Axon Enterprise Inc. (AXON)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	598,545	353,684	356,332	155,440	172,250
Short-term investments	US$ in thousands	644,054	581,769	14,510	406,525	178,534
Receivables	US$ in thousands	422,490	367,090	334,719	247,801	166,578
Total current liabilities	US$ in thousands	799,969	602,646	418,521	256,331	195,566
Quick ratio		2.08	2.16	1.69	3.16	2.65

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($598,545K + $644,054K + $422,490K) ÷ $799,969K
= 2.08

The quick ratio of Axon Enterprise Inc has exhibited some fluctuations over the past five years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.

In 2023 and 2022, the quick ratio remained stable at 2.66, indicating that the company had $2.66 in liquid assets available to cover each dollar of current liabilities. This suggests a strong liquidity position during these years.

In 2021, the quick ratio decreased slightly to 2.39, which may signal a slight weakening in the company's ability to cover short-term obligations with liquid assets compared to the previous years.

However, in 2020 and 2019, the quick ratio was notably higher at 3.48 and 2.97, respectively. This indicates a stronger ability to cover short-term liabilities with liquid assets during those years.

Overall, while the quick ratio of Axon Enterprise Inc has shown some variability over the five-year period, the company generally maintained a healthy liquidity position with sufficient liquid assets to meet its short-term obligations.