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


See also:

Axon Enterprise Inc. Current Ratio (Quarterly Data)