Axon Enterprise Inc. (AXON)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 454,844 | 695,144 | 568,652 | 403,870 | 600,545 | 406,042 | 474,203 | 263,414 | 353,684 | 147,711 | 212,815 | 386,367 | 356,332 | 281,691 | 266,372 | 154,822 | 155,440 | 176,000 | 319,253 | 156,540 |
| Short-term investments | US$ in thousands | 198,270 | 151,560 | 510,020 | 659,906 | 721,994 | 784,538 | 659,742 | 829,939 | 621,009 | 229,907 | 164,414 | 77,624 | 86,690 | 299,897 | 388,895 | 440,842 | 406,525 | 330,914 | 237,980 | 188,673 |
| Total current liabilities | US$ in thousands | 997,586 | 823,227 | 766,113 | 757,474 | 799,969 | 717,827 | 625,239 | 616,127 | 602,646 | 431,523 | 432,971 | 470,679 | 418,521 | 379,890 | 272,871 | 239,775 | 256,331 | 258,555 | 242,830 | 195,015 |
| Cash ratio | 0.65 | 1.03 | 1.41 | 1.40 | 1.65 | 1.66 | 1.81 | 1.77 | 1.62 | 0.88 | 0.87 | 0.99 | 1.06 | 1.53 | 2.40 | 2.48 | 2.19 | 1.96 | 2.29 | 1.77 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($454,844K
+ $198,270K)
÷ $997,586K
= 0.65
The cash ratio of Axon Enterprise Inc. is a liquidity ratio that measures the company's ability to cover its short-term liabilities with its available cash and equivalents. The cash ratio has shown fluctuations over the reported periods, starting at 1.77 on March 31, 2020, and peaking at 2.48 on March 31, 2021. The ratio then decreased steadily until December 31, 2021, reaching 1.06.
Between March 31, 2022, and September 30, 2023, the cash ratio remained relatively stable, ranging from 0.87 to 1.77. However, there was a notable decline to 0.65 on December 31, 2024. This suggests a decrease in the company's ability to cover its short-term obligations solely with its cash reserves.
Overall, the cash ratio trend indicates fluctuations in Axon Enterprise Inc.'s liquidity position over the analyzed periods. Investors and stakeholders may consider monitoring the company's cash management practices and liquidity in light of these fluctuations.
Peer comparison
Dec 31, 2024