Deere & Company (DE)
Debt-to-equity ratio
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 22,836,000 | 23,062,000 | 22,684,000 | 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 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.72 | 1.84 | 1.78 | 2.05 | 2.21 | 2.33 | 2.53 | 2.64 | 2.89 | 2.56 |
October 27, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $22,836,000K
= 0.00
The debt-to-equity ratio of Deere & Company has shown fluctuation over the past few quarters. From February 2020 to July 2022, the ratio remained consistently low at 0.00, indicating that the company had no debt or a negligible amount in relation to its equity during that period.
However, starting from May 2022, the debt-to-equity ratio began to increase, reaching 1.72 in July 2022 and further rising to 2.56 by February 2023. This uptrend indicates that Deere & Company started to rely more on debt to finance its operations compared to its equity.
The ratio continued to rise over the next few quarters, reaching a peak of 2.89 in October 2023 before slightly decreasing in the subsequent quarters. As of October 2024, the debt-to-equity ratio stands at 0.00 again, which signifies a reversal in the trend of increasing leverage.
Overall, the recent fluctuations in the debt-to-equity ratio of Deere & Company suggest varying levels of reliance on debt financing in relation to equity. This ratio is an important indicator of the company's financial health and its ability to manage its capital structure effectively. It is essential for investors and stakeholders to monitor these trends to assess the company's financial risk and stability.
Peer comparison
Oct 27, 2024