Deere & Co.

Halal Rating :
Uncomfortable
Last Price $465
Market Cap $126.45b
1D Change

-1.2 %

1 Year Change

24.48 %

Next Earnings Date

Yet to be announced

Company Overview

Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services.

Revenue Sources

Pass

After reviewing Deere & Company's financial statements and business operations, their core revenue streams come from manufacturing and selling agricultural, construction, and forestry equipment, along with related parts and services. These are halal business activities. While the company does have a financial services segment, it primarily supports the sale and lease of their equipment rather than operating as a conventional interest-based lender.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Oct. 27, 2024 $11.14b $9.62b - $870.0m 0.00% 9.04%
July 28, 2024 $13.15b $10.8b - $840.0m 0.00% 7.78%
April 28, 2024 $15.23b $12.12b - $836.0m 0.00% 6.90%
Jan. 28, 2024 $12.19b $9.97b - $802.0m 0.00% 8.04%

Based on the provided financial data, interest expenses represent a significant portion of total expenses across all four quarters. The interest expense to total expense ratio consistently exceeds our comfort threshold, indicating that interest plays a material role in the company's operations.

Operational Ethics

Pass

Based on public information and SEC filings, while Deere & Company operates globally, there is no evidence of significant ongoing collaboration with entities involved in human rights violations. The company maintains standard business operations in various international markets but does not appear to have material ties to entities of concern.

Rating Justification

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