Oshkosh Corporation (OSK)

Current ratio

		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	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Total current assets	US$ in thousands	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	3,361,200	3,369,700	2,944,200
Total current liabilities	US$ in thousands	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	1,687,500	1,810,100	1,478,200
Current ratio		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	1.99	1.86	1.99

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $4,480,800K ÷ $3,089,600K
= 1.45

The current ratio of Oshkosh Corp has exhibited some fluctuations over the past eight quarters. It ranged from a low of 1.45 in Q4 2023 and Q3 2023 to a high of 1.87 in Q4 2022. Overall, the current ratio has generally been above 1.5, indicating that Oshkosh Corp has had sufficient current assets to cover its current liabilities during these periods.

The slight variations in the current ratio suggest that Oshkosh Corp's liquidity position has been relatively stable, with only minor changes in its ability to meet short-term obligations. While the current ratio dipped in Q4 2023 and Q3 2023 compared to previous quarters, it remained above 1.4, indicating that the company could still comfortably cover its short-term debts and obligations.

In conclusion, the current ratio trend of Oshkosh Corp demonstrates a reasonable liquidity position over the past two years, with the company generally maintaining a healthy level of current assets relative to its current liabilities.