Axon Enterprise Inc. (AXON)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,327,660 | 2,099,840 | 1,928,840 | 1,818,020 | 1,612,030 | 1,521,120 | 1,445,000 | 1,403,000 | 1,268,490 | 1,231,310 | 1,193,650 | 1,124,790 | 1,047,850 | 1,113,900 | 1,097,700 | 1,010,900 | 976,255 | 895,153 | 869,813 | 559,590 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-capital ratio for Axon Enterprise Inc. has consistently been reported as 0.00 over the period from March 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations or capital structure during this time frame. A debt-to-capital ratio of 0.00 suggests that the company has primarily relied on equity financing rather than borrowing funds to support its business activities. This may indicate a conservative financial strategy aimed at minimizing financial risk and maintaining a strong financial position. However, it's important to note that while a low debt-to-capital ratio can be favorable, it might also suggest potential underutilization of debt as a financial tool for growth or expansion opportunities.
Peer comparison
Dec 31, 2024