Caterpillar Short Term Debt vs Non Current Assets Total Analysis

CAT Stock

USD 328.29 1.16 0.35%

Caterpillar financial indicator trend analysis is way more than just evaluating Caterpillar prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Caterpillar is a good investment. Please check the relationship between Caterpillar Short Term Debt and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caterpillar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Caterpillar Stock please use our How to Invest in Caterpillar guide.

Short Term Debt vs Non Current Assets Total

Short Term Debt vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Caterpillar Short Term Debt account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Caterpillar's Short Term Debt and Non Current Assets Total is 0.92. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Caterpillar, assuming nothing else is changed. The correlation between historical values of Caterpillar's Short Term Debt and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Caterpillar are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Short Term Debt i.e., Caterpillar's Short Term Debt and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

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Short Term Debt

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most indicators from Caterpillar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Caterpillar current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caterpillar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Caterpillar Stock please use our How to Invest in Caterpillar guide.Enterprise Value is likely to gain to about 29.4 B in 2024, whereas Selling General Administrative is likely to drop slightly above 3.8 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	15.0B	17.5B	23.5B	24.6B
Total Revenue	51.0B	59.4B	67.1B	35.3B

Gross Profit Total Revenue

Caterpillar fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Property Plant Equipment	Accounts Payable	Common Stock Total Equity
Total Assets		0.99	0.59	0.97	0.7	0.77	0.98	0.52	0.63	0.97	0.4	0.63	0.98	-0.57	0.97	0.66	0.16	-0.43	1.0	0.34	0.97	0.93	0.52	0.77	0.83	0.8
Short Long Term Debt Total	0.99		0.57	0.95	0.69	0.75	0.98	0.52	0.7	0.97	0.37	0.7	0.96	-0.61	0.98	0.61	0.13	-0.46	0.99	0.33	0.94	0.96	0.49	0.76	0.76	0.81
Other Current Liab	0.59	0.57		0.67	0.83	0.33	0.58	0.95	0.61	0.48	-0.09	0.61	0.67	-0.77	0.5	0.91	0.52	-0.87	0.58	0.81	0.65	0.56	-0.07	0.34	0.68	0.69
Total Current Liabilities	0.97	0.95	0.67		0.68	0.66	0.94	0.6	0.62	0.9	0.25	0.62	0.97	-0.67	0.91	0.71	0.31	-0.55	0.97	0.39	0.98	0.92	0.37	0.67	0.89	0.87
Total Stockholder Equity	0.7	0.69	0.83	0.68		0.63	0.71	0.85	0.6	0.66	0.28	0.6	0.71	-0.59	0.61	0.85	0.25	-0.66	0.66	0.78	0.69	0.65	0.21	0.63	0.59	0.6
Property Plant And Equipment Net	0.77	0.75	0.33	0.66	0.63		0.83	0.31	0.22	0.83	0.79	0.22	0.72	-0.16	0.77	0.49	-0.04	-0.09	0.74	0.36	0.65	0.66	0.73	1.0	0.46	0.37
Net Debt	0.98	0.98	0.58	0.94	0.71	0.83		0.51	0.57	0.98	0.48	0.57	0.96	-0.53	0.97	0.66	0.14	-0.4	0.98	0.39	0.92	0.93	0.59	0.83	0.76	0.73
