Deere & Company (DE)
Debt-to-capital ratio
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 22,836,000 | 22,836,000 | 21,785,000 | 21,785,000 | 20,262,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
October 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $22,836,000K)
= 0.00
Based on the data provided, Deere & Company has consistently maintained a debt-to-capital ratio of 0.00 across multiple periods, including as of October 31, 2022, October 29, 2023, October 31, 2023, October 27, 2024, and October 31, 2024.
A debt-to-capital ratio of 0.00 indicates that the company has no debt in relation to its capital structure during these periods. This could imply that Deere & Company has either paid off all its debt obligations or primarily relies on equity financing for its operations.
A low or zero debt-to-capital ratio can be viewed positively as it suggests lower financial risk, lower interest expenses, and potentially more financial flexibility. However, it's essential to consider other financial metrics and factors to have a comprehensive understanding of the company's overall financial health and capital structure strategies.
Peer comparison
Oct 31, 2024