• Deere average debt/equity ratio for 2024 was 1.84, a 10.84% increase from 2023.
• Deere average debt/equity ratio for 2023 was 1.66, a 4.05% increase from 2022.
• Deere average debt/equity ratio for 2022 was 1.73, a 17.22% decline from 2021.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.