Oshkosh Corporation (OSK)
Quick ratio
| Dec 31, 2024 | 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 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 204,900 | 160,900 | 141,400 | 69,900 | 125,400 | 106,100 | 355,500 | 538,700 | 805,900 | 474,800 | 397,400 | 944,500 | 995,700 | 1,375,800 | 1,166,300 | 1,093,200 | 898,600 | 582,900 | 331,600 | 403,900 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,987,300 | 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 | 2,143,000 | 2,151,700 | 2,047,500 | 1,902,500 | 1,711,500 | 1,585,100 | 1,629,300 | 1,805,000 |
| Quick ratio | 0.07 | 0.05 | 0.04 | 0.02 | 0.04 | 0.03 | 0.15 | 0.22 | 0.33 | 0.21 | 0.17 | 0.39 | 0.46 | 0.64 | 0.57 | 0.57 | 0.53 | 0.37 | 0.20 | 0.22 |
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, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. For Oshkosh Corporation, the quick ratio has shown fluctuations over the period from March 31, 2020, to December 31, 2024.
Initially, the quick ratio was quite low at 0.22 on March 31, 2020, and decreased further to 0.20 on June 30, 2020, indicating a potential liquidity issue. However, the ratio improved significantly to 0.57 by March 31, 2021, suggesting a healthier liquidity position.
Subsequently, the quick ratio remained relatively stable around 0.50 until September 30, 2021. However, there was a decline to 0.39 by March 31, 2022, and a further decrease to 0.17 by June 30, 2022, which may raise concerns about the company's ability to meet its short-term obligations.
Although there was a slight recovery to 0.33 by December 31, 2022, the ratio dropped significantly to 0.02 by March 31, 2024, indicating potential liquidity challenges. The trend continued to show low quick ratios in the following periods, with the ratio remaining below 0.10 from June 30, 2024, to December 31, 2024.
Overall, the quick ratio trend for Oshkosh Corporation demonstrates fluctuations and periods of low liquidity, which may signal a potential need for the company to improve its ability to meet short-term obligations with its current liquid assets. Further analysis of the company's cash management and working capital efficiency may be warranted to address these liquidity concerns.
Peer comparison
Dec 31, 2024