Deere & Company (DE)
Debt-to-assets ratio
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 107,320,000 | 107,320,000 | 104,087,000 | 104,087,000 | 90,030,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
October 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $107,320,000K
= 0.00
The debt-to-assets ratio for Deere & Company has consistently been reported as 0.00 for the financial years ending on October 31, 2022, October 29, 2023, October 31, 2023, October 27, 2024, and October 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has zero debt relative to its total assets in each of these periods. This suggests that Deere & Company has not relied on borrowing to finance its operations and investments during these years. A low or zero debt-to-assets ratio can be considered favorable as it signifies strong financial stability and solvency, indicating that the company has a strong asset base to support its operations without relying on debt financing. It also implies lower financial risk and interest expenses for the company. However, it is important to note that a zero debt-to-assets ratio may also indicate a conservative financial strategy, and it's essential to consider other financial metrics and industry benchmarks for a comprehensive analysis of Deere & Company's financial health.
Peer comparison
Oct 31, 2024