What is the debt of Cummins this year?
Cummins has a debt level of 4,517 USD this year.
Cummins Debt 2024
Cummins Debt
4,517 USD
Cummins Dividend yield
2.29 %
Ticker
CMI
ISIN
US2310211063
WKN
853121
In 2024, Cummins's total debt was 4,517 USD, a -21.5% change from the 5,754 USD total debt recorded in the previous year.
Cummins Aktienanalyse
What does Cummins do?
Cummins Inc is a leading manufacturer of diesel engines, parts, and accessories, and also produces alternative and renewable energy systems. The company was founded in 1919 by William Glanton Irwin, Clessie Lyle Cummins, and others, with its headquarters in Columbus, Indiana, and now has subsidiaries in over 190 countries worldwide. The company was developed by Clessie Cummins, who was an engineer and racer. He had the idea to develop a more efficient diesel engine than those on the market at the time. Together with William Irwin and other co-founders, they established the Cummins Engine Company and developed engines from the beginning that were more reliable, efficient, and economical than their predecessors. Since its founding, Cummins Inc has developed a wide range of products, including diesel engines for heavy trucks, corporate applications such as power generation units, marine and rail propulsion, and alternative fuel systems. One of Cummins' most well-known products is the Dodge Ram Pickup Truck, equipped with the Cummins 6.7L turbo-diesel engine. Cummins Inc's strategy is to provide customers with comprehensive service, providing all the key attributes they need to be successful. By dividing the company into various segments such as commercial vehicles, power generation systems, as well as smaller engines and parts, it can offer customers a comprehensive range of products and services. The different divisions of the company work closely together to ensure that the customer receives a complete solution they require. In 2019, the company celebrated its 100th anniversary. In its fourth year of operation, Cummins expanded its business in Europe and sold its fully functional diesel engines to the Royal Navy of the United Kingdom. In 1925, the company began production of diesel engines for bus and truck traffic, and in 1952, Cummins developed and produced its first turbocharger system. In recent years, Cummins Inc has also increased its efforts towards sustainability and renewable energy, now offering products and services to support a wide range of applications including wind energy systems, solar systems, biofuels, and hybrid technologies. Overall, Cummins Inc is a leading provider of innovative and high-quality engines, parts, and accessories, offering customers a comprehensive solution that encompasses all aspects of their business. The company has proven throughout its nearly century-long history that it is continually able to meet the ever-changing demands of its customers and contribute to shaping the world and the economy. Cummins ist eines der beliebtesten Unternehmen auf Eulerpool.com.Debt Details
Understanding Cummins's Debt Structure
Cummins's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.
Year-to-Year Comparison
Analyzing Cummins's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.
Impact on Investments
Investors pay close attention to Cummins’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.
Interpreting Debt Fluctuations
Shifts in Cummins’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.
Frequently Asked Questions about Cummins Stock
What was the debt of Cummins compared to the previous year?
The debt of Cummins has increased by -21.5% compared to the previous year dropped.
What are the consequences of high debt for investors in Cummins?
High debt can pose a risk for investors of Cummins, as it can weaken the company's financial position and hinder its ability to fulfill its obligations.
What are the consequences of low debt for investors of Cummins?
Low debt means that Cummins has a strong financial position and is able to fulfill its obligations without overburdening its finances.
How does an increase in debt from Cummins affect the company?
An increase in debt of Cummins can adversely affect the financial condition of the company and result in a higher burden on its finances.
How does a reduction of debt of Cummins affect the company?
A reduction in debt of Cummins can strengthen the company's financial position and improve its ability to meet its financial obligations.
What are some factors that influence the debt of Cummins?
Some factors that can influence the debt of Cummins include investments, acquisitions, operating costs, and revenue development.
Why are the debts of Cummins so important for investors?
The debts of Cummins are important for investors as they serve as an indicator of the company's financial stability. It provides investors with information on how the company fulfills its financial obligations.
What strategic measures can Cummins take to change the debt?
To change the debt, Cummins can take measures such as cost savings, increasing revenue, selling assets, making investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to change its debt.
How much dividend does Cummins pay?
Over the past 12 months, Cummins paid a dividend of 6.5 USD . This corresponds to a dividend yield of about 2.29 %. For the coming 12 months, Cummins is expected to pay a dividend of 7.43 USD.
What is the dividend yield of Cummins?
The current dividend yield of Cummins is 2.29 %.
When does Cummins pay dividends?
Cummins pays a quarterly dividend. This is distributed in the months of June, September, December, March.
How secure is the dividend of Cummins?
Cummins paid dividends every year for the past 25 years.
What is the dividend of Cummins?
For the upcoming 12 months, dividends amounting to 7.43 USD are expected. This corresponds to a dividend yield of 2.62 %.
In which sector is Cummins located?
Cummins is assigned to the 'Industry' sector.
Wann musste ich die Aktien von Cummins kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Cummins from 3/7/2024 amounting to 1.68 USD, you needed to have the stock in your portfolio before the ex-date on 2/22/2024.
When did Cummins pay the last dividend?
The last dividend was paid out on 3/7/2024.
What was the dividend of Cummins in the year 2023?
In the year 2023, Cummins distributed 6.04 USD as dividends.
In which currency does Cummins pay out the dividend?
The dividends of Cummins are distributed in USD.
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Our stock analysis for Cummins Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Cummins Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
