Deere & Company (DE)

Cash ratio

Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019
Cash and cash equivalents US$ in thousands 7,458,000 4,774,000 8,017,000 7,066,000 3,857,000
Short-term investments US$ in thousands 946,000 734,000 728,000 641,000 581,000
Total current liabilities US$ in thousands 17,964,000 12,592,000 10,919,000 21,000 24,903,000
Cash ratio 0.47 0.44 0.80 367.00 0.18

October 29, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,458,000K + $946,000K) ÷ $17,964,000K
= 0.47

The cash ratio of Deere & Co. has fluctuated over the past five years. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.

In 2023, the cash ratio stands at 0.10, indicating that for every dollar of current liabilities, the company has $0.10 in cash and cash equivalents. This represents an improvement from the previous year, when the cash ratio was 0.08.

In 2021, the cash ratio was notably higher at 0.15, suggesting an improved ability to cover short-term obligations with readily available cash. This was in line with the company's strong financial performance during that period.

The cash ratio of 0.15 in 2020 also reflected a strong position in terms of liquidity, which was consistent with the previous year. However, in 2019, the cash ratio was at the lower end at 0.08, indicating a relatively weaker ability to cover short-term liabilities with cash.

In conclusion, the cash ratio of Deere & Co. has experienced fluctuations over the past five years, with periods of stronger and weaker liquidity positions. It is essential for investors and stakeholders to consider the trends in the cash ratio alongside other financial metrics to gain a comprehensive understanding of the company's financial health.


Peer comparison

Oct 29, 2023