Stock Analysis on Net

Axon Enterprise Inc. (NASDAQ:AXON)

This company has been moved to the archive! The financial data has not been updated since May 9, 2023.

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Axon Enterprise Inc., liquidity ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Current ratio 3.00 2.65 3.83 3.17 3.36
Quick ratio 2.21 1.83 3.09 2.54 2.89
Cash ratio 1.62 1.06 2.19 1.79 2.11

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Axon Enterprise Inc. current ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Axon Enterprise Inc. quick ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Axon Enterprise Inc. cash ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Current Ratio

Axon Enterprise Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Current assets 1,805,278 1,109,490 981,952 619,091 558,155
Current liabilities 602,646 418,521 256,331 195,566 166,011
Liquidity Ratio
Current ratio1 3.00 2.65 3.83 3.17 3.36
Benchmarks
Current Ratio, Competitors2
Boeing Co. 1.22 1.33 1.39 1.05
Caterpillar Inc. 1.39 1.46 1.53 1.47
Eaton Corp. plc 1.38 1.04 1.56 1.70
GE Aerospace 1.16 1.28 1.58 1.16
Honeywell International Inc. 1.25 1.30 1.47 1.34
Lockheed Martin Corp. 1.32 1.42 1.39 1.22
RTX Corp. 1.09 1.19 1.21 1.08
Current Ratio, Sector
Capital Goods 1.22 1.31 1.43 1.17
Current Ratio, Industry
Industrials 1.21 1.30 1.42 1.19

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 1,805,278 ÷ 602,646 = 3.00

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Axon Enterprise Inc. current ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Quick Ratio

Axon Enterprise Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 353,684 356,332 155,440 172,250 349,462
Marketable securities 39,240 72,180
Short-term investments 581,769 14,510 406,525 178,534
Accounts and notes receivable, net of allowance 358,190 320,819 229,201 146,878 130,579
Total quick assets 1,332,883 763,841 791,166 497,662 480,041
 
Current liabilities 602,646 418,521 256,331 195,566 166,011
Liquidity Ratio
Quick ratio1 2.21 1.83 3.09 2.54 2.89
Benchmarks
Quick Ratio, Competitors2
Boeing Co. 0.32 0.34 0.41 0.23
Caterpillar Inc. 0.79 0.89 1.02 0.98
Eaton Corp. plc 0.73 0.54 0.68 0.78
GE Aerospace 0.81 0.93 1.27 0.86
Honeywell International Inc. 0.88 0.94 1.15 0.99
Lockheed Martin Corp. 1.09 1.15 1.05 0.93
RTX Corp. 0.69 0.81 0.78 0.73
Quick Ratio, Sector
Capital Goods 0.64 0.71 0.83 0.64
Quick Ratio, Industry
Industrials 0.70 0.78 0.87 0.71

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,332,883 ÷ 602,646 = 2.21

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Axon Enterprise Inc. quick ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Cash Ratio

Axon Enterprise Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 353,684 356,332 155,440 172,250 349,462
Marketable securities 39,240 72,180
Short-term investments 581,769 14,510 406,525 178,534
Total cash assets 974,693 443,022 561,965 350,784 349,462
 
Current liabilities 602,646 418,521 256,331 195,566 166,011
Liquidity Ratio
Cash ratio1 1.62 1.06 2.19 1.79 2.11
Benchmarks
Cash Ratio, Competitors2
Boeing Co. 0.19 0.20 0.29 0.10
Caterpillar Inc. 0.22 0.31 0.36 0.31
Eaton Corp. plc 0.09 0.08 0.19 0.12
GE Aerospace 0.44 0.54 0.78 0.60
Honeywell International Inc. 0.51 0.59 0.79 0.58
Lockheed Martin Corp. 0.16 0.26 0.23 0.11
RTX Corp. 0.16 0.22 0.25 0.21
Cash Ratio, Sector
Capital Goods 0.26 0.32 0.44 0.31
Cash Ratio, Industry
Industrials 0.29 0.35 0.45 0.34

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 974,693 ÷ 602,646 = 1.62

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Axon Enterprise Inc. cash ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.