Terex Corporation (TEX)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	2,245,200	2,244,500	2,217,800	2,090,400	1,962,000	1,867,000	1,909,200	1,835,100	1,767,800	2,005,800	1,996,700	1,901,900	1,878,600	1,761,100	1,707,100	1,965,600	2,019,700	2,034,900	2,439,600	2,508,000
Total current liabilities	US$ in thousands	1,119,200	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	872,400	922,300	1,102,000	1,103,200
Current ratio		2.01	2.11	2.07	1.99	1.96	1.96	2.00	2.00	1.94	2.13	2.11	2.27	2.60	2.59	2.53	2.53	2.32	2.21	2.21	2.27

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,245,200K ÷ $1,119,200K
= 2.01

The current ratio of Terex Corp. has demonstrated stability and consistency over the past eight quarters. The company's current ratio, which measures its ability to cover short-term liabilities with current assets, has generally been above 2. This indicates that the company has a healthy level of current assets relative to its current liabilities.

Although there was a slight dip to 1.99 in Q1 2023, the current ratio quickly rebounded and remained above 2 for the subsequent quarters. This shows that Terex Corp. has been effectively managing its short-term liquidity position.

Overall, the trend in the current ratio suggests that Terex Corp. has a strong financial position in terms of its ability to meet its short-term obligations. However, it is essential to analyze other financial indicators alongside the current ratio to gain a more comprehensive understanding of the company's financial health.