Axon Enterprise Inc. (AXON)

Debt-to-equity 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
Long-term debt US$ in thousands 677,113 676,315 675,518 674,724 673,967
Total stockholders’ equity US$ in thousands 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 1,010,900 976,255 895,153 869,813 559,590 543,495 507,647 488,927 480,539
Debt-to-equity ratio 0.42 0.44 0.47 0.48 0.53 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, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $677,113K ÷ $1,612,030K
= 0.42

The debt-to-equity ratio of Axon Enterprise Inc has been showing a decreasing trend over the past eight quarters. In Q4 2022, the ratio was at 0.53, indicating that the company had higher levels of debt relative to its equity. However, this ratio dropped significantly to 0.42 in Q4 2023, suggesting a more favorable financial position with lower debt levels compared to shareholder equity.

The decreasing trend in the debt-to-equity ratio can indicate that the company is gradually reducing its reliance on debt in favor of equity financing, which can be seen as a positive sign for investors and creditors. Lower levels of debt relative to equity can signify a lower financial risk for the company and potentially lead to improved financial stability.

It is worth noting that in Q2 and Q3 of 2022, the debt-to-equity ratio was recorded as 0.00, which could be attributed to certain accounting or reporting changes during those periods. Overall, the decreasing debt-to-equity ratio trend for Axon Enterprise Inc indicates a strengthening financial position and may be viewed positively by stakeholders.


Peer comparison

Dec 31, 2023


See also:

Axon Enterprise Inc. Debt to Equity (Quarterly Data)