Retained Earnings	0.52	0.52	0.95	0.6	0.85	0.31	0.51		0.66	0.4	-0.15	0.66	0.59	-0.84	0.41	0.87	0.55	-0.94	0.5	0.8	0.61	0.53	-0.22	0.32	0.58	0.71
Cash	0.63	0.7	0.61	0.62	0.6	0.22	0.57	0.66		0.56	-0.19	1.0	0.64	-0.84	0.62	0.45	0.18	-0.73	0.63	0.33	0.66	0.7	-0.13	0.22	0.47	0.81
Non Current Assets Total	0.97	0.97	0.48	0.9	0.66	0.83	0.98	0.4	0.56		0.54	0.56	0.92	-0.44	0.98	0.55	0.01	-0.29	0.97	0.32	0.87	0.92	0.67	0.83	0.7	0.67
Non Currrent Assets Other	0.4	0.37	-0.09	0.25	0.28	0.79	0.48	-0.15	-0.19	0.54		-0.19	0.32	0.38	0.47	0.14	-0.37	0.42	0.38	0.02	0.24	0.24	0.86	0.77	0.17	-0.16
Cash And Short Term Investments	0.63	0.7	0.61	0.62	0.6	0.22	0.57	0.66	1.0	0.56	-0.19		0.64	-0.84	0.62	0.45	0.18	-0.73	0.63	0.33	0.66	0.7	-0.13	0.22	0.47	0.81
Net Receivables	0.98	0.96	0.67	0.97	0.71	0.72	0.96	0.59	0.64	0.92	0.32	0.64		-0.62	0.95	0.73	0.23	-0.51	0.98	0.38	0.98	0.89	0.45	0.72	0.87	0.82
Common Stock Shares Outstanding	-0.57	-0.61	-0.77	-0.67	-0.59	-0.16	-0.53	-0.84	-0.84	-0.44	0.38	-0.84	-0.62		-0.48	-0.6	-0.55	0.95	-0.58	-0.5	-0.67	-0.68	0.34	-0.17	-0.57	-0.91
Non Current Liabilities Total	0.97	0.98	0.5	0.91	0.61	0.77	0.97	0.41	0.62	0.98	0.47	0.62	0.95	-0.48		0.58	0.04	-0.32	0.98	0.25	0.9	0.9	0.62	0.77	0.74	0.7
Inventory	0.66	0.61	0.91	0.71	0.85	0.49	0.66	0.87	0.45	0.55	0.14	0.45	0.73	-0.6	0.58		0.53	-0.71	0.65	0.71	0.72	0.54	0.14	0.49	0.78	0.59
Other Current Assets	0.16	0.13	0.52	0.31	0.25	-0.04	0.14	0.55	0.18	0.01	-0.37	0.18	0.23	-0.55	0.04	0.53		-0.62	0.16	0.19	0.3	0.13	-0.4	-0.04	0.48	0.42
Other Stockholder Equity	-0.43	-0.46	-0.87	-0.55	-0.66	-0.09	-0.4	-0.94	-0.73	-0.29	0.42	-0.73	-0.51	0.95	-0.32	-0.71	-0.62		-0.43	-0.64	-0.56	-0.51	0.44	-0.1	-0.52	-0.79
Total Liab	1.0	0.99	0.58	0.97	0.66	0.74	0.98	0.5	0.63	0.97	0.38	0.63	0.98	-0.58	0.98	0.65	0.16	-0.43		0.32	0.96	0.93	0.53	0.75	0.82	0.79
Property Plant And Equipment Gross	0.34	0.33	0.81	0.39	0.78	0.36	0.39	0.8	0.33	0.32	0.02	0.33	0.38	-0.5	0.25	0.71	0.19	-0.64	0.32		0.34	0.4	-0.01	0.37	0.27	0.38
Total Current Assets	0.97	0.94	0.65	0.98	0.69	0.65	0.92	0.61	0.66	0.87	0.24	0.66	0.98	-0.67	0.9	0.72	0.3	-0.56	0.96	0.34		0.87	0.33	0.66	0.91	0.88
Short Term Debt	0.93	0.96	0.56	0.92	0.65	0.66	0.93	0.53	0.7	0.92	0.24	0.7	0.89	-0.68	0.9	0.54	0.13	-0.51	0.93	0.4	0.87		0.38	0.67	0.65	0.84
Intangible Assets	0.52	0.49	-0.07	0.37	0.21	0.73	0.59	-0.22	-0.13	0.67	0.86	-0.13	0.45	0.34	0.62	0.14	-0.4	0.44	0.53	-0.01	0.33	0.38		0.72	0.26	-0.08
Property Plant Equipment	0.77	0.76	0.34	0.67	0.63	1.0	0.83	0.32	0.22	0.83	0.77	0.22	0.72	-0.17	0.77	0.49	-0.04	-0.1	0.75	0.37	0.66	0.67	0.72		0.47	0.38
Accounts Payable	0.83	0.76	0.68	0.89	0.59	0.46	0.76	0.58	0.47	0.7	0.17	0.47	0.87	-0.57	0.74	0.78	0.48	-0.52	0.82	0.27	0.91	0.65	0.26	0.47		0.75
Common Stock Total Equity	0.8	0.81	0.69	0.87	0.6	0.37	0.73	0.71	0.81	0.67	-0.16	0.81	0.82	-0.91	0.7	0.59	0.42	-0.79	0.79	0.38	0.88	0.84	-0.08	0.38	0.75

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Caterpillar Account Relationship Matchups

