Axon Enterprise Inc. (AXON)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,396,650 | 1,805,280 | 1,109,490 | 981,952 | 609,475 |
| Total current liabilities | US$ in thousands | 799,969 | 602,646 | 418,521 | 256,331 | 195,566 |
| Current ratio | 3.00 | 3.00 | 2.65 | 3.83 | 3.12 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,396,650K ÷ $799,969K
= 3.00
The current ratio of Axon Enterprise Inc has been relatively stable over the past five years, ranging between 2.65 and 3.83. A current ratio of 3.00 indicates that for every dollar of current liabilities, the company has $3.00 of current assets available to cover those obligations. This suggests that Axon has a strong liquidity position and should be able to meet its short-term financial obligations comfortably. The decreasing trend in the current ratio from 3.83 in 2020 to 2.65 in 2021 may indicate a slight decrease in liquidity, but the ratio rebounded to 3.00 in 2022 and was maintained at that level in 2023. Overall, the current ratio suggests that Axon Enterprise Inc is well-positioned to manage its current liabilities in the near term.
Peer comparison
Dec 31, 2023