A Look Into Deere's Debt
Portfolio Pulse from Benzinga Insights
Deere Inc.'s total debt stands at $58.10 billion, with $40.99 billion in long-term debt and $17.11 billion in current debt. After adjusting for $5.27 billion in cash-equivalents, the company's net debt is $52.83 billion. The company's debt-ratio is 0.59, indicating a significant portion of its assets are funded by debt. The company's shares have risen by 15.49% in the past three months.
July 21, 2023 | 3:30 pm
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NEUTRAL IMPACT
Deere Inc.'s high debt levels could pose a risk if interest rates increase. However, the company's shares have been performing well, with a 15.49% increase over the past three months.
Deere Inc.'s high debt levels indicate a significant portion of its assets are funded by debt, which could pose a risk if interest rates were to increase. However, the company's shares have been performing well, indicating investor confidence despite the high debt levels.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100