Caterpillar fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	78.5B	78.3B	82.8B	81.9B	87.5B	50.5B
Short Long Term Debt Total	37.7B	37.2B	37.8B	37.0B	38.5B	23.8B
Other Current Liab	8.1B	7.3B	8.9B	9.7B	11.3B	11.9B
Total Current Liabilities	26.6B	25.7B	29.8B	31.5B	34.7B	17.8B
Total Stockholder Equity	14.6B	15.3B	16.5B	15.9B	19.5B	20.5B
Property Plant And Equipment Net	12.9B	12.4B	8.2B	12.0B	13.2B	9.1B
Net Debt	29.4B	27.8B	28.5B	30.0B	31.5B	20.6B
Retained Earnings	34.4B	35.2B	39.3B	43.5B	51.3B	53.8B
Cash	8.3B	9.4B	9.3B	7.0B	7.0B	7.3B
Non Current Assets Total	39.3B	38.9B	39.3B	38.2B	40.5B	26.5B
Non Currrent Assets Other	3.3B	3.8B	4.1B	1.3B	830M	788.5M
Cash And Short Term Investments	8.3B	9.4B	9.3B	7.0B	7.0B	7.3B
Net Receivables	17.9B	16.8B	17.4B	17.9B	19.1B	12.0B
Common Stock Shares Outstanding	567.5M	548.6M	548.5M	530.4M	513.6M	568.7M
Liabilities And Stockholders Equity	78.5B	78.3B	82.8B	81.9B	87.5B	50.5B
Non Current Liabilities Total	37.2B	37.2B	36.4B	34.5B	33.2B	23.1B
Inventory	11.3B	11.4B	14.0B	16.3B	16.6B	17.4B
Other Current Assets	1.7B	1.9B	2.8B	11.7B	4.3B	4.6B
Other Stockholder Equity	(24.2B)	(25.2B)	(27.6B)	(31.7B)	(36.3B)	(34.5B)
Total Liab	63.8B	62.9B	66.3B	66.1B	68.0B	40.8B
Property Plant And Equipment Gross	12.9B	12.4B	12.1B	12.0B	28.6B	30.1B
Total Current Assets	39.2B	39.5B	43.5B	43.8B	46.9B	24.0B
Accumulated Other Comprehensive Income	(1.6B)	(888M)	(1.6B)	(2.5B)	(1.8B)	(1.9B)
Short Term Debt	11.4B	11.2B	11.8B	11.3B	13.6B	7.6B
Intangible Assets	1.6B	1.3B	1.0B	758M	564M	535.8M
Property Plant Equipment	12.9B	12.4B	8.2B	12.0B	13.8B	9.0B
Accounts Payable	6.0B	6.1B	8.2B	8.7B	7.9B	4.8B
Common Stock Total Equity	5.9B	6.2B	6.4B	6.6B	7.5B	4.1B
Common Stock	5.9B	6.2B	6.4B	6.6B	6.4B	4.2B
Other Liab	10.5B	11.2B	10.4B	8.4B	9.6B	9.8B
Other Assets	3.9B	18.8B	7.2B	6.8B	7.8B	4.4B
Long Term Debt	26.3B	26.0B	26.0B	25.7B	24.5B	21.9B
Treasury Stock	(24.2B)	(25.2B)	(27.6B)	(31.7B)	(28.6B)	(27.1B)
Current Deferred Revenue	1.2B	1.1B	1.1B	1.9B	1.9B	1.3B
Good Will	6.2B	6.4B	6.3B	5.3B	5.3B	4.9B
Short Term Investments	0.0	9.4B	964M	1.9B	2.2B	2.3B
Net Tangible Assets	6.8B	7.6B	9.1B	9.8B	11.3B	7.5B

Pair Trading with Caterpillar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Caterpillar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Caterpillar will appreciate offsetting losses from the drop in the long position's value.

Moving together with Caterpillar Stock

0.75	DE	Deere Company Fiscal Year End 27th of November 2024	Pair Corr
0.72	ALG	Alamo Group	Pair Corr

The ability to find closely correlated positions to Caterpillar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caterpillar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Caterpillar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Caterpillar to buy it.

The correlation of Caterpillar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Caterpillar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caterpillar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Caterpillar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Caterpillar Stock Analysis

When running Caterpillar's price analysis, check to measure Caterpillar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Caterpillar is operating at the current time. Most of Caterpillar's value examination focuses on studying past and present price action to predict the probability of Caterpillar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caterpillar's price. Additionally, you may evaluate how the addition of Caterpillar to your portfolios can decrease your overall portfolio volatility.

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