Oshkosh Corporation (OSK)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Sep 30, 2023	Dec 31, 2022	Sep 30, 2022
Total assets	US$ in thousands	9,423,100	9,129,200	9,129,200	7,729,000	7,729,000
Total stockholders’ equity	US$ in thousands	4,152,100	3,705,300	3,705,300	3,185,700	3,185,700
Financial leverage ratio		2.27	2.46	2.46	2.43	2.43

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,423,100K ÷ $4,152,100K
= 2.27

From the data provided, Oshkosh Corporation's financial leverage ratio has been relatively stable over the reported periods, ranging from 2.27 to 2.46. The financial leverage ratio indicates the proportion of a company's debt to its equity.

A financial leverage ratio of 2.43 to 2.46 suggests that Oshkosh Corporation has a higher level of debt compared to equity in its capital structure. This implies that a significant portion of the company's operations and assets are financed through debt rather than equity.

The slight fluctuations in the ratio over the different periods may reflect changes in the company's financing activities, such as taking on additional debt or issuing new equity. It's important to note that a higher financial leverage ratio can indicate higher financial risk, as the company may have higher interest payments and be more vulnerable to economic downturns.

Overall, Oshkosh Corporation's financial leverage ratio indicates a moderate level of leverage, and it would be important to monitor any significant changes in this ratio in the future to assess the company's financial health and risk profile.