Deere & Company (DE)
Cash ratio
| Jan 31, 2025 | Oct 31, 2024 | Oct 27, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 6,601,000 | 7,324,000 | 7,324,000 | 7,004,000 | 7,004,000 | 5,553,000 | 5,553,000 | 5,137,000 | 5,137,000 | 7,458,000 | 7,458,000 | 6,576,000 | 6,576,000 | 5,267,000 | 3,976,000 | 3,976,000 | 4,774,000 | 4,774,000 | 4,359,000 | 3,878,000 |
| Short-term investments | US$ in thousands | 1,214,000 | 1,154,000 | — | 1,140,000 | 12,000 | 1,094,000 | 1,094,000 | 1,136,000 | 1,136,000 | 946,000 | 946,000 | 841,000 | 841,000 | 856,000 | 852,000 | 852,000 | 734,000 | 734,000 | 719,000 | 2,000 |
| Total current liabilities | US$ in thousands | 34,031,000 | 38,334,000 | 13,561,000 | 39,363,000 | 15,294,000 | 39,284,000 | 17,699,000 | 36,594,000 | 17,117,000 | 41,064,000 | 17,964,000 | 39,091,000 | 17,143,000 | 37,204,000 | 32,101,000 | 14,129,000 | 33,125,000 | 12,592,000 | 32,082,000 | 12,413,000 |
| Cash ratio | 0.23 | 0.22 | 0.54 | 0.21 | 0.46 | 0.17 | 0.38 | 0.17 | 0.37 | 0.20 | 0.47 | 0.19 | 0.43 | 0.16 | 0.15 | 0.34 | 0.17 | 0.44 | 0.16 | 0.31 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($6,601,000K
+ $1,214,000K)
÷ $34,031,000K
= 0.23
The cash ratio for Deere & Company has fluctuated over the given time period, ranging from a low of 0.15 to a high of 0.54. The cash ratio represents the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a more liquid position, meaning the company has more cash available to meet its short-term obligations.
Based on the data provided, the cash ratio of Deere & Company appears to have experienced some volatility, with noticeable fluctuations in certain periods. For example, there was a significant increase in the cash ratio from 0.15 in January 31, 2023, to 0.47 in October 29, 2023, suggesting a substantial improvement in the company's liquidity position during that period.
Overall, the trend in the cash ratio of Deere & Company shows some variability, with periods of both increases and decreases. This could be indicative of changes in the company's cash management strategies, investment decisions, or overall financial performance. It is important for investors and stakeholders to closely monitor the cash ratio along with other financial metrics to assess the company's financial health and liquidity position.
Peer comparison
Jan 31, 2025