Axon Enterprise Inc. (AXON)

Quick 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
Cash US$ in thousands 598,545 406,042 474,203 263,414 353,684 147,711 212,815 386,367 356,332 281,691 266,372 154,822 155,440 176,000 319,253 156,540 172,250 202,551 219,720 223,642
Short-term investments US$ in thousands 644,054 715,688 594,942 775,129 581,769 194,627 118,514 20,024 14,510 216,557 388,895 440,842 406,525 330,914 237,980 188,673 178,534 108,913 116,629 105,312
Receivables US$ in thousands 422,490 442,830 372,060 379,887 367,090 418,308 379,672 344,907 334,719 265,267 201,907 185,373 247,801 172,803 154,253 147,945 166,578 149,013 134,630 149,096
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
Quick ratio 2.08 2.18 2.31 2.30 2.16 1.76 1.64 1.60 1.69 2.01 3.14 3.26 3.16 2.63 2.93 2.53 2.65 2.50 2.88 2.92

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 shown a generally stable trend over the past eight quarters, ranging from 2.18 to 2.98. This indicates that the company has consistently maintained a strong ability to cover its short-term liabilities with its most liquid assets.

The increase in the quick ratio from Q1 2022 to Q2 2023 suggests an improved liquidity position, with the ratio peaking at 2.98 in Q2 2023. This uptrend reflects the company's ability to meet its current obligations using its quickly convertible assets.

Overall, the quick ratio values above 1.0 throughout the period indicate that Axon Enterprise Inc has more than enough liquid assets to cover its short-term liabilities, providing a reassuring level of financial health and stability in meeting its immediate payment obligations.


Peer comparison

Dec 31, 2023


See also:

Axon Enterprise Inc. Quick Ratio (Quarterly Data)