Oshkosh Corporation (OSK)

Debt-to-assets 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
Long-term debt	US$ in thousands	602,300	599,100	598,900	597,500	597,500	597,300	595,200	595,000	594,800	594,600	594,400	818,800	818,600	818,300	818,100	817,900	817,600	817,400	819,200	819,000
Total assets	US$ in thousands	9,875,900	9,721,500	9,471,000	9,129,200	8,855,100	8,044,300	7,916,400	7,729,000	6,964,400	6,859,900	6,974,500	7,035,700	6,706,300	6,343,800	6,016,400	5,815,900	5,760,300	5,861,900	5,556,200	5,566,300
Debt-to-assets ratio		0.06	0.06	0.06	0.07	0.07	0.07	0.08	0.08	0.09	0.09	0.09	0.12	0.12	0.13	0.14	0.14	0.14	0.14	0.15	0.15

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $602,300K ÷ $9,875,900K
= 0.06

The debt-to-assets ratio of Oshkosh Corporation has shown a relatively stable trend over the past few quarters. The ratio has ranged between 0.06 and 0.15 during the period from September 2019 to September 2024.

It is noteworthy that the ratio was at its lowest point (0.06) in the recent quarters, indicating that the company has been effectively managing its debt in relation to its total assets. This suggests a conservative approach to financing, with a lower reliance on debt to fund its operations and investments.

Overall, the trend in Oshkosh Corporation's debt-to-assets ratio suggests a healthy balance between debt and assets, which is important for the company's financial stability and long-term sustainability.