Oshkosh Corporation (OSK)

Current 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
Total current assets	US$ in thousands	5,058,000	5,042,300	4,731,500	4,480,800	4,490,700	4,386,800	4,413,600	4,532,100	4,116,900	4,053,300	4,293,800	4,562,000	4,292,100	3,981,100	3,749,400	3,535,800	3,453,400	3,533,600	3,230,600	3,408,300
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
Current ratio		1.46	1.44	1.43	1.45	1.45	1.81	1.80	1.87	1.81	1.73	1.76	2.12	2.10	2.09	2.19	2.23	2.12	1.96	2.14	1.96

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $5,058,000K ÷ $3,457,600K
= 1.46

The current ratio for Oshkosh Corporation has shown fluctuations over the past few quarters, ranging from 1.43 to 2.23. The current ratio provides an indication of the company's ability to meet its short-term obligations with its current assets.

The current ratio has generally been above 1, indicating that Oshkosh Corporation has had more current assets than current liabilities in each period. A current ratio above 1 typically signifies a healthy financial position, as the company should theoretically be able to cover its short-term liabilities.

However, the variations in the current ratio over time may suggest changes in the company's liquidity position or management of working capital. A higher current ratio may indicate a stronger liquidity position, while a lower current ratio could suggest potential difficulties in meeting short-term obligations.

It would be important for stakeholders to closely monitor Oshkosh Corporation's current ratio trends and investigate the reasons behind the fluctuations to assess the company's liquidity and financial health accurately.