Axon Enterprise Inc. (AXON)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,297,480 | 2,433,750 | 2,205,740 | 2,201,710 | 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 |
| Total current liabilities | US$ in thousands | 997,586 | 823,227 | 766,113 | 757,474 | 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 |
| Current ratio | 2.30 | 2.96 | 2.88 | 2.91 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,297,480K ÷ $997,586K
= 2.30
Axon Enterprise Inc.'s current ratio has shown fluctuating trends over the past few years. The current ratio started at a strong level of 3.17 on March 31, 2020, indicating that the company had $3.17 in current assets for every $1 in current liabilities. It then improved steadily to reach its peak at 4.11 on March 31, 2021, suggesting a strong liquidity position.
However, from September 30, 2021, to December 31, 2024, the current ratio experienced a gradual decline, dropping to 2.30 on December 31, 2024. This decrease may raise concerns about the company's ability to meet its short-term obligations with its current assets.
Overall, while Axon Enterprise Inc. has maintained current ratios above 2 throughout the period, indicating a generally healthy liquidity position, the downward trend in recent periods warrants further examination to ensure the company can effectively manage its short-term financial obligations.
Peer comparison
Dec 31, 2024