Oshkosh Corporation (OSK)

Debt-to-assets 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
Long-term debt	US$ in thousands	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	818,700	818,500	818,300
Total assets	US$ in thousands	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	5,446,400	5,469,400	5,030,100
Debt-to-assets ratio		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	0.15	0.15	0.16

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 exhibited some fluctuations over the past eight quarters, ranging from 0.07 to 0.12.

In the most recent quarter, Q4 2023, the debt-to-assets ratio was 0.08, indicating that the company had $0.08 in debt for every $1 in assets. This suggests that Oshkosh Corp relies moderately on debt to finance its operations and investments, with a relatively low level of debt relative to its total assets.

Comparing it to the previous quarters, we observe that the company had a slightly higher debt-to-assets ratio in Q3 2023 (0.12). However, this spike was a temporary increase and was followed by a decrease in the subsequent quarter.

Looking further back, the ratio was relatively stable around 0.09 in Q2 and Q3 2022, indicating a consistent debt-to-assets structure during that period.

Overall, the trend suggests that Oshkosh Corp has maintained a relatively low and stable level of debt in relation to its total assets over the past eight quarters, indicating a prudent approach to managing its debt levels.