Discontinued — last reported Q4 '24
Production And Precision Agriculture — Interest Expense
Deere & Company Production And Precision Agriculture — Interest Expense remained flat by 0.0% to $55.25M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 21.6%, from $70.50M to $55.25M. Over 3 years (FY 2021 to FY 2024), Production And Precision Agriculture — Interest Expense shows an upward trend with a 38.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Rising interest expense relative to revenue suggests increasing leverage or higher borrowing costs, which can compress margins.
Detailed definition
This metric measures the cost of debt servicing incurred by the production and precision agriculture segment. It reflect...
Peer comparison
Standard metric across all capital-intensive industries to assess the cost of debt financing.
de_segment_production_and_precision_agriculture_interest_expenseHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | |
|---|---|---|---|---|
| Value | $84.00M | $122.00M | $282.00M | $221.00M |
| YoY Change | — | +45.2% | +131.1% | -21.6% |
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Frequently Asked Questions
- What is Deere & Company's production and precision agriculture — interest expense?
- Deere & Company (DE) reported production and precision agriculture — interest expense of $55.25M in Q3 2024.
- How has Deere & Company's production and precision agriculture — interest expense changed year-over-year?
- Deere & Company's production and precision agriculture — interest expense decreased by 21.6% year-over-year, from $70.50M to $55.25M.
- What is the long-term trend for Deere & Company's production and precision agriculture — interest expense?
- Over 3 years (2021 to 2024), Deere & Company's production and precision agriculture — interest expense has grown at a 38.1% compound annual growth rate (CAGR), from $84.00M to $221.00M.
- What does production and precision agriculture — interest expense mean?
- The total interest costs paid by the segment on its debt obligations.