Deere & Company (DE)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 32,447,000 |
| Total assets | US$ in thousands | 103,119,000 | 107,320,000 | 107,320,000 | 107,841,000 | 107,841,000 | 105,628,000 | 105,628,000 | 101,371,000 | 101,371,000 | 104,087,000 | 104,087,000 | 103,397,000 | 103,397,000 | 98,347,000 | 91,620,000 | 91,620,000 | 90,030,000 | 90,030,000 | 86,817,000 | 84,099,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.39 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $103,119,000K
= 0.00
The debt-to-assets ratio of Deere & Company has shown a steady decline over the specified time period. Starting at 0.39 on May 1, 2022, the ratio decreased to 0.00 by July 31, 2022, and remained at 0.00 throughout the following quarters up to January 31, 2025. A decreasing trend in the debt-to-assets ratio indicates that the company has been reducing its reliance on debt financing in relation to its total assets, which can be a positive sign of financial stability and strength. This may suggest that Deere & Company has been effectively managing its debt levels and improving its financial health by increasing its asset base relative to its debt obligations.
Peer comparison
Jan 31, 2025