Is it safe?
Can DE take a bad year?
Deere & Company carries $12.9B of net debt at 1.47× EBITDA: a load its earnings can carry.
$12.9B
Net debt · as at Q3 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.47×
Net debt / EBITDA · 1.43× a year ago · the load is going up
- Interest cover
- 2.22×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 30%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ3 2026
- $23.2B
- Cash and short-term investments
- $10.3B
- Net debt
- $12.9B
- EBITDA, trailing twelve months
- $8.78B
- Operating profit, trailing twelve months
- $6.44B
- Debt / equity
- 0.83×
- Total debt / EBITDA
- 2.64×
- Annualised volatilitytwo years of daily moves
- 30%
- Worst drawdown on file
- −38%
- Below its 52-week high
- 2.5%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Farm & Heavy Construction Machinery
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