Axon Enterprise Inc. (AXON)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,297,480 | 2,396,650 | 1,805,280 | 1,109,490 | 981,952 |
| Total current liabilities | US$ in thousands | 997,586 | 799,969 | 602,646 | 418,521 | 256,331 |
| Current ratio | 2.30 | 3.00 | 3.00 | 2.65 | 3.83 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,297,480K ÷ $997,586K
= 2.30
The current ratio of Axon Enterprise Inc. has shown fluctuations over the past five years.
As of December 31, 2020, the current ratio was 3.83, indicating a strong ability to cover its short-term obligations with current assets. However, by December 31, 2021, the current ratio decreased to 2.65, which might suggest a potential liquidity challenge as the company's current assets may not be as sufficient to cover its current liabilities.
By December 31, 2022 and 2023, the current ratio improved to 3.00, showing a better ability to meet short-term obligations with current assets. However, by December 31, 2024, the current ratio decreased to 2.30, indicating a potential decrease in liquidity compared to the previous years.
Overall, despite some fluctuations, Axon Enterprise Inc. generally maintains a current ratio above 2.0, which is considered a healthy level for most industries. It is important for investors and stakeholders to closely monitor the trend of the current ratio to assess the company's liquidity position and its ability to meet short-term financial obligations.
Peer comparison
Dec 31, 2024