Oshkosh Corporation (OSK)

Financial leverage ratio

		Dec 31, 2024	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	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total assets	US$ in thousands	9,423,100	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	6,721,800	6,891,600	6,706,300	6,343,800	6,016,400	5,815,900	5,760,300	5,861,900
Total stockholders’ equity	US$ in thousands	4,152,100	4,102,000	3,924,900	3,826,000	3,705,300	3,543,300	3,396,800	3,247,200	3,185,700	2,891,300	2,877,000	2,968,000	3,076,400	3,247,800	3,228,700	3,018,200	2,932,600	2,850,700	2,768,900	2,689,000
Financial leverage ratio		2.27	2.41	2.48	2.48	2.46	2.50	2.37	2.44	2.43	2.41	2.38	2.35	2.18	2.12	2.08	2.10	2.05	2.04	2.08	2.18

December 31, 2024 calculation

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

The financial leverage ratio of Oshkosh Corporation has shown some fluctuations over the period under review. The ratio, which measures the company's level of debt relative to its equity, started at 2.18 as of March 31, 2020, decreased to 2.04 by September 30, 2020, and then gradually increased, reaching a peak of 2.50 as of September 30, 2023. However, it subsequently decreased to 2.27 by December 31, 2024.

Overall, the financial leverage ratio of Oshkosh Corporation has generally been within the range of 2.04 to 2.50 during the period covered by the data. This indicates that the company relies moderately on debt to finance its operations and investments, with a balance between debt and equity in its capital structure. Investors and stakeholders may monitor this ratio to assess the firm's risk profile and financial health concerning its leverage levels.