Deere & Company (DE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 22,479,000 | 22,836,000 | 22,836,000 | 23,062,000 | 23,062,000 | 22,684,000 | 22,684,000 | 22,075,000 | 22,075,000 | 21,785,000 | 21,785,000 | 23,048,000 | 23,048,000 | 22,395,000 | 21,332,000 | 21,332,000 | 20,262,000 | 20,262,000 | 19,033,000 | 18,904,000 |
| Debt-to-capital 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 | 0.63 |
January 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $22,479,000K)
= 0.00
The debt-to-capital ratio of Deere & Company has shown a significant improvement over the analyzed period. Starting at 0.63 on May 1, 2022, the ratio decreased consistently to 0.00 by January 31, 2025. This indicates that the company has been successful in reducing its reliance on debt financing in relation to its total capital structure over time. A decreasing trend in the debt-to-capital ratio generally suggests a more conservative financial position and lower financial risk. Deere & Company's ability to lower its debt-to-capital ratio may reflect strong financial management and a focus on maintaining a healthy balance sheet.
Peer comparison
Jan 31, 2025