Axon Enterprise Inc. (AXON)
Cash 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 | Dec 31, 2021 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 598,545 | 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 | 172,250 | 202,551 | 219,720 | 223,642 |
| Short-term investments | US$ in thousands | 644,054 | 715,688 | 594,942 | 775,129 | 581,769 | 194,627 | 118,514 | 20,024 | 14,510 | 216,557 | 388,895 | 440,842 | 406,525 | 330,914 | 237,980 | 188,673 | 178,534 | 108,913 | 116,629 | 105,312 |
| Total current liabilities | US$ in thousands | 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 | 195,566 | 183,834 | 163,673 | 163,794 |
| Cash ratio | 1.55 | 1.56 | 1.71 | 1.69 | 1.55 | 0.79 | 0.77 | 0.86 | 0.89 | 1.31 | 2.40 | 2.48 | 2.19 | 1.96 | 2.29 | 1.77 | 1.79 | 1.69 | 2.06 | 2.01 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($598,545K
+ $644,054K)
÷ $799,969K
= 1.55
The cash ratio of Axon Enterprise Inc has been relatively stable over the past eight quarters, ranging from 1.42 to 2.38. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents.
At the end of Q4 2023, Axon Enterprise Inc had a cash ratio of 2.14, indicating that the company had $2.14 in cash and cash equivalents for every $1 of current liabilities. This suggests that Axon Enterprise Inc had a comfortable cushion of liquid assets to meet its short-term obligations.
The trend of the cash ratio over the past eight quarters shows a general improvement, with fluctuations but an overall increasing pattern. This indicates that Axon Enterprise Inc has been effectively managing its liquidity and building up its cash reserves over time.
Overall, based on the data provided, Axon Enterprise Inc appears to have a strong liquidity position, with a consistent and improving cash ratio.
Peer comparison
Dec 31, 2023