Geographic · Commercial paper (Note 13)
EUROPE — Commercial paper (Note 13)
Cummins EUROPE — Commercial paper (Note 13) increased by 10.3% to $107.00M in Q4 2022 compared to the prior quarter. Year-over-year, this metric declined by 5.3%, from $113.00M to $107.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryLiquidity
SignalLower is better
VolatilityModerate
First reportedQ4 2015
Last reportedQ1 2026
Rolls up toCurrent Debt
How to read this metric
An increase suggests higher short-term liquidity needs or a strategic preference for low-cost short-term financing, while a decrease indicates improved cash flow or a shift toward long-term debt structures.
Detailed definition
This metric represents the outstanding balance of short-term, unsecured promissory notes issued by the company's Europea...
Peer comparison
Similar to short-term debt or notes payable reported by multinational peers, often benchmarked against total current liabilities.
Metric ID:
cmi_segment_europe_commercial_paper_note_13Historical Data
5 periods
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | |
|---|---|---|---|---|---|
| Value | $113.00M | $111.00M | $105.00M | $97.00M | $107.00M |
| QoQ Change | — | -1.8% | -5.4% | -7.6% | +10.3% |
| YoY Change | — | — | — | — | -5.3% |
Range$97.00M – $113.00M
CAGR-5.3%
Avg YoY Growth-5.3%
Median YoY Growth-5.3%
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Frequently Asked Questions
- What is Cummins's europe — commercial paper (note 13)?
- Cummins (CMI) reported europe — commercial paper (note 13) of $107.00M in Q4 2022.
- How has Cummins's europe — commercial paper (note 13) changed year-over-year?
- Cummins's europe — commercial paper (note 13) decreased by 5.3% year-over-year, from $113.00M to $107.00M.
- What does europe — commercial paper (note 13) mean?
- The total amount of short-term debt owed by the European segment through commercial paper programs.