Terex Corporation (TEX)

Debt-to-capital 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
Long-term debt	US$ in thousands	—	624,000	662,200	720,900	620,000	706,300	734,300	774,900	773,600	824,600	826,100	738,400	668,500	887,700	888,500	973,500	1,166,200	1,167,000	1,167,400	1,338,100
Total stockholders’ equity	US$ in thousands	1,832,000	1,957,000	1,823,900	1,731,900	1,672,300	1,496,200	1,432,200	1,294,600	1,181,200	1,034,700	1,048,900	1,114,100	1,109,600	1,050,700	1,033,900	946,100	921,500	852,700	800,400	786,200
Debt-to-capital ratio		0.00	0.24	0.27	0.29	0.27	0.32	0.34	0.37	0.40	0.44	0.44	0.40	0.38	0.46	0.46	0.51	0.56	0.58	0.59	0.63

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,832,000K)
= 0.00

The debt-to-capital ratio of Terex Corporation has shown a declining trend from 0.63 as of March 31, 2020, to 0.00 as of December 31, 2024. This indicates a significant reduction in the proportion of debt to the company's overall capital structure over the observed period. A decreasing debt-to-capital ratio suggests that Terex Corporation has been successfully lowering its debt levels relative to its total capital, which may signify improved financial stability and reduced financial risk. It is important to note that reaching a debt-to-capital ratio of 0.00 by the end of 2024 may indicate that the company has completely paid off its debt obligations or implemented a significant restructuring of its capital structure.