Oshkosh Corporation (OSK)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Sep 30, 2023 Dec 31, 2022 Sep 30, 2022
Cash US$ in thousands 204,900 125,400 125,400 805,900 805,900
Short-term investments US$ in thousands
Receivables US$ in thousands
Total current liabilities US$ in thousands 2,987,300 3,089,600 3,089,600 2,428,600 2,428,600
Quick ratio 0.07 0.04 0.04 0.33 0.33

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($204,900K + $—K + $—K) ÷ $2,987,300K
= 0.07

The quick ratio of Oshkosh Corporation, a measure of the company's ability to meet its short-term obligations with its most liquid assets excluding inventory, has shown a decline over the years based on the provided data.

As of September 30, 2022, and December 31, 2022, the quick ratio remained relatively stable at 0.33, indicating that the company had $0.33 in liquid assets to cover each dollar of its current liabilities. However, by September 30, 2023, and December 31, 2023, the quick ratio significantly dropped to 0.04, suggesting a deterioration in Oshkosh Corporation's short-term liquidity position.

The quick ratio improved slightly by December 31, 2024, reaching 0.07, but it still remains at a relatively low level compared to the previous years. This trend indicates a potential liquidity challenge for the company in meeting its short-term obligations without relying heavily on inventory, which may pose a risk in terms of financial stability. Further analysis and monitoring of Oshkosh Corporation's liquidity management and financial health would be advisable to address these concerns and mitigate any potential liquidity risks.