Oshkosh Corporation (OSK)
Cash ratio
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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 160,900 | 141,400 | 69,900 | 125,400 | 106,100 | 355,500 | 538,700 | 805,900 | 474,800 | 397,400 | 944,500 | 1,375,800 | 1,166,300 | 1,093,200 | 898,600 | 582,900 | 331,600 | 403,900 | 264,000 | 448,400 |
Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Total current liabilities | US$ in thousands | 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 | 2,151,700 | 2,047,500 | 1,902,500 | 1,711,500 | 1,585,100 | 1,629,300 | 1,805,000 | 1,509,200 | 1,741,900 |
Cash ratio | 0.05 | 0.04 | 0.02 | 0.04 | 0.03 | 0.15 | 0.22 | 0.33 | 0.21 | 0.17 | 0.39 | 0.64 | 0.57 | 0.57 | 0.53 | 0.37 | 0.20 | 0.22 | 0.17 | 0.26 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($160,900K
+ $—K)
÷ $3,457,600K
= 0.05
The cash ratio of Oshkosh Corporation has shown significant fluctuations over the past few quarters. The ratio represents the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
Looking at the trend, we observe that the cash ratio was relatively low in the first quarter of 2020 but gradually improved over the next few quarters, reaching a peak of 0.64 in the second quarter of 2022. This indicates that the company had a substantial amount of cash relative to its short-term obligations during that period.
However, there was a sharp decline in the cash ratio in the first quarter of 2023, dropping to 0.22, and further decreasing to 0.02 in the third quarter of 2024. This decline could signal potential liquidity challenges or increased short-term obligations compared to available cash.
It is important for Oshkosh Corporation to closely monitor and manage its cash position to ensure it can meet its short-term financial obligations. Analyzing the factors contributing to the fluctuations in the cash ratio can provide valuable insights into the company's liquidity management and financial health.
Peer comparison
Sep 30, 2024