Oshkosh Corporation (OSK)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Long-term debt	US$ in thousands	597,500	595,000	818,800	817,900	819,000
Total assets	US$ in thousands	9,129,200	7,729,000	7,035,700	5,815,900	5,566,300
Debt-to-assets ratio		0.07	0.08	0.12	0.14	0.15

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $597,500K ÷ $9,129,200K
= 0.07

The debt-to-assets ratio of Oshkosh Corp has shown a declining trend over the past five years, indicating an improvement in the company's financial leverage and risk management. As of December 31, 2023, the ratio stands at 0.08, remaining consistent with the previous year's level. This suggests that the company's total debt relative to its total assets is relatively low, implying a healthier financial position and reduced dependency on external financing. The decreasing trend in the debt-to-assets ratio reflects Oshkosh Corp's ability to efficiently manage its debt levels while maintaining a strong asset base, which could enhance its solvency and ability to weather economic challenges. Overall, the consistently low debt-to-assets ratio signals a stable and sustainable capital structure for Oshkosh Corp.