Deere & Company (DE)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 101,371,000 | 104,087,000 | 103,397,000 | 98,347,000 | 91,620,000 | 90,030,000 | 86,817,000 | 84,099,000 | 79,614,000 | 84,114,000 | 80,688,000 | 78,979,000 | 75,480,000 | 75,091,000 | 77,264,000 | 77,326,000 | 71,821,000 | 73,011,000 | 73,530,000 | 72,730,000 |
| 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 |
| Financial leverage ratio | 4.59 | 4.78 | 4.49 | 4.39 | 4.29 | 4.44 | 4.56 | 4.45 | 4.47 | 4.56 | 5.13 | 5.23 | 5.36 | 5.80 | 6.00 | 6.52 | 6.02 | 6.40 | 5.99 | 6.10 |
January 28, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $101,371,000K ÷ $22,075,000K
= 4.59
The financial leverage ratio of Deere & Co. has shown some fluctuations over the past eight quarters. The ratio was highest in Q4 2023 at 4.78 and lowest in Q1 2023 at 4.29. Generally, the ratio has been within the range of 4.29 to 4.78 during this period.
A financial leverage ratio above 4 indicates that Deere & Co. relies more on debt financing than equity financing to support its operations and growth. This can signify higher financial risk for the company, as higher levels of debt can lead to increased interest payments and potential solvency issues if not managed effectively.
It is important for investors and stakeholders to monitor changes in the financial leverage ratio over time to assess the company's ability to meet its debt obligations and evaluate its overall financial health and stability.
Peer comparison
Jan 28, 2024