Axon Enterprise Inc. (AXON)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 4,474,590 | 3,436,840 | 2,851,890 | 1,688,210 | 1,381,020 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,474,590K
= 0.00
Based on the historical data provided, Axon Enterprise Inc. has maintained a consistent debt-to-assets ratio of 0.00 over the years from December 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets during this period. This suggests that Axon Enterprise Inc. has been operating with a conservative capital structure, relying more on equity financing rather than debt to fund its operations and investment activities. A lower debt-to-assets ratio is generally seen as a positive indicator of financial health, as it indicates lower financial risk and greater financial stability for the company.
Peer comparison
Dec 31, 2024