Deere Balance Sheet Health
Financial Health criteria checks 4/6
Deere has a total shareholder equity of $22.2B and total debt of $63.8B, which brings its debt-to-equity ratio to 287.5%. Its total assets and total liabilities are $101.4B and $79.2B respectively. Deere's EBIT is $15.3B making its interest coverage ratio 6.3. It has cash and short-term investments of $3.8B.
Key information
287.5%
Debt to equity ratio
US$63.78b
Debt
Interest coverage ratio | 6.3x |
Cash | US$3.83b |
Equity | US$22.18b |
Total liabilities | US$79.19b |
Total assets | US$101.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DE's short term assets ($75.5B) exceed its short term liabilities ($36.3B).
Long Term Liabilities: DE's short term assets ($75.5B) exceed its long term liabilities ($42.9B).
Debt to Equity History and Analysis
Debt Level: DE's net debt to equity ratio (270.3%) is considered high.
Reducing Debt: DE's debt to equity ratio has reduced from 381.5% to 287.5% over the past 5 years.
Debt Coverage: DE's debt is not well covered by operating cash flow (14%).
Interest Coverage: DE's interest payments on its debt are well covered by EBIT (6.3x coverage).