Axon Enterprise Inc. (AXON)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,474,590 | 4,005,660 | 3,742,370 | 3,616,200 | 3,436,840 | 3,254,180 | 3,077,400 | 3,007,950 | 2,851,890 | 2,010,430 | 1,932,020 | 1,772,450 | 1,688,210 | 1,645,390 | 1,526,890 | 1,404,860 | 1,381,020 | 1,279,150 | 1,232,910 | 877,451 |
| 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 |
| Financial leverage ratio | 1.92 | 1.91 | 1.94 | 1.99 | 2.13 | 2.14 | 2.13 | 2.14 | 2.25 | 1.63 | 1.62 | 1.58 | 1.61 | 1.48 | 1.39 | 1.39 | 1.41 | 1.43 | 1.42 | 1.57 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,474,590K ÷ $2,327,660K
= 1.92
Based on the data provided, the financial leverage ratio of Axon Enterprise Inc. has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The financial leverage ratio measures the extent to which the company relies on debt financing as opposed to equity financing.
Initially, from March 31, 2020, to June 30, 2021, the financial leverage ratio decreased gradually from 1.57 to 1.39, indicating a reduction in the company's reliance on debt to finance its operations. However, from September 30, 2021, to December 31, 2021, the ratio increased to 1.61 and continued to rise significantly, reaching its peak at 2.25 by December 31, 2022.
Subsequently, there was a slight decline in the financial leverage ratio by March 31, 2024, signaling a decrease in the company's debt relative to its equity. This downward trend continued, with the ratio decreasing to 1.92 by December 31, 2024.
Overall, the data suggests that Axon Enterprise Inc. has experienced fluctuations in its financial leverage ratio, indicating varying levels of reliance on debt financing throughout the period. A higher financial leverage ratio can indicate higher financial risk due to increased debt levels, while a lower ratio may reflect a more conservative financial structure with less reliance on debt. It is essential for stakeholders to monitor this ratio to assess the company's financial risk and leverage position effectively.
Peer comparison
Dec 31, 2024