Total Debt for Cummins (CMI)
According to Cummins's latest reported financial statements, the company's latest reported total debt is $8.11B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
CMI
Currently viewingTotal DebtSwitch metric
Latest period
$8.11B
YoY change
+6.8%
5Y CAGR
+11.9%
Peak year (2022)
$8.36B
Latest annual
$8.11B
Total Debt history chart for Cummins (CMI) from 1985 to 2025
Total Debt history table for Cummins (CMI) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $8.11B | +6.8% | ||
| 2024 | $7.60B | +5.4% | ||
| 2023 | $7.21B | -13.7% | ||
| 2022 | $8.36B | +81.1% | ||
| 2021 | $4.61B | -0.1% | ||
| 2020 | $4.62B | +61.0% | ||
| 2019 | $2.87B | +15.8% | ||
| 2018 | $2.48B | +23.4% | ||
| 2017 | $2.01B | +10.2% | ||
| 2016 | $1.82B | +13.8% | ||
| 2015 | $1.60B | -4.5% | ||
| 2014 | $1.68B | -0.8% | ||
| 2013 | $1.69B | +136.6% | ||
| 2012 | $714.00M | +4.1% | ||
| 2011 | $686.00M | -13.3% | ||
| 2010 | $791.00M | +24.2% | ||
| 2009 | $637.00M | -8.7% | ||
| 2008 | $698.00M | +3.6% | ||
| 2007 | $674.00M | -16.9% | ||
| 2006 | $811.00M | -40.7% | ||
| 2005 | $1.37B | -16.9% | ||
| 2004 | $1.65B | +15.1% | ||
| 2003 | $1.43B | +25.7% | ||
| 2002 | $1.14B | +20.3% | ||
| 2001 | $945.00M | -21.0% | ||
| 2000 | $1.20B | -1.6% | ||
| 1999 | $1.22B | -1.0% | ||
| 1998 | $1.23B | +87.6% | ||
| 1997 | $654.00M | +57.6% | ||
| 1996 | $415.00M | +89.5% | ||
| 1995 | $219.00M | -5.9% | ||
| 1994 | $232.70M | -1.2% | ||
| 1993 | $235.60M | -43.5% | ||
| 1992 | $417.30M | +1.6% | ||
| 1991 | $410.70M | +6.8% | ||
| 1990 | $384.60M | -23.0% | ||
| 1989 | $499.40M | -1.6% | ||
| 1988 | $507.50M | +25.6% | ||
| 1987 | $404.20M | -9.3% | ||
| 1986 | $445.50M | +51.1% | ||
| 1985 | $294.80M | — |
Total Debt values are taken from Cummins's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Cummins (CMI) most recent annual total debt stands at $8.11B (2025) – grew 6.8% year-over-year.
Across 2020–2025 (5 years), Cummins total debt produced a CAGR of +11.9% – with the latest reading among the more recent periods of the dataset.
2022 marks the peak total debt at $8.36B, with the historical low of $219.00M recorded in 1995.
Within Industrials, Cummins (CMI) ranks 9th among 8 peers we track. The peer median for total debt is $37.04B.
Cummins Total Debt by Year
Cummins Total Debt 2025: $8.11B
Cummins total debt in 2025 was $8.11B, grew 6.8% from 2024.
Cummins Total Debt 2024: $7.60B
Cummins total debt in 2024 was $7.60B, grew 5.4% from 2023.
Cummins Total Debt 2023: $7.21B
Cummins total debt in 2023 was $7.21B, declined 13.7% below 2022.
Cummins Total Debt 2022: $8.36B
Cummins total debt in 2022 was $8.36B, surged 81.1% from 2021. This figure represents the highest annual value in the available history.
Cummins Total Debt 2021: $4.61B
Cummins total debt in 2021 was $4.61B.
See more financial history for Cummins (CMI).
Sector peers — Total Debt
Companies in the same sector as Cummins, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Deere & Company (DE) | $63.94B | Industrials |
| The Boeing Company (BA) | $54.43B | Industrials |
| Caterpillar Inc. (CAT) | $43.33B | Industrials |
| RTX Corporation (RTX) | $39.51B | Industrials |
| Honeywell International Inc. (HON) | $34.58B | Industrials |
| Union Pacific Corporation (UNP) | $31.81B | Industrials |
| GE Aerospace (GE) | $20.49B | Industrials |
| Eaton Corporation plc (ETN) | $11.17B | Industrials |
Frequently asked questions
What is Cummins's total debt?
- Latest reported total debt for Cummins (CMI) is $8.11B (period ending December 31, 2025).
How has Cummins total debt changed year-over-year?
- Cummins (CMI) total debt changed +6.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Cummins total debt?
- Cummins (CMI) total debt compound annual growth rate is +11.9% over the most recent 5 years available.
When did Cummins total debt hit its highest annual value?
- Cummins total debt reached its highest annual value of $8.36B in 2022.
What was Cummins total debt in 2024?
- Cummins (CMI) total debt in 2024 was $7.60B.
What was Cummins total debt in 2025?
- Cummins (CMI) total debt in 2025 was $8.11B.
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