What is Caterpillar's interest expense?

Caterpillar (CAT) reported interest expense of $31.50M in Q4 2024.

How has Caterpillar's interest expense changed year-over-year?

Caterpillar's interest expense increased by 38.5% year-over-year, from $22.75M to $31.50M.

What is the long-term trend for Caterpillar's interest expense?

Over 2 years (2022 to 2024), Caterpillar's interest expense has grown at a -38.3% compound annual growth rate (CAGR), from $331.00M to $126.00M.

What does interest expense mean?

The total amount of interest a company pays on its borrowed money.

Interest Expense

Other Income & Expense

Caterpillar Interest Expense remained flat by 0.0% to $31.50M in Q4 2024 compared to the prior quarter. Year-over-year, this metric grew by 38.5%, from $22.75M to $31.50M. Over 2 years (FY 2022 to FY 2024), Interest Expense shows a downward trend with a -38.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement

SectionOther Income & Expense

CategoryLeverage

SignalLower is better

VolatilityStable

First reportedQ1 2007

Last reportedQ4 2025

How to read this metric

An increase may indicate rising debt levels or higher interest rates, while a decrease suggests debt repayment or more favorable refinancing terms.

Detailed definition

The cost incurred by an entity for borrowed funds, representing the interest payable on debt obligations such as bonds,...

Peer comparison

Peers in retail and cloud computing typically maintain varying debt levels; this is compared against EBIT to determine interest coverage ratios.

Metric ID: is_interest_expense

Historical Data

3 years

	FY'22	FY'23	FY'24
Value	$331.00M	$91.00M	$126.00M
YoY Change	—	-72.5%	+38.5%

Range$91.00M – $331.00M

CAGR-38.3%

Avg YoY Growth-17.0%

Median YoY Growth-17.0%

Product Breakdown

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Frequently Asked Questions

What is Caterpillar's interest expense?: Caterpillar (CAT) reported interest expense of $31.50M in Q4 2024.
How has Caterpillar's interest expense changed year-over-year?: Caterpillar's interest expense increased by 38.5% year-over-year, from $22.75M to $31.50M.
What is the long-term trend for Caterpillar's interest expense?: Over 2 years (2022 to 2024), Caterpillar's interest expense has grown at a -38.3% compound annual growth rate (CAGR), from $331.00M to $126.00M.
What does interest expense mean?: The total amount of interest a company pays on its borrowed money.