Deere & Company (DE)
Debt-to-assets ratio
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total assets | US$ in thousands | 107,320,000 | 107,841,000 | 105,628,000 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 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 |
October 27, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $107,320,000K
= 0.00
Deere & Company's debt-to-assets ratio has remained consistently low over the past several quarters, indicating a strong financial position with minimal reliance on debt to finance its operations. The ratio has been consistently at 0.00 for the most recent four quarters, which suggests that the company's total debt is negligible in relation to its total assets.
However, it is worth noting that there was a slight increase in the debt-to-assets ratio in the previous quarters, with ratios ranging from 0.39 to 0.44. This uptrend may indicate a potential increase in the company's debt levels relative to its assets during that time period. Nevertheless, the ratios are still within a reasonable range and do not raise significant concerns about Deere & Company's financial stability.
Overall, the low and stable debt-to-assets ratio of Deere & Company reflects a conservative capital structure and a healthy balance sheet, positioning the company well to weather economic uncertainties and pursue growth opportunities.
Peer comparison
Oct 27, 2024