Terex Corporation (TEX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,320,000 | 2,245,000 | 1,962,000 | 1,767,800 | 1,878,600 |
| Total current liabilities | US$ in thousands | 1,073,000 | 1,119,000 | 998,600 | 909,900 | 723,300 |
| Current ratio | 2.16 | 2.01 | 1.96 | 1.94 | 2.60 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,320,000K ÷ $1,073,000K
= 2.16
Terex Corporation's current ratio has shown some fluctuations over the past five years. The ratio decreased from 2.60 in December 2020 to 1.94 in December 2021, indicating a potential liquidity concern. However, there was a slight improvement in the following years, with the ratio reaching 1.96 in December 2022 and 2.01 in December 2023. By December 2024, the current ratio had further improved to 2.16, suggesting that Terex Corporation may have strengthened its short-term liquidity position. Overall, the trend in the current ratio indicates varying levels of liquidity stability for the company over the years.