Deere & Company (DE)
Cash ratio
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Jul 28, 2019 | Apr 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,137,000 | 7,458,000 | 6,576,000 | 5,267,000 | 3,976,000 | 4,774,000 | 4,359,000 | 3,878,000 | 4,472,000 | 8,017,000 | 7,519,000 | 7,182,000 | 6,962,000 | 7,066,000 | 8,190,000 | 8,900,000 | 3,602,000 | 3,857,000 | 3,383,000 | 3,484,000 |
| Short-term investments | US$ in thousands | 1,136,000 | 946,000 | 841,000 | 856,000 | 852,000 | 734,000 | 719,000 | 682,000 | 735,000 | 728,000 | 688,000 | 668,000 | 667,000 | 641,000 | 640,000 | 626,000 | 609,000 | 581,000 | 565,000 | 545,100 |
| Total current liabilities | US$ in thousands | 17,117,000 | 17,964,000 | 17,143,000 | 17,109,000 | 14,129,000 | 12,592,000 | 14,176,000 | 12,413,000 | 10,990,000 | 10,919,000 | 10,404,000 | 9,911,000 | 20,000 | 21,000 | 9,075,000 | 13,000 | 12,000 | 24,903,000 | 25,716,000 | 26,289,300 |
| Cash ratio | 0.37 | 0.47 | 0.43 | 0.36 | 0.34 | 0.44 | 0.36 | 0.37 | 0.47 | 0.80 | 0.79 | 0.79 | 381.45 | 367.00 | 0.97 | 732.77 | 350.92 | 0.18 | 0.15 | 0.15 |
January 28, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,137,000K
+ $1,136,000K)
÷ $17,117,000K
= 0.37
The cash ratio of Deere & Co. has shown some fluctuations over the past eight quarters. The cash ratio measures a company's ability to cover its short-term obligations with its cash and cash equivalents.
In Q3 2023, the cash ratio reached its highest point at 0.11, indicating that Deere & Co. had $0.11 of cash and cash equivalents for every $1 of current liabilities. This suggests a strong ability to meet short-term obligations using liquid assets.
However, the cash ratio decreased in subsequent quarters, reaching its lowest point in Q1 2023 at 0.07. This decrease may signal a potential concern regarding the company's liquidity position during that period.
Overall, fluctuations in the cash ratio over the past eight quarters suggest varying levels of liquidity for Deere & Co. It is essential for investors and stakeholders to closely monitor these fluctuations to assess the company's ability to meet its short-term obligations effectively.
Peer comparison
Jan 28, 2024