Deere & Company (DE)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 6,601,000 | 7,324,000 | 7,324,000 | 7,004,000 | 7,004,000 | 5,553,000 | 5,553,000 | 5,137,000 | 5,137,000 | 7,458,000 | 7,458,000 | 6,576,000 | 6,576,000 | 5,267,000 | 3,976,000 | 3,976,000 | 4,774,000 | 4,774,000 | 4,359,000 | 3,878,000 |
| Short-term investments | US$ in thousands | 1,214,000 | 1,154,000 | — | 1,140,000 | 12,000 | 1,094,000 | 1,094,000 | 1,136,000 | 1,136,000 | 946,000 | 946,000 | 841,000 | 841,000 | 856,000 | 852,000 | 852,000 | 734,000 | 734,000 | 719,000 | 2,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.23 | 0.22 | 0.54 | 0.21 | 0.46 | 0.17 | 0.38 | 0.17 | 0.37 | 0.20 | 0.47 | 0.19 | 0.43 | 0.16 | 0.15 | 0.34 | 0.17 | 0.44 | 0.16 | 0.31 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,601,000K
+ $1,214,000K
+ $—K)
÷ $34,031,000K
= 0.23
The quick ratio of Deere & Company has fluctuated over the periods provided in the data. Starting at 0.31 on May 1, 2022, the ratio decreased to 0.16 by July 31, 2022, indicating a decrease in the company's ability to cover its immediate liabilities with its most liquid assets.
However, the quick ratio improved to 0.44 by October 30, 2022, showing a positive trend. The ratio then dropped to 0.17 on October 31, 2022, before increasing again to 0.34 by January 29, 2023. Despite this improvement, the ratio decreased once more to 0.15 by January 31, 2023.
The quick ratio continued to fluctuate between 0.16 and 0.47 until October 29, 2023, where it reached its highest point in this data set. Subsequently, the ratio decreased to 0.20 by October 31, 2023, before showing a slight improvement to 0.37 by January 28, 2024.
Thereafter, the quick ratio remained relatively stable between 0.17 and 0.46 until July 28, 2024, when it rose to 0.46, indicating a strong ability to cover short-term obligations. However, by October 31, 2024, the ratio decreased to 0.22, before reaching 0.23 by January 31, 2025.
In conclusion, the quick ratio of Deere & Company has shown variability over the periods provided, with some fluctuations indicating potential challenges in meeting short-term obligations but exhibiting an overall trend towards improvement in liquidity position.
Peer comparison
Jan 31, 2025