Oshkosh (FRA:OK3) Debt-to-Equity : 0.38 (As of Sep. 2024)

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What is Oshkosh Debt-to-Equity?

Oshkosh's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €842 Mil. Oshkosh's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €543 Mil. Oshkosh's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €3,696 Mil. Oshkosh's debt to equity for the quarter that ended in Sep. 2024 was 0.37.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Oshkosh's Debt-to-Equity or its related term are showing as below:

FRA:OK3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.32 Max: 0.55
Current: 0.38

During the past 13 years, the highest Debt-to-Equity Ratio of Oshkosh was 0.55. The lowest was 0.18. And the median was 0.32.

FRA:OK3's Debt-to-Equity is ranked worse than
51.6% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.37 vs FRA:OK3: 0.38

Oshkosh Debt-to-Equity Historical Data

The historical data trend for Oshkosh's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Oshkosh Debt-to-Equity Chart

Oshkosh Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec22

Dec23

Debt-to-Equity

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0.32

0.29

0.24

0.19

0.21

Oshkosh Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.31	0.21	0.32	0.42	0.38

Competitive Comparison of Oshkosh's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Oshkosh's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Oshkosh's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Oshkosh's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Oshkosh's Debt-to-Equity falls into.

Oshkosh Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oshkosh's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(160.475	+	547.907)	/	3397.76
	=	0.21

Oshkosh's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(841.985	+	542.672)	/	3695.902
	=	0.37

Oshkosh (FRA:OK3) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Oshkosh Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Oshkosh's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Oshkosh Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Oshkosh Corp (FRA:OK3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

OSK:USA OSK:Mexico 0KDI:UK OK3:Germany

Address

1917 Four Wheel Drive, Oshkosh, WI, USA, 54902

Website

https://www.oshkoshcorp.com

Oshkosh is the top producer of access equipment, specialty vehicles, and military trucks. It serves diverse end markets, where it is typically the market share leader in North America, or, in the case of JLG aerial work platforms, a global leader. The company had manufactured joint light tactical vehicles for the us Department of Defense. However, Oshkosh recently lost the JLTV recompete, bringing into focus its us Postal Service contract, which calls for the electrification of us postal vehicles. The company reports in three segments—access equipment (52% of revenue), defense (22%), and vocational (27%)—and generated $9.6 billion in revenue in 2023.

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