• Axon Enterprise average quick ratio for 2023 was 2.88, a 20.5% decline from 2022.
• Axon Enterprise average quick ratio for 2022 was 2.39, a 23.4% increase from 2021.
• Axon Enterprise average quick ratio for 2021 was 3.12, a 1.89% decline from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.