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.
Peer comparison
Dec 31, 2023