Oshkosh Corporation (OSK)
Quick ratio
| 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 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 160,900 | 141,400 | 69,900 | 125,400 | 106,100 | 355,500 | 538,700 | 805,900 | 474,800 | 397,400 | 944,500 | 1,375,800 | 1,166,300 | 1,093,200 | 898,600 | 582,900 | 331,600 | 403,900 | 264,000 | 448,400 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,576,300 | 1,619,900 | 1,533,000 | 1,316,400 | 1,550,200 | 1,367,200 | 1,311,700 | 1,162,000 | 1,072,600 | 1,216,400 | 987,400 | 1,017,300 | 1,072,500 | 877,100 | 699,200 | 857,600 | 831,600 | 873,800 | 911,600 | 1,082,300 |
| Total current liabilities | US$ in thousands | 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 | 2,151,700 | 2,047,500 | 1,902,500 | 1,711,500 | 1,585,100 | 1,629,300 | 1,805,000 | 1,509,200 | 1,741,900 |
| Quick ratio | 0.50 | 0.50 | 0.48 | 0.47 | 0.54 | 0.71 | 0.75 | 0.81 | 0.68 | 0.69 | 0.79 | 1.11 | 1.09 | 1.04 | 0.93 | 0.91 | 0.71 | 0.71 | 0.78 | 0.88 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($160,900K
+ $—K
+ $1,576,300K)
÷ $3,457,600K
= 0.50
The quick ratio of Oshkosh Corporation has shown fluctuations over the past few quarters. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulties meeting its short-term obligations.
Looking at the data provided, we can see that the quick ratio has generally been above 1 in earlier periods, indicating a strong ability to cover short-term liabilities. However, in recent quarters, the quick ratio has been declining, falling to 0.50 in the most recent quarter. This reduction may suggest that the company's liquidity position has weakened, potentially due to changes in its current asset composition or management of short-term liabilities.
It is important for Oshkosh Corporation to monitor and potentially improve its quick ratio to ensure it maintains a sufficient level of liquidity to meet its short-term financial obligations. Management may need to assess its current asset structure, working capital management, and cash flow management to address any liquidity challenges indicated by the decreasing trend in the quick ratio.
Peer comparison
Sep 30, 2024