Deere (DE) Interest Expense : $-2,776 Mil (TTM As of Jan. 2024)

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What is Deere Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Deere's interest expense for the three months ended in Jan. 2024 was $ -802 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-2,776 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Deere's Operating Income for the three months ended in Jan. 2024 was $ 2,678 Mil. Deere's Interest Expense for the three months ended in Jan. 2024 was $ -802 Mil. Deere's Interest Coverage for the quarter that ended in Jan. 2024 was 3.34. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Deere Interest Expense Historical Data

The historical data trend for Deere's Interest Expense 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.

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Deere Interest Expense Chart

Deere Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Interest Expense

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-1,466.00

-1,247.00

-993.00

-1,062.00

-2,453.00

Deere Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-479.00	-569.00	-623.00	-782.00	-802.00

Deere Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2,776 Mil.

Deere (NYSE:DE) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Deere's Interest Expense for the three months ended in Jan. 2024 was $-802 Mil. Its Operating Income for the three months ended in Jan. 2024 was $2,678 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $39,933 Mil.

Deere's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	2678	/	-802
	=	3.34

The higher the ratio, the stronger the company's financial strength is.

Deere (DE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Deere & Co (NYSE:DE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

DE:Mexico 1DE:Italy DCOd:UK DCO:Germany DEEC34:Brazil DEER:Austria DE:Argentina

Address

One John Deere Place, Moline, IL, USA, 61265

Website

https://www.deere.com

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