Oshkosh Corporation (OSK)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
The solvency ratios of Oshkosh Corporation reflect a strong financial position with consistently low levels of debt relative to assets, capital, and equity. The debt-to-assets ratio has remained at 0.00 for all periods, indicating that the company's assets are primarily funded by equity rather than debt. This implies lower financial risk and greater financial stability.
Similarly, the debt-to-capital and debt-to-equity ratios have also consistently stood at 0.00 across all periods. These ratios further confirm that Oshkosh Corporation relies more on equity financing than debt to support its operations and investments.
The financial leverage ratio, which measures the extent to which the company is using debt to finance its operations, has shown a slight increase over the years but has generally been maintained at moderate levels. The ratio values ranging from 2.04 to 2.50 indicate that Oshkosh Corporation has a balanced debt structure and is not overly reliant on external borrowings.
Overall, based on the solvency ratios analyzed, Oshkosh Corporation appears to have a solid financial footing, with a conservative debt structure that positions the company well to weather economic uncertainties and pursue future growth opportunities.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 8.99 | 9.60 | 10.89 | 12.64 | 12.42 | 12.95 | 11.60 | 8.39 | 6.61 | 4.24 | 4.23 | 7.05 | 9.53 | 11.33 | 12.26 | 10.45 | 8.31 | 8.40 | 9.27 | 11.29 |
Oshkosh Corporation's interest coverage ratio, which measures the company's ability to meet its interest payment obligations, has fluctuated over the past few years. Starting from March 31, 2020, the interest coverage ratio stood at a healthy 11.29, indicating that the company's operating income was sufficient to cover its interest expenses over that period. However, the ratio experienced a gradual decline over the subsequent quarters, reaching a low of 4.23 on June 30, 2022, and stayed below 5 until March 31, 2023. This downward trend suggests that Oshkosh Corporation may have faced challenges in generating enough operating income to cover its interest expenses during this period.
From March 31, 2023, the interest coverage ratio began to improve, surpassing 10 in the following quarters and peaking at 12.95 on September 30, 2023. This improvement indicates that the company's financial position strengthened, allowing it to comfortably meet its interest payment obligations from its operating income. Although there were slight fluctuations in the ratio in the subsequent quarters, Oshkosh Corporation maintained a generally healthy interest coverage ratio above 8 up to December 31, 2024.
Overall, Oshkosh Corporation's interest coverage ratio demonstrated variability in the past few years, showing both periods of strength and challenges in meeting interest payment obligations. The company managed to enhance its financial standing and ensure sufficient operating income to cover its interest expenses in the latter part of the analyzed period.