Deere & Company (DE)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 103,119,000 | 107,320,000 | 107,320,000 | 107,841,000 | 107,841,000 | 105,628,000 | 105,628,000 | 101,371,000 | 101,371,000 | 104,087,000 | 104,087,000 | 103,397,000 | 103,397,000 | 98,347,000 | 91,620,000 | 91,620,000 | 90,030,000 | 90,030,000 | 86,817,000 | 84,099,000 |
| 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 |
| Financial leverage ratio | 4.59 | 4.70 | 4.70 | 4.68 | 4.68 | 4.66 | 4.66 | 4.59 | 4.59 | 4.78 | 4.78 | 4.49 | 4.49 | 4.39 | 4.29 | 4.29 | 4.44 | 4.44 | 4.56 | 4.45 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $103,119,000K ÷ $22,479,000K
= 4.59
The financial leverage ratio of Deere & Company has shown some fluctuations over the period from May 1, 2022, to January 31, 2025. The ratio measures the level of debt financing relative to equity and indicates the company's reliance on debt to fund its operations and growth.
The financial leverage ratio ranged from a high of 4.78 in October 29, 2023, to a low of 4.29 in both January 29, 2023, and January 31, 2023, suggesting some variability in the company's capital structure during the period under consideration.
Overall, the ratio remained relatively stable around the range of 4.29 to 4.78, with slight fluctuations in between. It is important to note that a higher financial leverage ratio indicates a higher level of financial risk due to increased debt obligations and interest payments, while a lower ratio may signify a more conservative financial position.
Further analysis and comparison with industry peers or historical data would provide a more comprehensive understanding of Deere & Company's capital structure and financial risk management strategies.
Peer comparison
Jan 31, 2025