Axon Enterprise Inc. (AXON)
Current 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 2,396,650 | 2,257,840 | 2,112,650 | 2,052,700 | 1,805,280 | 1,205,700 | 1,169,790 | 1,146,120 | 1,109,490 | 1,123,820 | 1,080,930 | 986,229 | 981,952 | 875,853 | 885,724 | 618,741 | 609,475 | 576,022 | 575,055 | 566,922 |
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 |
Current ratio | 3.00 | 3.15 | 3.38 | 3.33 | 3.00 | 2.79 | 2.70 | 2.44 | 2.65 | 2.96 | 3.96 | 4.11 | 3.83 | 3.39 | 3.65 | 3.17 | 3.12 | 3.13 | 3.51 | 3.46 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,396,650K ÷ $799,969K
= 3.00
Axon Enterprise Inc's current ratio has shown a consistent improvement over the past eight quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio indicates a stronger ability to meet short-term liabilities.
The current ratio increased steadily from 2.44 in Q1 2022 to a peak of 3.38 in Q2 2023, signifying a significant improvement in liquidity. This indicates that Axon has increased its current assets relative to its current liabilities, which is a positive sign of financial health.
While the current ratio slightly decreased in more recent quarters, remaining above 3.00, the company still maintains a strong liquidity position. Overall, Axon Enterprise Inc's current ratio trend reflects a solid financial standing and ability to meet its short-term obligations comfortably.
Peer comparison
Dec 31, 2023