Terex Corporation (TEX)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,730,000 | 3,615,000 | 3,118,100 | 2,863,500 | 3,031,800 |
| Total stockholders’ equity | US$ in thousands | 1,832,000 | 1,672,300 | 1,181,200 | 1,109,600 | 921,500 |
| Financial leverage ratio | 3.13 | 2.16 | 2.64 | 2.58 | 3.29 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,730,000K ÷ $1,832,000K
= 3.13
The financial leverage ratio of Terex Corporation has shown some fluctuation over the past five years. Starting at 3.29 in December 2020, the ratio decreased to 2.58 by the end of 2021. Subsequently, it slightly increased to 2.64 in 2022 before dropping to 2.16 by the end of 2023. The ratio then experienced an uptick to 3.13 by December 2024. Overall, Terex Corporation's financial leverage ratio indicates a varying level of leverage over the years, potentially implying changes in the company's capital structure and financial risk profile.