Deere & Company (DE)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
October 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $22,836,000K
= 0.00
Based on the provided data, Deere & Company has consistently maintained a debt-to-equity ratio of 0.00 over the past several years, including as of October 31, 2024. This indicates that the company has no debt or a very minimal amount relative to its equity. A debt-to-equity ratio of 0.00 signifies that the company relies primarily on equity financing rather than debt to fund its operations and growth. It suggests a conservative financial structure and low financial risk, as there is no significant leverage contributing to the company's capital structure. Investors and creditors may view a low or zero debt-to-equity ratio favorably, as it implies a strong financial position and financial stability.
Peer comparison
Oct 31, 2024