Oshkosh Corporation (OSK)

Quick ratio

		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	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Cash	US$ in thousands	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	152,200	321,900	159,900
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	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	1,263,900	1,077,800	1,072,100
Total current liabilities	US$ in thousands	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	1,687,500	1,810,100	1,478,200
Quick ratio		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	0.84	0.77	0.83

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 some fluctuations over the past 8 quarters, ranging from 0.76 to 1.13. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets. In general, a quick ratio above 1 is considered healthy as it suggests the company has enough liquid assets to cover its short-term liabilities.

Analyzing the trend of the quick ratio over time, we observe a consistent decline from Q1 2022 to Q4 2023. This downward trend may indicate a decreasing ability to cover short-term obligations as the company's liquidity position has weakened over this period. It is important for investors and creditors to closely monitor this trend to assess the company's ability to weather short-term financial challenges.