Deere & Company (DE)
Debt-to-assets ratio
| 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 | Nov 3, 2019 | Jul 28, 2019 | Apr 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | 32,447,000 | 32,838,000 | 32,888,000 | 32,280,000 | 33,346,000 | 32,772,000 | 32,734,000 | 34,037,000 | 34,324,000 | 30,475,000 | — | 29,242,000 | 28,255,000 |
| Total assets | US$ in thousands | 101,371,000 | 104,087,000 | 103,397,000 | 98,347,000 | 91,620,000 | 90,030,000 | 86,817,000 | 84,099,000 | 79,614,000 | 84,114,000 | 80,688,000 | 78,979,000 | 75,480,000 | 75,091,000 | 77,264,000 | 77,326,000 | 71,821,000 | 73,011,000 | 73,530,000 | 72,730,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.39 | 0.41 | 0.39 | 0.40 | 0.42 | 0.43 | 0.44 | 0.44 | 0.44 | 0.42 | 0.00 | 0.40 | 0.39 |
January 28, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $101,371,000K
= 0.00
The debt-to-assets ratio of Deere & Co. has shown a consistent upward trend over the past eight quarters, indicating an increasing reliance on debt to finance its operations and investments. The ratio has increased from 0.58 in Q2 2022 to 0.62 in Q1 2024. This suggests that a larger portion of the company's assets is financed through debt, which could potentially pose higher financial risk due to the associated interest payments and repayment obligations. It is important for stakeholders to closely monitor this trend to assess the company's ability to manage its debt levels effectively and maintain financial stability.
Peer comparison
Jan 28, 2024