Deere & Company (DE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 14,417,000 | 14,712,000 | 13,996,000 | 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 |
| 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 |
| Current ratio | 1.06 | 0.96 | 0.79 | 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 |
October 27, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $14,417,000K ÷ $13,561,000K
= 1.06
The current ratio of Deere & Company has fluctuated over the periods provided. A current ratio below 1 implies that the company may have difficulty meeting its short-term obligations with its current assets alone. The company's current ratio has generally been below 1 in the recent quarters, indicating a potential liquidity concern.
It is important to note that the current ratio can be affected by various factors, such as changes in inventory levels, accounts receivable collection periods, and the amount of current liabilities due in the short term.
Overall, the downward trend in Deere & Company's current ratio over the recent periods suggests a potential strain on the company's short-term liquidity position. Investors and analysts may want to further investigate the company's liquidity management strategies and assess the sustainability of its current financial position.
Peer comparison
Oct 27, 2024