Terex Corporation (TEX)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 388,000 | 352,000 | 319,300 | 364,900 | 371,000 | 352,300 | 297,700 | 254,200 | 304,100 | 231,700 | 253,300 | 218,400 | 266,900 | 553,200 | 542,200 | 572,900 | 665,000 | 508,300 | 426,000 | 511,300 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | -8,200 | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,073,000 | 996,000 | 1,087,900 | 1,105,200 | 1,119,000 | 1,062,100 | 1,073,600 | 1,050,500 | 998,600 | 952,700 | 955,000 | 919,500 | 909,900 | 939,800 | 945,000 | 838,000 | 723,300 | 681,000 | 675,600 | 775,600 |
| Cash ratio | 0.36 | 0.35 | 0.29 | 0.33 | 0.33 | 0.33 | 0.28 | 0.24 | 0.30 | 0.24 | 0.26 | 0.24 | 0.29 | 0.59 | 0.57 | 0.68 | 0.92 | 0.75 | 0.63 | 0.66 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($388,000K
+ $—K)
÷ $1,073,000K
= 0.36
The cash ratio of Terex Corporation exhibits fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. Initially standing at 0.66 on March 31, 2020, it decreased to 0.63 by June 30, 2020. Subsequently, there was an upward trend seen as the ratio improved to 0.92 by December 31, 2020. However, from March 31, 2021, to June 30, 2021, there was a decline to 0.57, followed by a modest increase to 0.59 by September 30, 2021.
Thereafter, on December 31, 2021, there was a notable decrease in the cash ratio to 0.29, signifying decreased liquidity. The ratio remained relatively low until reaching its lowest point on March 31, 2022, at 0.24. Despite a minor increase to 0.26 by June 30, 2022, the ratio remained below previous levels. From September 30, 2022, to December 31, 2022, there was a slight improvement to 0.30, which was sustained until March 31, 2023.
During the subsequent quarters, the cash ratio experienced fluctuations within a narrow range, ranging from 0.24 on March 31, 2023, up to 0.36 on December 31, 2024. Overall, the cash ratio of Terex Corporation indicates fluctuations in liquidity levels, with a mix of upward and downward trends observed throughout the period.