Axon Enterprise Inc. (NASDAQ:AXON)

Debt to Equity Ratios

The debt to equity ratio is reported only for the final two quarters, showing a slight decrease from 0.53 to 0.48, suggesting a modest reduction in the relative debt level compared to equity. When including operating lease liabilities, the ratio exhibits minor fluctuations, starting at 0.02, dipping to 0.01, then rising sharply to 0.56 before slightly decreasing again to 0.51. This volatility may indicate changes in lease obligations impacting the overall financial structure.

Debt to Capital Ratios

The debt to capital ratio, reported for the last two quarters, declined from 0.35 to 0.32, indicating a small movement towards less debt reliance within the firm's total capital. Including operating lease liabilities, the ratio remained quite low initially at 0.02 and 0.01, followed by an increase to 0.36 and a minor decrease to 0.34, reflecting the influence of lease liabilities on the firm’s capitalization metrics.

Debt to Assets Ratios

The debt to assets ratio shows a reduction from 0.24 to 0.22 in the two recently reported quarters, implying a slight decline in debt financing relative to total assets. Inclusion of operating lease liabilities maintains a consistently low ratio of 0.01 initially, then increasing to 0.25 and 0.24, illustrating a similar pattern and the effect of operating leases on asset financing.

Financial Leverage

Financial leverage ratios are available for an extended period, revealing a generally stable trend around 1.4 to 1.6 from 2018 through early 2022, indicating moderate use of debt relative to equity. However, a significant increase is observed in the final two reported quarters, jumping from 1.63 to 2.25 and slightly decreasing to 2.14. This sharp rise suggests increased reliance on debt and possibly higher financial risk or strategic leveraging during this period.

Overall Observations

The data reflects a period of relative stability in leverage and debt ratios through most of the observed timeframe, with notable increases in financial leverage and volatility in lease-adjusted debt ratios in the most recent quarters. The inclusion of operating lease liabilities generally lowers the leverage metrics but introduces additional fluctuations, underscoring the importance of considering lease obligations in assessing financial risk. The slight downward trends in debt relative to equity, capital, and assets in the last two quarters suggest a modest move towards deleveraging, although the sharp increase in financial leverage warrants attention regarding potential changes in capital structure and associated risk.

The financial data reveals several notable trends over the analyzed periods. Starting with stockholders' equity, there is a consistent upward trajectory from March 31, 2018, through March 31, 2023. The equity value increased from approximately $199 million in early 2018 to over $1.4 billion by the first quarter of 2023, indicating strong growth and possibly successful capital retention or accumulation over time.

Total debt figures are only available for the last two quarters of the timeline, with amounts near $674 million for both the fourth quarter of 2022 and the first quarter of 2023. This lack of earlier data on debt limits trend analysis in that area. However, the reported debt levels suggest a material amount of leverage present in the most recent quarters.

The debt to equity ratio, reported only for the final two quarters, shows a decline from 0.53 to 0.48. This decrease indicates a reduction in leverage relative to the equity base, which could imply improved financial stability or equity growth outpacing debt increases during this period.

Stockholders’ equity

Demonstrates steady growth across the full period, growing more than sevenfold from 2018 to 2023.

Total debt

Reported only in late 2022 and early 2023, remaining relatively stable at approximately $674 million.

Debt to equity ratio

Shows a modest decrease from 0.53 to 0.48 in the most recent two quarters, reflecting a slight improvement in the leverage position.

Overall, the data suggests a strong equity growth alongside stable debt levels at the end of the period, resulting in a lower leverage ratio and potentially a more solid financial standing as of early 2023. The absence of complete debt data for earlier quarters limits a thorough evaluation of debt trends across the entire timeline.

The financial data indicates several notable trends over the evaluated periods. The stockholders' equity has shown a consistent upward trajectory from March 31, 2018, through March 31, 2023. Starting at approximately 199 million USD, it progressively increased, reaching over 1.4 billion USD by the end of the latest quarter. This steady growth reflects an overall strengthening in the company's net asset position.

Total debt, including operating lease liability, presents a highly irregular pattern with data available only for the last five quarters. Initially, debt was recorded near 20 million USD but then sharply increased to over 700 million USD in the December 31, 2022 quarter, maintaining a similar level in the subsequent quarter of March 2023. This sudden and significant rise in total debt suggests a major financing event or liability assumption occurred during this period.

