Deere & Company (DE)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 107,320,000 | 107,841,000 | 105,628,000 | 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 |
| 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 |
| Financial leverage ratio | 4.70 | 4.68 | 4.66 | 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 |
October 27, 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 displayed fluctuations over the provided time period, ranging from a low of 4.29 to a high of 6.52. The ratio indicates the company's level of financial leverage, representing the extent to which the firm relies on debt to finance its operations.
A higher financial leverage ratio suggests that a larger portion of the company's assets are funded by debt, indicating a higher financial risk due to the potential volatility in interest payments and debt obligations. Conversely, a lower ratio signifies a lower reliance on debt financing.
The trends in Deere & Company's financial leverage ratio show some variability, with occasional increases and decreases over time. It is important to closely monitor these changes to assess the company's financial stability, risk exposure, and ability to meet its debt obligations in the long term. Further analysis, considering other financial metrics and industry benchmarks, would provide a more comprehensive evaluation of the company's overall financial health.
Peer comparison
Oct 27, 2024