Deere Balance Sheet Health
Financial Health criteria checks 4/6
Deere has a total shareholder equity of $23.1B and total debt of $66.3B, which brings its debt-to-equity ratio to 286.5%. Its total assets and total liabilities are $107.8B and $84.7B respectively. Deere's EBIT is $13.3B making its interest coverage ratio 5.4. It has cash and short-term investments of $5.8B.
Key information
286.5%
Debt to equity ratio
US$66.32b
Debt
| Interest coverage ratio | 5.4x |
| Cash | US$5.80b |
| Equity | US$23.15b |
| Total liabilities | US$84.69b |
| Total assets | US$107.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DE's short term assets ($81.3B) exceed its short term liabilities ($39.1B).
Long Term Liabilities: DE's short term assets ($81.3B) exceed its long term liabilities ($45.6B).
Debt to Equity History and Analysis
Debt Level: DE's net debt to equity ratio (261.4%) is considered high.
Reducing Debt: DE's debt to equity ratio has reduced from 370.7% to 286.5% over the past 5 years.
Debt Coverage: DE's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: DE's interest payments on its debt are well covered by EBIT (5.4x coverage).