The debt to equity ratio, available correspondingly for the last five quarters, corroborates this observation. Maintaining low levels of 0.01 to 0.02 for the earlier three quarters with available data, it surged to 0.56 and then slightly decreased to 0.51 in the final quarter. This sharp increase highlights a rise in leverage and potential changes in the company's capital structure during late 2022.

Stockholders' Equity

Exhibited a sustained quarter-over-quarter increase, indicating solid growth in company net worth.

Total Debt

Remained minimal or unreported until a dramatic rise starting in late 2022, reaching levels exceeding 700 million USD.

Debt to Equity Ratio

Was very low initially, implying minimal leverage, but escalated substantially in the recent quarters parallel to the debt increase, signaling increased financial risk or strategic borrowing.

In summary, the company demonstrated strong equity growth over the analyzed period but experienced a significant shift in its debt position and leverage ratio in late 2022. Such changes warrant further investigation to understand underlying causes, implications for financial stability, and impact on future performance.

Total debt

The total debt values are only available for the last two periods, March 31, 2023, and December 31, 2022, showing amounts of approximately $673.97 million and $674.72 million respectively. These figures indicate a relatively stable debt level at the end of the observed horizon.

Total capital

Total capital exhibits a rising trend over the full period from March 31, 2018, to March 31, 2023. It starts at $199.33 million in early 2018 and increases consistently with minor fluctuations, reaching $2.08 billion by March 31, 2023. This growth suggests significant capital expansion, particularly notable after mid-2019 and continuing robustly through 2022 and into 2023.

Debt to capital ratio

The debt to capital ratio data is available only for the last two periods, showing a decrease from 0.35 on December 31, 2022, to 0.32 on March 31, 2023. This reduction indicates a slight improvement in the capital structure with comparatively less reliance on debt financing relative to the total capital base.

The financial data reveals significant trends in the company's capital structure over the observed quarterly periods. The total capital, including operating lease liabilities, shows a general upward trajectory from March 31, 2018, through March 31, 2023. The capital expanded from approximately $199 million in early 2018 to over $2.1 billion by the first quarter of 2023, indicating substantial growth and possibly increased investment or retained earnings.

In contrast, the total debt, which includes operating lease liabilities, exhibits a different pattern. Debt figures are not reported for the earlier periods, but starting from March 31, 2022, values become available. During this later phase, total debt fluctuates, initially declining from $20.1 million at the end of Q1 2022 to around $16.3 million in Q3 2022, before rising dramatically to over $711 million by December 31, 2022. It remains elevated near $710 million in March 2023. This substantial increase in debt in late 2022 suggests a major financing event or increase in obligations during that period.

The debt-to-capital ratio, although not available for most of the periods, is recorded from June 30, 2022, onward. It remains very low, around 0.01 to 0.02, through Q3 2022, reflecting minimal debt relative to total capital. However, this ratio escalates sharply to 0.36 by December 31, 2022, before slightly declining to 0.34 at the end of Q1 2023. This shift corroborates the observed surge in total debt and indicates a significant change in the company's leverage, moving from low indebtedness to a moderate level within a short time frame.

Overall, the data suggests that while the company steadily increased its capital base over the years, a notable event in late 2022 led to a marked increase in debt, altering its financial leverage profile distinctly in the last two reported quarters.

Total Capital

Demonstrates consistent growth from approximately $199 million in early 2018 to over $2.1 billion by Q1 2023.

Total Debt

Available from March 2022 onwards, showing initial decline followed by a dramatic surge to over $711 million by late 2022, sustaining near that level into early 2023.

Debt to Capital Ratio

Very low and stable (0.01–0.02) through Q3 2022, then sharply increases to 0.36 in Q4 2022 and slightly decreases to 0.34 by Q1 2023, indicating a significant change in leverage.

The analysis of the quarterly financial data reveals several noteworthy trends and patterns regarding the company's assets and debt structure over the reported periods.

Total assets

The total assets demonstrate a consistent upward trend from March 2018 through March 2023. Starting at approximately 393 million US dollars, assets have steadily increased each quarter, reaching nearly 3.01 billion US dollars by March 31, 2023. This growth indicates substantial expansion in the asset base over the five-year period, reflecting ongoing investments, acquisitions, or organic growth of the company’s resource base.

Total debt

Data for total debt is available only for the final two reported quarters: December 31, 2022, and March 31, 2023, showing total debt values of approximately 674 million US dollars in both periods. The stability in total debt between these two quarters suggests that the company maintained a stable debt level at the end of the reporting horizon.

