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Terex Corporation  (TEX)
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Terex's Quick Ratio

TEX's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the first quarter 2024, Quick Ratio deteriorated to 0.33 below Terex's average Quick Ratio.

Within Construction & Mining Machinery industry only one company has achieved higher Quick Ratio in first quarter 2024. While Quick Ratio total ranking has improved so far during the I Quarter 2024 to 160, from total ranking in the forth quarter 2023 at 641.

Explain Quick Ratio?
How much Cash & cash equivalents TEX´s has?
What are TEX´s Current Liabilities?


TEX Quick Ratio (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Current Liabilities Change 5.21 % 12.08 % 17.31 % 18.95 % 14.25 %
Y / Y Cash & cash equivalent Change 43.55 % 21.9 % 52.05 % 17.53 % 16.39 %
Quick Ratio MRQ 0.33 0.33 0.33 0.28 0.24
TEX's Total Ranking # 160 # 641 # 2677 # 1661 # 452
Seq. Current Liabilities Change -1.25 % 5.38 % -1.07 % 2.2 % 5.2 %
Seq. Cash & cash equivalent Change -1.56 % 5.22 % 18.34 % 17.11 % -16.41 %



Quick Ratio first quarter 2024 Company Ranking
Within: No.
Construction & Mining Machinery Industry # 2
Capital Goods Sector # 21
Overall Market # 160


Quick Ratio Statistics
High Average Low
1.53 0.43 0.14
(March 31, 2010)   (Jun 30 2016)




Financial Statements
Terex's Current Liabilities $ 1,105 Millions Visit TEX's Balance sheet
Terex's Cash & cash equivalent $ 365 Millions Visit TEX's Balance sheet
Source of TEX's Sales Visit TEX's Sales by Geography


Cumulative Terex's Quick Ratio

TEX's Quick Ratio for the trailling 12 Months

TEX Quick Ratio

(Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Current Liabilities TTM Growth 5.21 % 12.08 % 17.31 % 18.95 % 14.25 %
Y / Y Cash & cash equivalent TTM Growth 43.55 % 21.9 % 52.05 % 17.53 % 16.39 %
Quick Ratio TTM 0.32 0.3 0.29 0.27 0.27
Total Ranking TTM # 249 # 2967 # 2281 # 3887 # 570
Seq. Current Liabilities TTM Growth -1.25 % 5.38 % -1.07 % 2.2 % 5.2 %
Seq. Cash & cash equivalent TTM Growth -1.56 % 5.22 % 18.34 % 17.11 % -16.41 %


On the trailing twelve months basis TEX Cash & cash equivalent soared by 43.55 % in I Quarter 2024 year on year, faster than Current Liabilities, this led to increase in in Terex's Quick Ratio to 0.32, Quick Ratio remained below TEX average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Construction & Mining Machinery industry 2 other companies have achieved higher Quick Ratio than Terex. While Quick Ratio overall ranking has improved so far to 249, from total ranking during the twelve months ending forth quarter 2023 at 2967.

Explain Quick Ratio?
How much Cash & cash equivalents TEX´s has?
What are TEX´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Construction & Mining Machinery Industry # 3
Capital Goods Sector # 30
Within the Market # 249


trailing twelve months Quick Ratio Statistics
High Average Low
1.18 0.43 0.05
(Dec. 31, 2010)   (Sep. 30, 2015)




Companies with similar Quick Ratio in the quarter ending Mar 31 2024, within Construction & Mining Machinery Industry Quick RatioMar 31 2024 MRQ Cash & cash equivalentMar 31 2024 MRQ Current Liabilities
Hudson Technologies Inc  0.66 $ 10.551  Millions$ 15.930  Millions
Columbus Mckinnon Corp  0.44 $ 114.126  Millions$ 261.761  Millions
Blue Bird Corporation  0.42 $ 93.096  Millions$ 219.767  Millions
Distribution Solutions Group Inc   0.36 $ 85.602  Millions$ 240.490  Millions
Terex Corporation  0.33 $ 364.900  Millions$ 1,105.200  Millions
Wabash National Corporation  0.31 $ 115.786  Millions$ 368.589  Millions
Astec Industries Inc   0.28 $ 63.800  Millions$ 230.400  Millions
Caterpillar Inc  0.15 $ 4,959.000  Millions$ 32,371.000  Millions
Willis Lease Finance Corp  0.07 $ 7.622  Millions$ 103.348  Millions

Date modified: 2024-04-30T01:18:23+00:00



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