Axon Enterprise Inc. (AXON)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,327,660 | 1,612,030 | 1,268,490 | 1,047,850 | 976,255 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,327,660K)
= 0.00
Axon Enterprise Inc. has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the capital structure is primarily composed of equity, which may signify a lower financial risk and potential ease in meeting financial obligations. However, it's essential to consider other factors like the cost of capital and the company's growth strategy when evaluating the significance of a low debt-to-capital ratio.
Peer comparison
Dec 31, 2024