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Axon Enterprise, Inc. (AXON)
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Axon Enterprise, Inc. (AXON) Interest Coverage Ratio: -0.66x

The interest coverage ratio for Axon Enterprise, Inc. (AXON) is -0.66x as of Tuesday, June 9, 2026.

AXON Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

-0.66x

AXON Competitors' Interest Coverage Ratio

NAMEMARKET CAPINTEREST COVERAGE RATIOTTM3Y5Y
Axon Enterprise, Inc. (AXON)-0.66xN/AN/AN/A
Paychex, Inc. (PAYX)$35.93B20.95x39.62x46.23x43.89x
Dover Corporation (DOV)$29.76B12.51x10.86x10.50x10.39x
Xylem Inc. (XYL)$26.35B42.17x32.55x22.71x17.22x
Rockwell Automation, Inc. (ROK)$51.24B9.12x8.74x10.37x10.03x
Old Dominion Freight Line, Inc. (ODFL)$51.73B4598.13x5940.57x4148.68x2954.41x
AMETEK, Inc. (AME)$52.67B23.82x19.79x19.62x17.78x
Fastenal Company (FAST)$53.48B267.05x236.95x179.28x160.05x
Fortive Corporation (FTV)$19.14B7.54x7.62x8.66x7.85x
Generac Holdings Inc. (GNRC)$15.36B4.09x5.04x6.09x10.13x

Financial Health Indicators

Interest Coverage

-0.7x

Debt/Equity

0.59

Current Ratio

2.53

Formula: Interest Coverage = EBIT / Interest Expense

Reference ranges:

  • < 1.5x: EBIT is less than 1.5 times interest expense
  • 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
  • 3x - 5x: EBIT is between 3 and 5 times interest expense
  • > 5x: EBIT is more than 5 times interest expense

Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.

Axon Enterprise, Inc. Interest Coverage Ratio Formula & Definition

Interest Coverage = EBIT / Interest Expense

The interest coverage ratio measures operating earnings relative to interest expense.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Axon Enterprise, Inc. Interest Coverage Ratio FAQ

What is the interest coverage ratio for Axon Enterprise, Inc. (AXON)?
The interest coverage ratio for AXON stock is -0.66x.

About Axon Enterprise, Inc.

Axon Enterprise, Inc., founded in 1993 and headquartered in Scottsdale, Arizona, was previously known as TASER International, Inc. until its rebranding in April 2017. The company specializes in the development, production, and sale of conducted energy devices (CEDs) marketed under its well-known TASER brand, catering to both domestic and international clients. Axon's operations are divided into two primary segments: TASER, and Software and Sensors. In addition to its signature TASER devices, such as the TASER 7, X26P, X2, and consumer models, along with their corresponding cartridges, Axon offers an extensive portfolio of hardware and cloud-based software. These solutions are designed to equip law enforcement agencies with the means to capture, securely archive, manage, share, and analyze video and other digital evidence. Key products in this category include on-officer body cameras, Axon Fleet in-car systems, the Axon Evidence digital evidence management platform, Axon Signal-enabled devices, extended hardware warranties, and vital accessories like docks, cartridges, and batteries. Axon distributes its offerings through multiple channels, including its dedicated direct sales force, various distribution partners, its online storefront, and authorized third-party resellers. Furthermore, the company has established a strategic partnership with Fusus, Inc. to enhance the functionality of Axon Respond and the Fusus Real Time Crime Center in the Cloud solution, providing agencies with real-time operational awareness and more efficient investigative processes.

Scottsdale, AZ
5,100 employees
Industrials / Aerospace & Defense
Sector
Industrials
Industry
Aerospace & Defense
CEO
Patrick W. Smith