Deere & Company (DE)
Cash ratio
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 7,324,000 | 7,004,000 | 5,553,000 | 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 |
| Short-term investments | US$ in thousands | — | 12,000 | 1,094,000 | 1,136,000 | 946,000 | 841,000 | 856,000 | 852,000 | 734,000 | 719,000 | 2,000 | 735,000 | 728,000 | 688,000 | 668,000 | 667,000 | 641,000 | 640,000 | 626,000 | 609,000 |
| Total current liabilities | US$ in thousands | 13,561,000 | 15,294,000 | 17,699,000 | 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 |
| Cash ratio | 0.54 | 0.46 | 0.38 | 0.37 | 0.47 | 0.43 | 0.36 | 0.34 | 0.44 | 0.36 | 0.31 | 0.47 | 0.80 | 0.79 | 0.79 | 381.45 | 367.00 | 0.97 | 732.77 | 350.92 |
October 27, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,324,000K
+ $—K)
÷ $13,561,000K
= 0.54
The cash ratio of Deere & Company has shown fluctuations over the past several quarters, ranging from a low of 0.31 to a high of 0.80. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
In the most recent quarter, the cash ratio stood at 0.54, showing an improvement compared to the previous quarter where it was 0.46. This suggests that Deere & Company had a higher proportion of cash and cash equivalents relative to its current liabilities, indicating a potentially improved liquidity position.
However, it is important to note the significant outlier in the cash ratio of 381.45 reported in the January 31, 2021, quarter. This outlier significantly skews the average cash ratio for the company over the periods analyzed. Further investigation into the reason behind this abnormally high ratio is warranted to understand the underlying financial circumstances that led to such an anomaly.
Overall, Deere & Company's cash ratio has experienced fluctuations, with the recent quarter showing an improvement. It is important for the company to maintain a healthy cash position to meet its short-term obligations effectively.
Peer comparison
Oct 27, 2024