Caterpillar Inc (CAT) — Cash Flow-to-Debt Ratio
Caterpillar Inc (CAT) has a Cash Flow-to-Debt Ratio of 0.05x as of December 2025, meaning its operating cash flow of $3.59 Billion could theoretically repay 0% of its total liabilities ($77.27 Billion) in one year. See CAT FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Caterpillar Inc Cash Flow-to-Debt Ratio (1989–2025)
Historical debt coverage capacity for Caterpillar Inc across 37 annual periods. Also explore CAT year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Caterpillar Inc (1989–2025)
Year-by-year debt coverage analysis for Caterpillar Inc. For market capitalisation and broader financial context, see CAT market cap overview.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.15x | $11.74 Billion | $77.27 Billion | ▼ -13.8% |
| 2024 | 0.18x | $12.04 Billion | $68.27 Billion | ▼ -7.0% |
| 2023 | 0.19x | $12.88 Billion | $67.97 Billion | ▲ +61.2% |
| 2022 | 0.12x | $7.77 Billion | $66.05 Billion | ▲ +8.3% |
| 2021 | 0.11x | $7.20 Billion | $66.28 Billion | ▲ +8.0% |
| 2020 | 0.10x | $6.33 Billion | $62.95 Billion | ▼ -7.2% |
| 2019 | 0.11x | $6.91 Billion | $63.82 Billion | ▲ +6.4% |
| 2018 | 0.10x | $6.56 Billion | $64.43 Billion | ▲ +12.7% |
| 2017 | 0.09x | $5.71 Billion | $63.20 Billion | ▼ -1.5% |
| 2016 | 0.09x | $5.64 Billion | $61.49 Billion | ▼ -13.1% |
| 2015 | 0.11x | $6.70 Billion | $63.46 Billion | ▼ -11.1% |
| 2014 | 0.12x | $8.06 Billion | $67.86 Billion | ▼ -25.4% |
| 2013 | 0.16x | $10.19 Billion | $64.02 Billion | ▲ +119.2% |
| 2012 | 0.07x | $5.18 Billion | $71.39 Billion | ▼ -28.7% |
| 2011 | 0.10x | $6.96 Billion | $68.29 Billion | ▲ +8.1% |
| 2010 | 0.09x | $5.01 Billion | $53.16 Billion | ▼ -26.4% |
| 2009 | 0.13x | $6.50 Billion | $50.74 Billion | ▲ +67.4% |
| 2008 | 0.08x | $4.67 Billion | $61.07 Billion | ▼ -54.7% |
| 2007 | 0.17x | $7.96 Billion | $47.14 Billion | ▲ +29.8% |
| 2006 | 0.13x | $5.80 Billion | $44.59 Billion | ▲ +63.4% |
| 2005 | 0.08x | $3.11 Billion | $39.12 Billion | ▲ +171.0% |
| 2004 | -0.11x | $-3.99 Billion | $35.63 Billion | ▲ +38.8% |
| 2003 | -0.18x | $-5.61 Billion | $30.63 Billion | ▼ -25.9% |
| 2002 | -0.15x | $-3.96 Billion | $27.23 Billion | ▼ -283.4% |
| 2001 | 0.08x | $1.99 Billion | $25.05 Billion | ▼ -11.9% |
| 2000 | 0.09x | $2.06 Billion | $22.86 Billion | ▼ -26.1% |
| 1999 | 0.12x | $2.59 Billion | $21.25 Billion | ▲ +37.1% |
| 1998 | 0.09x | $1.78 Billion | $20.00 Billion | ▼ -31.8% |
| 1997 | 0.13x | $2.10 Billion | $16.08 Billion | ▲ +6.9% |
| 1996 | 0.12x | $1.78 Billion | $14.61 Billion | ▼ -25.1% |
| 1995 | 0.16x | $2.19 Billion | $13.44 Billion | ▲ +23.7% |
| 1994 | 0.13x | $1.76 Billion | $13.34 Billion | ▲ +18.2% |
| 1993 | 0.11x | $1.41 Billion | $12.61 Billion | ▲ +173.8% |
| 1992 | 0.04x | $503.00 Million | $12.36 Billion | ▼ -49.2% |
| 1991 | 0.08x | $641.00 Million | $8.00 Billion | ▼ -27.6% |
| 1990 | 0.11x | $820.00 Million | $7.41 Billion | ▼ -21.3% |
| 1989 | 0.14x | $907.00 Million | $6.45 Billion | — |