Oshkosh Corporation (OSK)

Cash 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
Cash and cash equivalents US$ in thousands 204,900 160,900 141,400 69,900 125,400 106,100 355,500 538,700 805,900 474,800 397,400 944,500 995,700 1,375,800 1,166,300 1,093,200 898,600 582,900 331,600 403,900
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 2,987,300 3,457,600 3,491,700 3,319,500 3,089,600 3,090,200 2,418,000 2,458,600 2,428,600 2,272,900 2,338,800 2,446,300 2,143,000 2,151,700 2,047,500 1,902,500 1,711,500 1,585,100 1,629,300 1,805,000
Cash ratio 0.07 0.05 0.04 0.02 0.04 0.03 0.15 0.22 0.33 0.21 0.17 0.39 0.46 0.64 0.57 0.57 0.53 0.37 0.20 0.22

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($204,900K + $—K) ÷ $2,987,300K
= 0.07

The cash ratio of Oshkosh Corporation has shown fluctuations over the years. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that the company has more cash available to cover its short-term obligations.

From March 31, 2020 to June 30, 2020, the cash ratio decreased from 0.22 to 0.20, which may raise concerns about the company's liquidity position. However, the ratio saw a significant improvement by September 30, 2020, reaching 0.37, indicating a stronger ability to meet short-term liabilities with cash on hand.

The cash ratio continued to increase through December 31, 2021, reaching a peak of 0.57. This suggests that Oshkosh Corporation had a comfortable cash cushion relative to its short-term obligations during this period.

However, the cash ratio declined in subsequent quarters, dropping to 0.04 by December 31, 2024. This decrease may signify a potential strain on the company's liquidity position. It's important for investors and stakeholders to monitor the cash ratio closely to assess the company's ability to meet its short-term financial obligations with available cash resources.