Oshkosh Corporation (OSK)

Financial leverage 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
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
Total stockholders’ equity	US$ in thousands	3,705,300	3,543,300	3,396,800	3,247,200	3,185,700	2,891,300	2,877,000	2,968,000	3,357,700	3,228,700	3,018,200	2,932,600	2,850,700	2,768,900	2,689,000	2,681,100	2,599,800	2,596,900	2,499,700	2,411,200
Financial leverage ratio		2.46	2.50	2.37	2.44	2.43	2.41	2.38	2.35	2.10	2.08	2.10	2.05	2.04	2.08	2.18	2.07	2.14	2.10	2.19	2.09

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,129,200K ÷ $3,705,300K
= 2.46

The financial leverage ratio of Oshkosh Corp has shown some fluctuations over the past eight quarters. The ratio has ranged from 2.35 to 2.50 during this period, with an average of approximately 2.42. This indicates that the company's level of financial leverage has been relatively stable, staying within a narrow range.

A financial leverage ratio exceeding 2 suggests that Oshkosh Corp relies more on debt financing than on equity financing to fund its operations and investments. A higher ratio implies a higher level of financial risk, as the company has a greater debt burden to service. It can also suggest that the company's assets may be primarily funded by debt rather than equity.

Overall, monitoring the trend of the financial leverage ratio can help assess the company's capital structure and risk profile. It is essential for investors and stakeholders to closely monitor changes in this ratio to understand how Oshkosh Corp is managing its debt levels and financial obligations.