Deere (DE) Cash-to-Debt

: 0.10 (As of Jan. 2024)

View and export this data going back to 1958. Start your Free Trial

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Deere's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.10.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Deere couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Deere's Cash-to-Debt or its related term are showing as below:

DE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.12 Max: 0.24
Current: 0.1

During the past 13 years, Deere's highest Cash to Debt Ratio was 0.24. The lowest was 0.09. And the median was 0.12.

DE's Cash-to-Debt is ranked worse than
86.96% of 207 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.62 vs DE: 0.10

Deere Cash-to-Debt Historical Data

The historical data trend for Deere's Cash-to-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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Deere Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

0.10

0.17

0.18

0.11

0.13

Deere Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt																0.09	0.11	0.12	0.13	0.10

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Deere's Cash-to-Debt, along with its competitors' market caps and Cash-to-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 Cash-to-Debt Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, Deere's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Deere's Cash-to-Debt falls into.

Deere Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Deere's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	8404	/	(25215	+	38477)
	=	0.13

Deere's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	6273	/	(23526	+	39933)
	=	0.10

Deere (NYSE:DE) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Deere Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Deere's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Deere (DE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Deere & Co (NYSE:DE) » Definitions » Cash-to-Debt

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