Deere & Company (DE)
Debt-to-equity 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-equity 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 | 1.72 |
January 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $22,479,000K
= 0.00
Deere & Company's debt-to-equity ratio has shown a significant decrease over the period from May 1, 2022, to January 31, 2025. Starting at 1.72 on May 1, 2022, the ratio has steadily declined and remained at 0.00 from July 31, 2022, to January 31, 2025. This indicates that the company's reliance on debt relative to equity has decreased significantly or that it has no debt on its balance sheet during the later periods.
A debt-to-equity ratio of 0.00 typically suggests that a company is either using very little to no debt in its capital structure or has more equity than debt, resulting in a conservative financial position. A lower ratio is generally viewed positively by investors as it signifies lower financial risk and a stronger balance sheet.
Overall, the decreasing trend in Deere & Company's debt-to-equity ratio over the period reflects a conservative approach to financing and a potentially stronger financial position as a result of lower debt levels relative to equity.
Peer comparison
Jan 31, 2025