What is AXT's current ratio?

AXT (AXTI) reported current ratio of 2.6× in Q1 2026.

How has AXT's current ratio changed year-over-year?

AXT's current ratio increased by 30.5% year-over-year, from 2× to 2.6×.

What is the long-term trend for AXT's current ratio?

Over 5 years (2020 to 2025), AXT's current ratio has grown at a -8.3% compound annual growth rate (CAGR), from 4.2× to 2.7×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

AXT AXTI Current ratio

Current ratio at other companies

Veeco InstrumentsVECO

4.2×-0.2×

EntegrisENTG

3.2×0.0×

Applied MaterialsAMAT

2.5×0.0×

KLA CorporationKLAC

3×+0.5×

Element SolutionsESI

2.7×-1.3×

Axcelis TechnologiesACLS

4.6×-1.0×

Other financials

Income statement

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Revenue$26.9M+39.1%

Gross profit-$1.2M-120%

Operating income-$10.3M-207%

Net income-$1.5M+83.1%

EPS (diluted)-$0.20-300%

Balance sheet

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Cash & equivalents$41.8M+32.2%

Total debt$65.7M+23.6%

Total equity$274.9M+48.6%

Total assets$444.6M+33.3%

Cash flow

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Operating cash flow-$11.7M-249%

CapEx$1.4M+169%

Free cash flow-$13.1M-239%

Valuation

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Market cap$5.53B+4,825%

Profitability

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Gross margin17.2%-0.9pp

Operating margin-22.6%-2.5pp

Net margin-15.3%-2.5pp

FCF margin-30.5%—

Returns & leverage

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Return on equity-6.4%-1.6pp

Debt / equity0.2×0.0×

Where this comes from

Calculated from AXT’s reported figures.

total current assets/total current liabilities=2.6×

Based on the most recent quarter.

The official record: AXT’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AXT's current ratio?: AXT (AXTI) reported current ratio of 2.6× in Q1 2026.
How has AXT's current ratio changed year-over-year?: AXT's current ratio increased by 30.5% year-over-year, from 2× to 2.6×.
What is the long-term trend for AXT's current ratio?: Over 5 years (2020 to 2025), AXT's current ratio has grown at a -8.3% compound annual growth rate (CAGR), from 4.2× to 2.7×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.