Oshkosh Corporation (OSK)

Cash ratio

Dec 31, 2023 Dec 31, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019
Cash and cash equivalents US$ in thousands 125,400 805,900 1,375,800 582,900 448,400
Short-term investments US$ in thousands — — — — —
Total current liabilities US$ in thousands 3,089,600 2,428,600 2,151,700 1,585,100 1,741,900
Cash ratio 0.04 0.33 0.64 0.37 0.26

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($125,400K + $—K) ÷ $3,089,600K
= 0.04

The cash ratio of Oshkosh Corp has shown fluctuations over the past five years. In the most recent fiscal year ending on December 31, 2023, the cash ratio decreased to 0.07, indicating a lower ability to cover short-term liabilities with cash on hand. This significant drop from the previous year's ratio of 0.37 may suggest a potential liquidity challenge for the company.

Comparing to the data from December 31, 2022, and September 30, 2021, where the cash ratios were 0.37 and 0.67 respectively, Oshkosh Corp showed stronger liquidity position in those periods. The ratio dropped to 0.43 on September 30, 2020, before further declining to 0.30 on September 30, 2019.

Overall, the downward trend in the cash ratio indicates a decreasing ability of Oshkosh Corp to meet its short-term obligations solely with cash. This may require further analysis of the company's cash management practices and overall financial health.