Current Liabilities
Commercial Paper Outstanding
Caterpillar Commercial Paper Outstanding increased by 37.1% to $5.41B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 37.1%, from $3.95B to $5.41B. Over 5 years (FY 2020 to FY 2025), Commercial Paper Outstanding shows an upward trend with a 32.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryLiquidity
SignalLower is better
VolatilityModerate
First reportedQ4 2015
Last reportedQ4 2025Feb 13, 2026
How to read this metric
High levels indicate reliance on short-term funding, which may increase sensitivity to interest rate fluctuations.
Detailed definition
This represents the total aggregate principal amount of short-term, unsecured promissory notes issued by the company to...
Peer comparison
Common for large corporations with high credit ratings and consistent cash flow needs.
Metric ID:
commercial_paper_outstandingHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $4.90B | $5.46B | $4.07B | $3.95B | $5.41B |
| QoQ Change | — | +11.4% | -25.4% | -3.0% | +37.1% |
| YoY Change | — | +11.4% | -25.4% | -3.0% | +37.1% |
Range$3.95B – $5.46B
CAGR+10.5%
Avg YoY Growth+5.0%
Median YoY Growth+4.2%
Product Breakdown
| Segment | Q4 '25 |
|---|---|
| Machinery, Power & Energy | $0.00 |
| Total | $5.41B |
Commercial Paper Outstanding at Other Companies
Frequently Asked Questions
- What is Caterpillar's commercial paper outstanding?
- Caterpillar (CAT) reported commercial paper outstanding of $5.41B in Q4 2025.
- How has Caterpillar's commercial paper outstanding changed year-over-year?
- Caterpillar's commercial paper outstanding increased by 37.1% year-over-year, from $3.95B to $5.41B.
- What is the long-term trend for Caterpillar's commercial paper outstanding?
- Over 5 years (2020 to 2025), Caterpillar's commercial paper outstanding has grown at a 32.6% compound annual growth rate (CAGR), from -$1.32B to $5.41B.
- What does commercial paper outstanding mean?
- The total amount of short-term debt the company has issued to fund daily operations.