Terex Corporation (TEX)

Debt-to-equity 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-equity ratio		0.00	0.32	0.36	0.42	0.37	0.47	0.51	0.60	0.65	0.80	0.79	0.66	0.60	0.84	0.86	1.03	1.27	1.37	1.46	1.70

December 31, 2024 calculation

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

Terex Corporation's debt-to-equity ratio has shown a consistent downward trend from 1.70 as of March 31, 2020, to 0.00 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt financing in relation to equity over the years. A decreasing debt-to-equity ratio is generally seen as a positive sign as it suggests a lower financial risk and better solvency for the company. It appears that Terex Corporation has been effectively managing its debt levels and improving its financial stability during the period under review.