Deere & Company
DECompany Overview
Deere & Co. engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts. The Construction and Forestry segment offers machines and service parts used in construction, earthmoving, road building, material handling and timber harvesting. The Financial Services segment finances sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment. The company was founded by John Deere in 1837 and is headquartered in Moline, IL.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | Deere & Company |
| Ticker | DE |
| Main Business | Agricultural Machinery |
| Type | Securities |
| Industry | Farm & Heavy Construction Machinery |
| Country | US |
| Market Cap | $110.79 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Net sales | $47,917.0 | $0.0 | - |
| Finance and interest income | $3,365.0 | $3,365.0 | Interest-related gains |
| Other income | $1,295.0 | $303.0 | Consists of insurance premiums and undefined investment income and others |
| Total | $52,577.0 | $3,668.0 | 6.98% (failed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| current debt and capital lease obligation | $22,230,000,000.0 | 20.07% |
| long term debt and capital lease obligation | $43,230,000,000.0 | 39.02% |
| Total Interest-Bearing Debt | $65,460,000,000.0 | 59.09% |
| Market Capitalization | $110,785,629,400.0 | 100.00% |
| Compliance Status | Threshold: 33% | failed |