Do you have a clue what they use that debt for? It's been discussed on this board forever. One of Cat's three principle business is their finance arm, Cat Financial. Cat Financial borrows at 1-2% due to Cat's pristine AA credit rating and lends it to equipment buyers at market rates of 5-6% to finance their purchases. Cat Financial has been in business for nearly three decades and has never had a single year that they were not profitable, not even during the '08-'09 financial crisis that nearly bankrupted GE Capital. This is a cash printing machine. They only finance Cat equipment and they happen to know something about that market. If they do need to repossess a machine they resell it through their massive dealer network usually at a net gain. Lending standards are very high and have a historic low and consistent default rate. So before you read a one page financial review and jump to conclusions you really need to research the company. GL.