Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Paying user area
Try for free
Caterpillar Inc. pages available for free this week:
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Capital Asset Pricing Model (CAPM)
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Caterpillar Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Caterpillar Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The capital structure demonstrates a consistent reliance on debt, with total liabilities typically fluctuating between 76% and 81% of total liabilities and shareholders’ equity. A gradual shift in the composition of these liabilities is evident, characterized by an increase in current liabilities and a corresponding decrease in noncurrent liabilities over the observed period.
- Liability Composition and Leverage
- Total liabilities remained relatively stable but showed a slight upward trajectory toward the end of the period, reaching 81.10% by December 31, 2024. Current liabilities increased from approximately 33% in early 2021 to peak at 41.34% in June 2023, eventually stabilizing around 38% to 39%. Conversely, noncurrent liabilities declined from 46.49% in March 2021 to 42.32% by June 2026. A primary driver of this decline was the liability for postemployment benefits, which decreased steadily from 8.30% to 3.65%.
- Operating Liability Trends
- Customer advances exhibited a significant and sustained upward trend, growing from 1.45% in March 2021 to 4.66% by June 2026, suggesting an increase in prepayments or deposits from clients. Accounts payable remained relatively stable, generally oscillating between 8% and 11%. Accrued expenses and related employee benefit obligations also showed a gradual increase, with general accrued expenses rising from 4.43% to 5.68% over the period.
- Debt Maturity Profile
- Long-term debt due after one year remained the largest single liability component, typically ranging between 27% and 33%. Long-term debt due within one year showed more volatility, fluctuating between 6.49% and 11.29%, reflecting the cyclical nature of debt refinancing and maturity schedules.
- Equity Dynamics and Shareholder Value
- Total shareholders' equity remained a minority portion of the balance sheet, fluctuating between 18.90% and 23.63%. A notable trend is the aggressive expansion of treasury stock, which moved from -31.03% in March 2021 to -53.15% by June 2026, indicating a consistent and substantial program of share repurchases. This activity was largely offset by the growth in profit employed in the business (retained earnings), which rose from 45.46% in March 2021 to a peak of 72.21% in March 2025, reflecting strong internal capital generation.