Oshkosh Corporation (OSK)

Financial leverage 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
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
Total stockholders’ equity	US$ in thousands	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	3,357,700	3,228,700	3,018,200	2,932,600	2,850,700	2,768,900	2,689,000	2,681,100	2,599,800
Financial leverage ratio		2.41	2.48	2.48	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

September 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,875,900K ÷ $4,102,000K
= 2.41

The financial leverage ratio of Oshkosh Corporation has shown some fluctuations over the past few quarters, ranging from 2.04 to 2.50. The ratio, which measures the company's level of debt in relation to its equity, indicates that Oshkosh Corporation has utilized moderate financial leverage in its capital structure.

The trend in the financial leverage ratio shows a general uptrend from the third quarter of 2019 to the first quarter of 2022, peaking at 2.50 in the fourth quarter of 2023. Subsequently, there was a slight decrease in the ratio in the first and second quarters of 2024.

Overall, the financial leverage ratio of Oshkosh Corporation has been hovering around the 2.41 to 2.50 range in recent quarters, suggesting a relatively stable level of leverage in the company's financial structure. However, it is important for stakeholders to closely monitor any significant changes in the ratio to assess the potential impact on the company's financial health and risk profile.