Terex Corporation (TEX)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 643,000 | 670,000 | 719,400 | 685,300 | 548,000 | 645,100 | 681,200 | 630,100 | 547,500 | 531,100 | 558,900 | 525,600 | 507,700 | 513,400 | 546,500 | 488,300 | 381,200 | 403,200 | 351,300 | 402,000 |
| 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 |
| Quick ratio | 0.96 | 1.03 | 0.95 | 0.95 | 0.82 | 0.94 | 0.91 | 0.84 | 0.85 | 0.80 | 0.84 | 0.81 | 0.85 | 1.13 | 1.15 | 1.27 | 1.45 | 1.34 | 1.15 | 1.18 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($388,000K
+ $—K
+ $643,000K)
÷ $1,073,000K
= 0.96
The quick ratio of Terex Corporation, which measures the company's ability to meet its short-term obligations with its most liquid assets, has fluctuated over the past few years. Starting at a healthy level of 1.18 on March 31, 2020, the ratio showed a slight decrease by June 30, 2020, and September 30, 2020, before improving to 1.45 by December 31, 2020. However, the ratio experienced a decline in the subsequent quarters, dropping to as low as 0.80 on September 30, 2022, and 0.82 on December 31, 2023, indicating potential liquidity concerns.
The trend continued to be volatile with some fluctuations, as the ratio recovered to above 1.00 in the later quarters of 2024. Overall, the quick ratio of Terex Corporation has displayed variability, suggesting a need for close monitoring of the company's ability to meet its short-term obligations with its liquid assets.