CAT Debt/Equity Ratio - CATERPILLAR INC

Complete source-backed debt/equity ratio history.

Available history: 2008-12-31 to 2025-12-31
Data captured: 2026-09-04

Historical Debt/Equity Ratio

Date	Debt/Equity Ratio
2025-12-31	1.7
2024-12-31	1.63
2023-12-31	1.49
2022-12-31	1.99
2021-12-31	1.9
2020-12-31	1.82
2019-12-31	2.15
2018-12-31	2.18
2017-12-31	2.08
2016-12-31	2.28
2015-12-31	2.16
2014-12-31	1.93
2013-12-31	1.46
2012-12-31	1.88
2011-12-31	2.24
2010-12-31	2.25
2009-12-31	2.94
2008-12-31	4.85

Annual Debt/Equity Ratio

Date	Debt/Equity Ratio
2025-12-31	1.7
2024-12-31	1.63
2023-12-31	1.49
2022-12-31	1.99
2021-12-31	1.9
2020-12-31	1.82
2019-12-31	2.15
2018-12-31	2.18
2017-12-31	2.08
2016-12-31	2.28
2015-12-31	2.16
2014-12-31	1.93
2013-12-31	1.46
2012-12-31	1.88
2011-12-31	2.24
2010-12-31	2.25
2009-12-31	2.94
2008-12-31	4.85