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Axos Financial stock: balance sheet and debt

AX
$91.29Closing price of 12 Nov 2026MEQIRI Score 79 out of 100

Axos Financial has total assets of $29.96B and an equity ratio of 10.6%.

Daily figure as of 13 Nov 2026

Debt / Equity
0.34
Interest coverage
no data
Current ratio
0.07
Cash & equivalents
$1.16B
Total assets
$29.96B
Equity ratio
10.6%
Goodwill
$144.33M
Plus intangible assets of $130.64M

For banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.

Total assets and equity ratio

How large the balance sheet of Axos Financial, Inc. is, how much of it is equity and how much is goodwill from acquisitions.

Equity ratio

Figures as a table
YearTotal assetsGoodwill and intangible assetsof which goodwillEquity ratio
2007$947.16Mnot reported separatelynot reported separately7.7%
2008$1.19Bnot reported separatelynot reported separately7.0%
2009$1.3Bnot reported separatelynot reported separately6.8%
2010$1.42Bnot reported separatelynot reported separately9.1%
2011$1.94Bnot reported separatelynot reported separately7.6%
2012$2.39Bnot reported separatelynot reported separately8.7%
2013$3.09Bnot reported separatelynot reported separately8.7%
2014$4.4B$562Knot split out8.4%
2015$5.82B$2.1Mnot split out9.2%
2016$7.6B$3.94Mnot split out9.0%
2017$8.5B$7.2Mnot split out9.8%
2018$9.54B$78.54M$35.72M10.1%
2019$11.22B$144.68M$71.22M9.6%
2020$13.85B$136.06M$71.22M8.9%
2021$14.27B$133.88M$71.22M9.8%
2022$17.46B$181.62M$95.67M9.4%
2023$20.35B$177.59M$97.67M9.4%
2024$22.86B$170.69M$97.67M10.0%
2025$24.78B$161.72M$97.67M10.8%
2026$29.96B$274.97M$144.33M10.6%

The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is not shown for banks, insurers and other financial companies: for them, cash and bonds are part of the business and are not available to pay down debt. For banks the equity ratio is usually low because customer deposits carry much of the balance sheet. In years without separate goodwill, the table shows the sum of goodwill and intangible assets, because the data do not list goodwill separately there.

Equity and debt

What the company owns and owes

  • Cash & equivalents
  • Equity
  • Bonds and loans (excluding deposits)
Figures as a table
YearCash & equivalentsEquityBonds and loans (excluding deposits)Debt / Equity
2007no data$72.75M$322.45M4.43
2008no data$83.08M$534.12M6.43
2009no data$88.94M$558.14M6.28
2010no data$129.81M$318.15M2.45
2011$151.49M$147.77M$442.66M3
2012$184.8M$206.62M$781.16M3.78
2013$381.87M$268.26M$705.57M2.63
2014$370.26M$370.78M$960.16M2.59
2015$386.14M$533.53M$793.16M1.49
2016$752.07M$683.59M$818.02M1.2
2017$892.64M$834.25M$714.46M0.86
2018$803.06M$960.51M$511.55M0.53
2019$738.64M$1.07B$627.43M0.58
2020$1.94B$1.23B$478.29M0.39
2021$902.96M$1.4B$574.86M0.41
2022$1.47B$1.64B$562.74M0.34
2023$2.47B$1.92B$451.78M0.24
2024$2.12B$2.29B$415.68M0.18
2025$2B$2.68B$372.67M0.14
2026$1.16B$3.17B$1.07B0.34

Data status and sources

Score
Daily value of 13 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2026, period end 30 Jun 2026
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Strong, published since 7 Nov 2026 (in the score history since 30 Apr 2023)
  • Valuation signal Undervalued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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