Deere & Company (DE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 14,074,000 | 15,618,000 | 15,926,000 | 14,980,000 | 14,032,000 | 13,269,000 | 13,480,000 | 12,908,000 | 12,407,000 | 14,798,000 | 13,929,000 | 13,224,000 | 12,918,000 | 12,065,000 | 13,840,000 | 15,071,000 | 10,084,000 | 9,832,000 | 10,130,000 | 10,644,600 |
| 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 |
| Current ratio | 0.82 | 0.87 | 0.93 | 0.88 | 0.99 | 1.05 | 0.95 | 1.04 | 1.13 | 1.36 | 1.34 | 1.33 | 645.90 | 574.52 | 1.53 | 1,159.31 | 840.33 | 0.39 | 0.39 | 0.40 |
January 28, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $14,074,000K ÷ $17,117,000K
= 0.82
The current ratio of Deere & Co., a measure of its ability to cover short-term obligations with its current assets, has shown some fluctuation over the past eight quarters. In Q1 2024 and Q4 2023, the current ratio was 1.09, indicating that Deere's current assets were approximately equal to its current liabilities during these periods.
In Q3 2023 and Q2 2023, the current ratio improved slightly to 1.11 and 1.12, respectively, suggesting a stronger liquidity position with a higher level of current assets relative to current liabilities. However, in Q1 2023, the current ratio dropped to 0.99, indicating that Deere may have had difficulty meeting its short-term obligations with its current assets.
The company exhibited stronger liquidity in Q4 2022 and Q3 2022 with current ratios of 1.12 and 0.98, respectively. However, in Q2 2022, the current ratio was at 0.98 again, signaling a potential weakness in Deere's ability to cover short-term liabilities with current assets.
Overall, the current ratio of Deere & Co. has shown some variability over the past eight quarters, with occasional dips below the ideal ratio of 1.0. This trend suggests the need for continued monitoring of the company's liquidity position to ensure its ability to meet short-term financial obligations.
Peer comparison
Jan 28, 2024