Deere & Company (DE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 22,075,000 | 21,785,000 | 23,048,000 | 22,395,000 | 21,332,000 | 20,262,000 | 19,033,000 | 18,904,000 | 17,804,000 | 18,431,000 | 15,731,000 | 15,092,000 | 14,083,000 | 12,937,000 | 12,888,000 | 11,864,000 | 11,926,000 | 11,413,000 | 12,266,000 | 11,919,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.63 | 0.65 | 0.64 | 0.67 | 0.69 | 0.70 | 0.72 | 0.73 | 0.74 | 0.72 | 0.00 | 0.70 | 0.70 |
January 28, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $22,075,000K)
= 0.00
The debt-to-capital ratio of Deere & Co. has been relatively stable over the past eight quarters, ranging from 0.72 to 0.74. This ratio indicates that, on average, approximately 72% to 74% of the company's capital structure is financed by debt. The consistency of the ratio suggests that Deere & Co. has maintained a balanced mix of debt and equity in its capital structure during this period. It is important to monitor this ratio over time to ensure that the company's debt levels remain sustainable and in line with its overall financial health and capital structure objectives.
Peer comparison
Jan 28, 2024