Deere & Company balance sheet

At the end of fiscal 2025, Deere & Company had total assets of $106.00bn, total liabilities of $79.99bn and shareholders' equity of $25.95bn. It held $8.28bn in cash against $13.80bn of debt: net debt of $5.52bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Deere & Company: balance sheet, annual
Fiscal year	2009Oct 2009	2010Oct 2010	2011Oct 2011	2012Oct 2012	2013Oct 2013	2014Oct 2014	2015Nov 2015	2016Oct 2016	2017Oct 2017	2018Oct 2018	2019Nov 2019	2020Nov 2020	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Oct 2024	2025Nov 2025	LTMAug 2026
Cash and equivalents	4.7	3.8	3.6	4.7	3.5	3.8	4.2	4.3	9.3	3.9	3.9	7.1	8.0	4.8	7.5	7.3	8.3	8.9
Inventory	2.4	3.1	4.4	5.2	4.9	4.2	3.8	3.3	3.9	6.1	6.0	5.0	6.8	8.5	8.2	7.1	7.4	7.8
Goodwill	1.0	1.0	1.0	0.9	0.8	0.8	0.7	0.8	1.0	3.1	2.9	3.1	3.3	3.7	3.9	4.0	4.2	4.5
Total assets	41.1	43.3	48.2	56.3	59.5	61.3	57.9	58.0	65.8	70.1	73.0	75.1	84.1	90.0	104.1	107.3	106.0	107.6
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	8.6	10.9	12.6	17.9	13.5	13.8	17.1
Long-term debt	17.4	16.8	17.0	22.5	21.6	24.4	23.8	23.7	25.9	27.2	30.2	32.7	32.9	—	—	—	—	—
Total debt	17.4	16.8	17.0	22.5	21.6	24.4	23.8	23.7	25.9	27.2	30.2	41.3	43.8	12.6	17.9	13.5	13.8	17.1
Total liabilities	36.3	37.0	41.4	49.4	49.3	52.3	51.2	51.4	56.2	58.8	61.6	62.1	65.7	69.7	82.2	84.4	80.0	79.6
Shareholders' equity	4.8	6.3	6.8	6.8	10.3	9.1	6.8	6.5	9.6	11.3	11.4	12.9	18.4	20.3	21.8	22.8	26.0	28.0
Net debt (negative = net cash)	12.7	13.0	13.3	17.8	18.1	20.6	19.7	19.4	16.6	23.3	26.4	34.3	35.8	7.8	10.5	6.2	5.5	8.2
Shares outstanding	—	—	—	—	—	—	—	—	—	—	—	—	—	—	282m	272m	270m	—

US$ billions unless shown otherwise. Fiscal quarters.

Deere & Company: balance sheet, quarterly
Quarter	2024 Q4Oct 2024	2025 Q1Jan 2025	2025 Q2Apr 2025	2025 Q3Jul 2025	2025 Q4Nov 2025	2026 Q1Feb 2026	2026 Q2May 2026	2026 Q3Aug 2026
Inventory	7.1	7.7	7.9	7.7	7.4	8.3	8.2	7.8
Goodwill	4.0	3.9	4.1	4.2	4.2	4.3	4.5	4.5
Total assets	107.3	103.1	106.3	107.8	106.0	103.4	107.0	107.6
Short-term debt	13.5	12.8	15.9	14.6	13.8	14.4	15.6	17.1
Total debt	13.5	12.8	15.9	14.6	13.8	14.4	15.6	17.1
Total liabilities	84.4	80.6	81.9	82.6	80.0	77.1	79.5	79.6
Shareholders' equity	22.8	22.5	24.3	25.2	26.0	26.3	27.4	28.0
Shares outstanding	272m	—	—	—	270m	—	—	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: CNH vs DE AGCO vs DE DE vs TTC

More: Agricultural & Farm Machinery stocks compared, Industrials sector, rankings of US companies

Figures from Deere & Company's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Deere & Company.