Deere Current Ratio vs Interest Coverage Analysis
| DE Stock | USD 393.80 3.47 0.87% |
Deere financial indicator trend analysis is much more than just examining Deere Company latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Deere Company is a good investment. Please check the relationship between Deere Current Ratio and its Interest Coverage accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deere Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Current Ratio vs Interest Coverage
Current Ratio vs Interest Coverage Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Deere Company Current Ratio account and Interest Coverage. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Deere's Current Ratio and Interest Coverage is -0.68. Overlapping area represents the amount of variation of Current Ratio that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Deere Company, assuming nothing else is changed. The correlation between historical values of Deere's Current Ratio and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Ratio of Deere Company are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Current Ratio i.e., Deere's Current Ratio and Interest Coverage go up and down completely randomly.
Correlation Coefficient | -0.68 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.Interest Coverage
Most indicators from Deere's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Deere Company current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deere Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. At present, Deere's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 15.01, whereas Selling General Administrative is forecasted to decline to about 2.7 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.1B | 2.5B | 2.8B | 3.0B | Depreciation And Amortization | 1.9B | 2.0B | 2.3B | 2.4B |
Deere fundamental ratios Correlations
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Deere Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Deere fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 75.1B | 84.1B | 90.0B | 104.1B | 119.7B | 125.7B | |
| Short Long Term Debt Total | 46.0B | 48.4B | 51.9B | 63.4B | 72.9B | 76.6B | |
| Other Current Liab | (1.5B) | (1.7B) | 10.0B | 11.5B | 13.3B | 13.9B | |
| Total Current Liabilities | 23.5B | 27.9B | 33.1B | 41.1B | 47.2B | 49.6B | |
| Total Stockholder Equity | 12.9B | 18.4B | 20.3B | 21.8B | 25.1B | 26.3B | |
| Property Plant And Equipment Net | 13.1B | 12.8B | 12.7B | 13.8B | 15.9B | 16.7B | |
| Net Debt | 38.9B | 40.4B | 47.1B | 56.0B | 64.3B | 67.6B | |
| Retained Earnings | 31.6B | 36.4B | 42.2B | 50.9B | 58.6B | 61.5B | |
| Cash | 7.1B | 8.0B | 4.8B | 7.5B | 8.6B | 9.0B | |
| Non Current Assets Total | 22.5B | 24.2B | 24.6B | 26.2B | 30.1B | 31.6B | |
| Non Currrent Assets Other | 3.3B | 5.6B | 6.0B | 2.5B | 2.9B | 2.0B | |
| Cash And Short Term Investments | 7.7B | 8.7B | 5.5B | 8.4B | 9.7B | 10.1B | |
| Net Receivables | 39.9B | 44.4B | 51.5B | 61.4B | 70.6B | 74.1B | |
| Liabilities And Stockholders Equity | 75.1B | 84.1B | 90.0B | 104.1B | 119.7B | 125.7B | |
| Non Current Liabilities Total | 38.7B | 37.8B | 36.5B | 41.1B | 47.3B | 49.7B | |
| Inventory | 5.0B | 6.8B | 8.5B | 8.2B | 9.4B | 9.9B | |
| Other Current Assets | 37.9B | 42.3B | 1.1B | 162M | 186.3M | 177.0M | |
| Other Stockholder Equity | (18.1B) | (20.5B) | (24.1B) | (31.3B) | (28.2B) | (26.8B) | |
| Total Liab | 62.1B | 65.7B | 69.7B | 82.2B | 94.5B | 99.3B | |
| Property Plant And Equipment Gross | 13.1B | 12.8B | 12.7B | 13.8B | 15.9B | 16.7B | |
| Total Current Assets | 52.6B | 60.0B | 65.5B | 77.9B | 89.6B | 94.1B | |
| Accumulated Other Comprehensive Income | (5.5B) | (2.5B) | (3.1B) | (3.1B) | (2.8B) | (2.9B) | |
| Short Term Debt | 13.3B | 15.5B | 18.3B | 24.9B | 28.7B | 30.1B | |
| Accounts Payable | 10.1B | 12.2B | 3.9B | 3.5B | 4.0B | 5.5B | |
| Intangible Assets | 1.3B | 1.3B | 1.2B | 1.1B | 1.3B | 1.4B | |
| Common Stock Total Equity | 4.6B | 4.9B | 5.1B | 5.2B | 5.9B | 3.6B | |
| Short Term Investments | 641M | 728M | 734M | 946M | 1.1B | 841.9M | |
| Common Stock | 4.9B | 5.1B | 5.2B | 5.3B | 6.1B | 3.7B | |
| Other Liab | 6.0B | 5.1B | 3.0B | 2.7B | 3.1B | 5.5B | |
| Other Assets | 3.4B | 31.2B | 7.1B | 6.1B | 7.1B | 6.2B | |
| Long Term Debt | 37.4B | 32.9B | 33.6B | 38.5B | 44.2B | 22.3B | |
| Treasury Stock | (16.3B) | (17.5B) | (18.1B) | (20.5B) | (18.5B) | (17.6B) | |
| Property Plant Equipment | 6.1B | 12.8B | 6.0B | 7.2B | 8.2B | 5.4B | |
| Current Deferred Revenue | 1.6B | 1.8B | 956M | 1.1B | 1.3B | 851.5M | |
| Good Will | 3.1B | 3.3B | 3.7B | 3.9B | 4.5B | 4.7B | |
| Net Tangible Assets | 8.5B | 13.9B | 15.4B | 16.3B | 18.7B | 19.7B | |
| Noncontrolling Interest In Consolidated Entity | 3.4M | 4M | 7M | 3M | 2.7M | 2.6M | |
| Retained Earnings Total Equity | 29.9B | 31.6B | 36.4B | 42.2B | 48.6B | 26.4B | |
| Long Term Debt Total | 34.6B | 37.4B | 37.5B | 33.6B | 38.6B | 29.0B |
Deere Investors Sentiment
The influence of Deere's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Deere. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Deere's public news can be used to forecast risks associated with an investment in Deere. The trend in average sentiment can be used to explain how an investor holding Deere can time the market purely based on public headlines and social activities around Deere Company. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Deere's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Deere's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Deere's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Deere.
Deere Implied Volatility | 36.58 |
Deere's implied volatility exposes the market's sentiment of Deere Company stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Deere's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Deere stock will not fluctuate a lot when Deere's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Deere in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Deere's short interest history, or implied volatility extrapolated from Deere options trading.
Pair Trading with Deere
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Deere position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Deere will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Deere could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deere when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Deere - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Deere Company to buy it.
The correlation of Deere is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Deere moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deere Company moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Deere can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deere Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Deere Company information on this page should be used as a complementary analysis to other Deere's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Deere Stock analysis
When running Deere's price analysis, check to measure Deere's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Deere is operating at the current time. Most of Deere's value examination focuses on studying past and present price action to predict the probability of Deere's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Deere's price. Additionally, you may evaluate how the addition of Deere to your portfolios can decrease your overall portfolio volatility.
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Is Deere's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Deere. If investors know Deere will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Deere listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 5.32 | Earnings Share 34.3 | Revenue Per Share 211.12 | Quarterly Revenue Growth (0.04) |
The market value of Deere Company is measured differently than its book value, which is the value of Deere that is recorded on the company's balance sheet. Investors also form their own opinion of Deere's value that differs from its market value or its book value, called intrinsic value, which is Deere's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Deere's market value can be influenced by many factors that don't directly affect Deere's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Deere's value and its price as these two are different measures arrived at by different means. Investors typically determine if Deere is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Deere's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.