Oshkosh Corporation (OSK)

Current 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
Total current assets	US$ in thousands	4,527,500	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	4,114,600	4,417,900	4,292,100	3,981,100	3,749,400	3,535,800	3,453,400	3,533,600
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
Current ratio		1.52	1.46	1.44	1.43	1.45	1.45	1.81	1.80	1.87	1.81	1.73	1.76	1.92	2.05	2.10	2.09	2.19	2.23	2.12	1.96

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $4,527,500K ÷ $2,987,300K
= 1.52

The current ratio of Oshkosh Corporation has shown some fluctuation over the past few years based on the provided data. The ratio measures the company's ability to meet its short-term obligations with its current assets.

From March 31, 2020, to June 30, 2021, the current ratio steadily increased from 1.96 to 2.10, indicating an improving liquidity position. However, it started to decline in the following quarters, reaching 1.45 by December 31, 2023. This downward trend suggests potential challenges in meeting short-term obligations with current assets.

Although there was a slight recovery to 1.52 by December 31, 2024, the overall trend indicates a decreasing ability to cover short-term liabilities. It is important for Oshkosh Corporation to closely monitor and manage its current assets to ensure they are sufficient to meet upcoming short-term obligations.