Is John Deere in debt? (2024)

Is John Deere in debt?

Total debt on the balance sheet as of January 2024 : $63.45 B. According to Deere & Company's latest financial reports the company's total debt is $63.45 B. A company's total debt is the sum of all current and non-current debts.

What is Deere cost of debt?

As of Jan. 2024, Deere's interest expense (positive number) was $2776 Mil. Its total Book Value of Debt (D) is $60416.8 Mil. Cost of Debt = 2776 / 60416.8 = 4.5947%.

What is the long term debt of Deere?

Deere long term debt for the quarter ending January 31, 2024 was $39.933B, a 13.86% increase year-over-year. Deere long term debt for 2023 was $38.477B, a 14.53% increase from 2022. Deere long term debt for 2022 was $33.596B, a 2.15% increase from 2021.

What is the financial outlook for John Deere?

Net income attributable to Deere & Company for fiscal 2024 is forecasted to be in a range of $7.50 billion to $7.75 billion. “Moving forward, we expect fleet replenishment to moderate as agricultural fundamentals normalize from record levels in 2022 and 2023,” May said.

Why is John Deere dropping?

Deere stock was dropping after the company reported better-than-expected fiscal first-quarter earnings. Guidance, however, was pushing the stock lower. Deere on Thursday announced earnings per share of $6.23 from machinery sales of $10.4 billion.

How much cash does John Deere have?

Cash on Hand as of January 2024 : $6.27 B

According to Deere & Company's latest financial reports the company has $6.27 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.

Is Deere a good investment?

Deere has 6.93% upside potential, based on the analysts' average price target. Deere has a conensus rating of Moderate Buy which is based on 10 buy ratings, 7 hold ratings and 0 sell ratings. The average price target for Deere is $424.81.

Is John Deere a stable company?

Fitch has affirmed the long-term and short-term IDRs of John Deere Capital Corporation (JDCC) and its rated subsidiaries at 'A+' and 'F1', respectively. The Rating Outlook is Stable.

Who is the largest investor in John Deere?

Deere's Largest Shareholder, Bill Gates, Now Owns More Than 10%

How profitable is John Deere?

Deere net income for the twelve months ending January 31, 2024 was $9.958B, a 21.63% increase year-over-year. Deere annual net income for 2023 was $10.166B, a 42.56% increase from 2022. Deere annual net income for 2022 was $7.131B, a 19.59% increase from 2021.

Is John Deere a good long term stock?

Deere & Company - Hold

Valuation metrics show that Deere & Company may be fairly valued. Its Value Score of C indicates it would be a neutral pick for value investors. The financial health and growth prospects of DE, demonstrate its potential to perform inline with the market. It currently has a Growth Score of D.

What does John Deere make the most money from?

By 2022, the company employed over 82,000 people, and spent about 1.9 billion U.S. dollars on research and development. John Deere generates the majority of its revenue from its production and precision agricultural segment. As of 2022, John Deere was the leading farm machinery manufacturer worldwide.

Is John Deere a buy sell or hold?

Is Deere stock a Buy, Sell or Hold? Deere stock has received a consensus rating of buy. The average rating score is and is based on 50 buy ratings, 25 hold ratings, and 0 sell ratings.

Is John Deere in financial trouble?

Agricultural and construction equipment maker Deere exceeded profit and sales forecasts for its first quarter of fiscal 2024, though its revenue fell 8% from a year earlier. The company lowered its full-year guidance in anticipation of customers holding off on replenishing their fleets.

Why are farmers boycotting John Deere?

Farmers are gaining ground against John Deere's strict repair rules in a key right-to-repair battle. Right to Repair advocates believe consumers should be able to repair things they purchased, either themselves or at the repair shop they choose.

Why do people still buy John Deere?

John Deere is known for its innovation. Since 1837, for example, the company has designed almost 700 different tractors! John Deere is continually working to make its products better for customers.

How much does Bill Gates own in John Deere?

Microsoft Corp (MSFT. O) co-founder Bill Gates' investment vehicle Cascade Investment LLC has become the largest shareholder in farm machinery maker Deere & Co (DE. N), with a 5% stake, according to a regulatory filing.

What does the CEO of John Deere get paid?

Deere's CEO is John May, appointed in Nov 2019, has a tenure of 4.42 years. total yearly compensation is $26.72M, comprised of 6% salary and 94% bonuses, including company stock and options. directly owns 0.038% of the company's shares, worth $42.30M.

How much did John Deere CEO make?

Of this total $1,591,674 was received as a salary, $5,911,159 was received as a bonus, $5,733,640 was received in stock options, $12,446,367 was awarded as stock and $602,964 came from other types of compensation. This information is according to proxy statements filed for the 2023 fiscal year.

What Company did John Deere just buy?

MOLINE, Illinois (July 14, 2023) — Deere & Company (NYSE: DE) has acquired Smart Apply, Inc., a precision spraying equipment company based in Indianapolis, Indiana.

Why is John Deere so expensive?

A key component of a John Deere compact tractor's value is its durability. These tractors are built to last for years to come. Unlike other tractor brands, the materials used to build the tractors include high-quality polymers. Instead of using metal, the hood and fender of the tractor are constructed from plastic.

Which stock is better John Deere or Caterpillar?

Deere shares are up 5% over the last three months and down 4% over the last 12 months. Meanwhile, Caterpillar stock has soared 38% over the last three months, pulling its one-year return into the green at 33%. After Caterpillar's sizable rally over the last few months, it's trading at a significant premium to Deere.

What is a weakness of John Deere?

Weaknesses. Dependence on Agricultural Market Cycles: Deere & Co's performance is closely tied to the cyclical nature of the agricultural sector. Fluctuations in commodity prices, farm incomes, and overall economic conditions can significantly impact equipment sales.

Is John Deere still American owned?

Deere & Company, doing business as John Deere (/ˈdʒɒnˈdɪər/), is an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, and lawn care equipment.

Who took over John Deere?

The second son of John Deere, Charles Deere, took over leadership in 1886 before his father's passing that same year.