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