Deere & Company (DE)
Financial leverage ratio
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 107,320,000 | 107,320,000 | 104,087,000 | 104,087,000 | 90,030,000 |
| Total stockholders’ equity | US$ in thousands | 22,836,000 | 22,836,000 | 21,785,000 | 21,785,000 | 20,262,000 |
| Financial leverage ratio | 4.70 | 4.70 | 4.78 | 4.78 | 4.44 |
October 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $107,320,000K ÷ $22,836,000K
= 4.70
The financial leverage ratio of Deere & Company has shown a slight increase from 4.44 in October 31, 2022, to 4.78 in October 29, 2023, where it remained steady at 4.78 in October 31, 2023. Subsequently, a minor decrease was noted to 4.70 in both October 27, 2024, and October 31, 2024. Overall, the company's financial leverage ratio has fluctuated within a narrow range over the specified period, indicating a relatively stable capital structure with moderate reliance on debt financing.
Peer comparison
Oct 31, 2024
Company name
Symbol
Financial leverage ratio
Deere & Company
DE
4.70
AGCO Corporation
AGCO
2.99
Alamo Group Inc
ALG
1.42
Lindsay Corporation
LNN
1.58