Deere & Company (DE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 74,869,000 | 77,667,000 | 14,417,000 | 80,714,000 | 14,712,000 | 26,505,000 | 13,996,000 | 25,022,000 | 14,074,000 | 77,934,000 | 15,618,000 | 77,485,000 | 15,926,000 | 73,013,000 | 66,456,000 | 14,032,000 | 64,088,000 | 13,269,000 | 63,091,000 | 12,908,000 |
| 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 |
| Current ratio | 2.20 | 2.03 | 1.06 | 2.05 | 0.96 | 0.67 | 0.79 | 0.68 | 0.82 | 1.90 | 0.87 | 1.98 | 0.93 | 1.96 | 2.07 | 0.99 | 1.93 | 1.05 | 1.97 | 1.04 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $74,869,000K ÷ $34,031,000K
= 2.20
Deere & Company's current ratio has displayed fluctuations over the reported periods. The ratio indicates the company's ability to meet its short-term obligations with its current assets.
From May 1, 2022, to July 31, 2022, there was a significant improvement in the current ratio from 1.04 to 1.97, suggesting a strengthening ability to cover short-term liabilities. This positive trend continued into October 31, 2022, where the ratio was 1.93.
However, starting from January 29, 2023, the current ratio declined to 0.99, indicating a potential strain on the company's liquidity position. It then improved back to 2.07 on January 31, 2023, but decreased again to 0.93 on July 30, 2023.
Throughout the subsequent periods, the current ratio continued to fluctuate, showing a mixed performance. For instance, on October 29, 2023, it decreased to 0.87 before increasing to 1.90 on October 31, 2023. Further declines were observed on January 28, 2024 (0.82) and January 31, 2024 (0.68).
Notably, the current ratio improved to 2.05 on July 31, 2024, and 2.03 on October 31, 2024, indicating a better short-term liquidity position. The trend continued to be positive, reaching 2.20 on January 31, 2025.
Overall, the fluctuations in Deere & Company's current ratio reflect varying levels of liquidity and the company's ability to manage its short-term obligations effectively. It is essential for stakeholders to closely monitor these fluctuations to assess the company's financial health and liquidity management.
Peer comparison
Jan 31, 2025