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


See also:

Axon Enterprise Inc. Cash Ratio (Quarterly Data)