|Bid||191.51 x 1000|
|Ask||192.31 x 1100|
|Day's Range||189.59 - 192.82|
|52 Week Range||106.14 - 195.85|
|Beta (5Y Monthly)||0.98|
|PE Ratio (TTM)||21.82|
|Earnings Date||Aug 21, 2020|
|Forward Dividend & Yield||3.04 (1.57%)|
|Ex-Dividend Date||Jun 29, 2020|
|1y Target Est||171.65|
Over the past three months, shares of Deere Inc. (NYSE: DE) moved higher by 39.23%. Before we understand the importance of debt, let's look at how much debt Deere has.Deere's Debt Based on Deere's balance sheet as of May 28, 2020, long-term debt is at $38.96 billion and current debt is at $11.18 billion, amounting to $50.14 billion in total debt. Adjusted for $8.90 billion in cash-equivalents, the company's net debt is at $41.24 billion.To understand the degree of financial leverage a company has, shareholders look at the debt ratio. Considering Deere's $77.33 billion in total assets, the debt-ratio is at 0.65. As a rule of thumb, a debt-ratio more than 1 indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 25% might be higher for one industry, whereas average for another.Why Shareholders Look At Debt? Besides equity, debt is an important factor in the capital structure of a company, and contributes to its growth. Due to its lower financing cost compared to equity, it becomes an attractive option for executives trying to raise capital.Interest-payment obligations can impact the cash-flow of the company. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital.See more from Benzinga * Stocks That Hit 52-Week Highs On Tuesday * Stocks That Hit 52-Week Highs On Monday * Stocks That Hit 52-Week Highs On Wednesday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Deere & Company is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
On CNBC's "Options Action," Carter Worth spoke about Deere & Company (NYSE: DE) from a technical standpoint. He said that the stock is trading close to its resistance and he expects it to break out on the upside and move to $200 after earnings.Deere & Company is going to report earnings on August 21, before the market opens and Mike Khouw wants to use options to make a bullish bet. He wants to sell the August $195 call for $1.10 and buy the September $185 call for $6.75. Total cost for the trade is $5.65. If the stock rallies above $195 on the earnings day, Khouw's maximal profit is going to be $4.35.If the stock trades below $195 at the August 21 expiration, the short call is going to expire worthless and the breakeven price for the long call is going to be $190.65.See more from Benzinga * Cramer Gives His Opinion On Datadog, Alcoa And More * 'Fast Money Halftime Report' Picks For August 5: Deere, Moderna And More * 'Halftime Report' Traders Share Their Thoughts On Deere, Square And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.