Debt to assets ratio

The debt to assets ratio, reported solely for the last two quarters, shows a slight decrease from 0.24 to 0.22. This decrease indicates an improvement in the company’s leverage position, where the proportion of debt relative to total assets has diminished. This could reflect asset growth outpacing the accumulation of debt or active debt management efforts aimed at reducing financial risk.

Overall, the company exhibits a strong growth trajectory in its asset base accompanied by a relatively stable and controlled debt level towards the end of the analysis period. These factors combined suggest improved financial stability and an enhanced capacity to support ongoing operations or future expansions with a sound asset base and manageable debt obligations.

The financial data reveals several notable trends over the analyzed periods. Total assets have shown a generally positive trajectory, indicating growth in the company's asset base. Starting from $392,985 thousand at the end of the first quarter of 2018, assets increased steadily and reached $3,007,949 thousand by the first quarter of 2023. This suggests a significant expansion in the company's resources over the five-year span.

Total debt, including operating lease liabilities, presents a less consistent pattern. Data for debt is sparse until 2022, when recorded values show amounts fluctuating between roughly $16,311 thousand and over $711,110 thousand, with a notable spike in the last quarter of 2022 and continuing into early 2023. This considerable increase in total debt toward the end of the period contrasts with earlier years, where no debt figures are reported, implying a shift in financing or reporting practices during that time.

The debt-to-assets ratio, available only for the later periods, aligns with the debt data trend. Initially low, around 0.01, it increases significantly to approximately 0.25 in the final quarter of 2022 and remains elevated at 0.24 in the first quarter of 2023. This change indicates a substantial rise in leverage, meaning the company's debt obligations grew relative to its asset base during the last two reported quarters, potentially reflecting increased borrowing or capital structure adjustments.

Total assets

Consistent growth from roughly $393 million in Q1 2018 to about $3 billion in Q1 2023, showing asset growth approximately eightfold over five years.

Total debt

Largely unreported or minimal up to mid-2022; sharp increase to over $700 million by late 2022 and early 2023, indicating substantial new liabilities or changes in accounting/reporting.

Debt-to-assets ratio

Remains minimal (0.01) across early years; escalates to around 0.25 in Q4 2022 and Q1 2023, signaling a heavier debt burden relative to assets in the most recent periods.

Overall, the data points to strong asset growth and a recent significant increase in liability levels, suggesting a shift in the company's financing structure or an expansion effort possibly supported by increased debt. The elevated debt-to-assets ratio in the latest quarters may warrant attention regarding financial risk and capital management.

Total assets

Total assets exhibited a consistent upward trend over the observed periods, beginning at approximately $393 million in the first quarter of 2018 and rising to about $3 billion by the first quarter of 2023. There was a notable acceleration in asset growth starting around mid-2020, where the figures increased from around $1.23 billion in June 2020 to nearly $2.85 billion by the end of 2022. The pace of growth was especially strong during the last several quarters, indicating a significant expansion in the company's asset base.

Stockholders’ equity

Stockholders' equity also showed a general increase throughout the period, starting at just under $200 million in the first quarter of 2018 and reaching approximately $1.4 billion by the first quarter of 2023. The growth accelerated notably after mid-2020, mirroring the asset growth pattern, with equity rising sharply from around $870 million in June 2020 to over $1.4 billion in early 2023. Though the equity figures fluctuated in some quarters, the overall trend reveals strengthening capital support from shareholders over time.

Financial leverage

The financial leverage ratio, defined as total assets divided by stockholders’ equity, demonstrated variation but maintained a moderate range for most of the term. Initially, leverage stood at around 1.97 in early 2018, and then it decreased steadily to approximately 1.39 by mid-2021, signaling reduced reliance on debt financing in relation to equity. However, from late 2021 onward, leverage increased notably, rising to a peak of about 2.25 by March 2023. This upward movement in leverage suggests an increased application of debt or other liabilities relative to equity during this most recent period.

Overall insights

The company displayed substantial growth in both total assets and stockholders’ equity over the analyzed timeframe, with particularly rapid expansion occurring post-mid 2020. Despite this growth, the leverage ratio indicates a strategic shift towards greater use of financial leverage in the later years, which could imply higher risk exposure or active capital structure management aimed at supporting accelerated growth. The trends reflect a phase of scaling and potential increased borrowing to finance asset expansion.