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.