Stock Analysis on Net
Stock Analysis on Net

Caterpillar Inc. (NYSE:CAT)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Caterpillar Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Machinery, Energy & Transportation 0.00 0.00 0.01 0.01 0.01
Financial Products 5.31 7.27 6.52 2.56 6.58
Short-term borrowings 5.31% 7.27% 6.53% 2.57% 6.58%
Accounts payable 9.04 10.60 9.85 7.82 7.59
Accrued expenses 5.67 4.98 4.54 4.65 4.78
Accrued wages, salaries and employee benefits 3.15 2.82 2.71 1.40 2.08
Customer advances 2.21 2.27 1.31 1.41 1.51
Dividends payable 0.74 0.76 0.72 0.72 0.72
Other current liabilities 3.57 3.28 2.72 2.58 2.75
Machinery, Energy & Transportation 1.19 0.15 0.05 1.81 0.02
Financial Products 8.82 6.35 7.62 9.87 7.90
Long-term debt due within one year 10.02% 6.49% 7.67% 11.68% 7.92%
Current liabilities 39.70% 38.48% 36.05% 32.83% 33.93%
Machinery, Energy & Transportation 9.81 11.59 11.77 12.45 11.65
Financial Products 18.17 19.79 19.67 20.75 21.85
Long-term debt due after one year 27.98% 31.38% 31.44% 33.19% 33.50%
Liability for postemployment benefits 4.68 5.13 6.75 8.77 8.41
Other liabilities 5.34 5.62 5.80 5.56 5.51
Noncurrent liabilities 38.00% 42.13% 44.00% 47.53% 47.42%
Total liabilities 77.70% 80.61% 80.05% 80.37% 81.35%
Common stock of $1.00 par value, at paid-in amount 7.32 8.01 7.73 7.95 7.57
Treasury stock, at cost -41.54 -38.74 -33.39 -32.15 -30.87
Profit employed in the business 58.59 53.10 47.45 44.90 43.90
Accumulated other comprehensive loss -2.08 -3.00 -1.88 -1.13 -2.00
Equity attributable to common shareholders 22.28% 19.37% 19.91% 19.57% 18.59%
Noncontrolling interests 0.01 0.03 0.04 0.06 0.05
Total stockholders’ equity 22.30% 19.39% 19.95% 19.63% 18.65%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Caterpillar Inc. current liabilities as a percentage of total liabilities and stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Caterpillar Inc. noncurrent liabilities as a percentage of total liabilities and stockholders’ equity decreased from 2021 to 2022 and from 2022 to 2023.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Caterpillar Inc. total liabilities as a percentage of total liabilities and stockholders’ equity increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Equity attributable to common shareholders Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Caterpillar Inc. equity attributable to common shareholders as a percentage of total liabilities and stockholders’ equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.