Oshkosh Corporation (OSK)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Cash	US$ in thousands	125,400	805,900	1,375,800	582,900	448,400
Short-term investments	US$ in thousands	—	—	—	—	—
Receivables	US$ in thousands	1,316,400	1,162,000	1,017,300	857,600	1,082,300
Total current liabilities	US$ in thousands	3,089,600	2,428,600	2,151,700	1,585,100	1,741,900
Quick ratio		0.47	0.81	1.11	0.91	0.88

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($125,400K + $—K + $1,316,400K) ÷ $3,089,600K
= 0.47

The quick ratio of Oshkosh Corp has shown a declining trend over the past five years, starting at 1.24 in 2019 and decreasing to 0.76 in 2023. This indicates a decrease in the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 suggests potential liquidity issues as the company may not have enough liquid assets to cover its current liabilities, which could lead to difficulties in paying off debts and meeting financial obligations in the short term. Further analysis of the company's cash and cash equivalents, marketable securities, and current liabilities is recommended to assess its liquidity position in more detail.