Oshkosh Corporation (OSK)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Sep 30, 2023	Dec 31, 2022	Sep 30, 2022
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	9,423,100	9,129,200	9,129,200	7,729,000	7,729,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,423,100K
= 0.00

The debt-to-assets ratio for Oshkosh Corporation has consistently been reported as 0.00 for the periods ending September 30, 2022, December 31, 2022, September 30, 2023, December 31, 2023, and December 31, 2024. This indicates that the company has not had any debt on its balance sheet relative to its total assets during these periods.

A debt-to-assets ratio of 0.00 signifies that Oshkosh Corporation has been operating with no financial leverage, meaning it has not been relying on debt to finance its operations or investments. This could suggest that the company has been able to fund its activities using internal resources or equity financing.

While a low or zero debt-to-assets ratio can be seen as a positive sign of financial stability and lower risk of default, it is important to consider other factors such as the cost of capital, profitability, and growth prospects to gain a comprehensive understanding of Oshkosh Corporation's financial health.