Deere & Company (DE)
Debt-to-assets ratio
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 32,888,000 | 32,734,000 | — |
| Total assets | US$ in thousands | 104,087,000 | 90,030,000 | 84,114,000 | 75,091,000 | 73,011,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.39 | 0.44 | 0.00 |
October 29, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $104,087,000K
= 0.00
The debt-to-assets ratio measures the proportion of a company's assets that are financed by debt. For Deere & Co., the ratio has exhibited some fluctuation over the past five years. In 2023, the ratio stands at 0.61, indicating that 61% of the company's assets are financed by debt. This represents a slight increase from the previous year's ratio of 0.58.
The upward trend in the debt-to-assets ratio suggests that Deere & Co. may be relying more on debt financing to support its operations and investment activities. While a higher ratio may indicate increased financial risk, it could also signal that the company is leveraging its capital structure to fund growth opportunities or capitalize on favorable borrowing conditions. It is crucial for stakeholders to monitor this trend closely to assess the company's ability to manage and service its debt obligations effectively.
Peer comparison
Oct 29, 2023