Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Deere's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $3,208 Mil. Deere's average total debt for the quarter that ended in Jan. 2024 was $63,576 Mil. Therefore, Deere's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 5.05%.
Deere Effective Interest Rate on Debt % Historical Data
The historical data trend for Deere's Effective Interest Rate on Debt % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
|
Deere Annual Data
|
|
Trend |
Oct14 |
Oct15 |
Oct16 |
Oct17 |
Oct18 |
Oct19 |
Oct20 |
Oct21 |
Oct22 |
Oct23 |
| Effective Interest Rate on Debt % |
|
|
|
|
|
|
3.35 |
2.72 |
2.09 |
2.11 |
4.23 |
|
Deere Quarterly Data
|
|
Apr19 |
Jul19 |
Oct19 |
Jan20 |
Apr20 |
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
Jan24 |
| Effective Interest Rate on Debt % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.60 |
4.04 |
4.13 |
4.97 |
5.05 |
Competitive Comparison
For the Farm & Heavy Construction Machinery subindustry, Deere's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Deere Effective Interest Rate on Debt % Distribution
For the Farm & Heavy Construction Machinery industry and Industrials sector, Deere's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Deere's Effective Interest Rate on Debt % falls into.
Deere Effective Interest Rate on Debt % Calculation
Deere's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as
| Effective Interest Rate on Debt % |
| = | -1 * Interest Expense | / | ( (Total Debt (A: Oct. 2022 ) | + | Total Debt (A: Oct. 2023 )) | / count ) |
| = | -1 * -2453 | / | ( (52201 | + | 63692) | / 2 ) |
| = | -1 * -2453 | / | 57946.5 |
| = | 4.23 % |
where
Deere's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as
| Effective Interest Rate on Debt % |
| = | -1 * Interest Expense | / | ( (Total Debt (Q: Oct. 2023 ) | + | Total Debt (Q: Jan. 2024 )) | / count ) |
| = | -1 * -3208 | / | ( (63692 | + | 63459) | / 2 ) |
| = | -1 * -3208 | / | 63575.5 |
| = | 5.05 % |
where
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data,
the Interest Expense data used here is four times the quarterly (Jan. 2024) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Deere (DE) Business Description
Traded in Other Exchanges
Address
One John Deere Place, Moline, IL, USA, 61265
Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.
Executives
| Deanna M Kovar |
officer: Pres Ag & Turf, Sml Ag & Turf |
ONE JOHN DEERE PLACE, MOLINE IL 61265 |
| Ryan D Campbell |
officer: Senior Vice President & CFO |
ONE JOHN DEERE PLACE, MOLINE IL 61265 |
| Laurence Neil Hunn |
director |
100 NORTH POINT CENTER EAST, SUITE 200, ALPHARETTA GA 30022 |
| Reed Cory J |
officer: Pres., John Deere Financial |
DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265 |
| May John C Ii |
officer: President, Ag Solutions & CIO |
DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265 |
| Pentz Markwart Von |
officer: Pres.Ag Div.Europe,Africa,SA |
DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265 |
| Tami A. Erwin |
director |
1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036 |
| Jahmy J Hindman |
officer: Sr VP & Chief Technology Offcr |
ONE JOHN DEERE PLACE, MOLINE IL 61265 |
| Marc A Howze |
officer: Sr. VP & Chief Admin Offcr |
DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265 |
| Justin Ryan Rose |
officer: Pres, L.C. Sol, Cus Sup & S.M. |
ONE JOHN DEERE PLACE, MOLINE IL 61265 |
| Joshua A Jepsen |
officer: Senior V.P. & CFO |
ONE JOHN DEERE PLACE, MOLINE IL 61265 |
| Felecia J. Pryor |
officer: Snr V.P. & Chief People Offcr |
3850 W. HAMLIN ROAD, AUBURN HILLS MI 48326 |
| John H Stone |
officer: Pres., WW Const & For & Pow Sy |
C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032 |
| Leanne G Caret |
director |
1000 WILSON BLVD, ARLINGTON VA 22209 |
| Rajesh Kalathur |
officer: Sr. VP and CFO |
DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265 |
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