Non-Current Liabilities

Unsecured debt

Cummins Unsecured debt decreased by 11.1% to $2.00B in Q2 2025 compared to the prior quarter.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ4 2025

How to read this metric

Higher levels indicate reliance on corporate credit, which is generally favorable for operational flexibility but requires strong credit ratings.

Detailed definition

This represents debt obligations that are not backed by specific collateral, relying instead on the company's general cr...

Peer comparison

Common for large-cap REITs with strong balance sheets; smaller peers may rely more on secured debt.

Metric ID: non_current_liabilities_unsecured_debt

Historical Data

2 periods
 Q1 '24Q2 '25
Value$2.25B$2.00B
QoQ Change-11.1%
Range$2.00B$2.25B

Frequently Asked Questions

What is Cummins's unsecured debt?
Cummins (CMI) reported unsecured debt of $2.00B in Q2 2025.
What does unsecured debt mean?
Debt that is not tied to specific property collateral, based on the company's credit reputation.