Garmin Ltd financial data

Symbol
GRMN on NYSE
Industry
Search, Detection, Navigation, Guidance, Aeronautical Sys
Location
Muhlentalstrasse 2, Schaffhausen, Switzerland
State of incorporation
Switzerland
Fiscal year end
December 28
Latest financial report
Q1 2024 - May 1, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 331 % +9.42%
Quick Ratio 105 % -6.8%
Return On Assets 16.5 % +32%
Operating Margin 21.9 % +6.07%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 192 M shares +0.41%
Common Stock, Shares, Outstanding 192 M shares +0.33%
Entity Public Float 16 B USD +3.31%
Common Stock, Value, Issued 19.5 M USD +8.4%
Weighted Average Number of Shares Outstanding, Basic 192 M shares +0.21%
Weighted Average Number of Shares Outstanding, Diluted 193 M shares +0.42%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 5.46 B USD +13%
Research and Development Expense 926 M USD +9.25%
Operating Income (Loss) 1.19 B USD +19.8%
Nonoperating Income (Expense) 112 M USD +105%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.31 B USD +24.2%
Income Tax Expense (Benefit) 114 M USD +31.2%
Net Income (Loss) Attributable to Parent 1.36 B USD +41.4%
Earnings Per Share, Basic 7.12 USD/shares +41.8%
Earnings Per Share, Diluted 7.09 USD/shares +41.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.92 B USD +41.1%
Accounts Receivable, after Allowance for Credit Loss, Current 695 M USD +13.8%
Inventory, Net 1.3 B USD -12%
Assets, Current 4.52 B USD +14%
Deferred Income Tax Assets, Net 763 M USD +67.7%
Property, Plant and Equipment, Net 1.21 B USD +3.55%
Operating Lease, Right-of-Use Asset 136 M USD +1.28%
Goodwill 602 M USD +5.26%
Other Assets, Noncurrent 88.1 M USD -1.67%
Assets 8.63 B USD +11.8%
Accounts Payable, Current 243 M USD +16.4%
Employee-related Liabilities, Current 193 M USD +17%
Contract with Customer, Liability, Current 101 M USD +11.2%
Liabilities, Current 1.12 B USD +10.8%
Contract with Customer, Liability, Noncurrent 33.9 M USD -1.31%
Accrued Income Taxes, Noncurrent 16.1 M USD -53.8%
Deferred Income Tax Liabilities, Net 114 M USD -13.5%
Operating Lease, Liability, Noncurrent 106 M USD -4.96%
Other Liabilities, Noncurrent 550 K USD +47.8%
Accumulated Other Comprehensive Income (Loss), Net of Tax -122 M USD -41%
Retained Earnings (Accumulated Deficit) 5.44 B USD +10.2%
Stockholders' Equity Attributable to Parent 7.25 B USD +13.1%
Liabilities and Equity 8.63 B USD +11.8%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 435 M USD +55.9%
Net Cash Provided by (Used in) Financing Activities -156 M USD +18.8%
Net Cash Provided by (Used in) Investing Activities -36.9 M USD -367%
Common Stock, Shares Authorized 195 M shares -1.6%
Common Stock, Shares, Issued 195 M shares -1.6%
Common Stock, Par or Stated Value Per Share 0.1 CHF/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 228 M USD +177%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.92 B USD +41.1%
Deferred Tax Assets, Valuation Allowance 12.9 M USD -24.6%
Operating Lease, Liability 141 M USD +0.8%
Depreciation 33.9 M USD +6.07%
Payments to Acquire Property, Plant, and Equipment 33.2 M USD -29.1%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 1.33 B USD +53.2%
Lessee, Operating Lease, Liability, to be Paid 163 M USD +1.2%
Property, Plant and Equipment, Gross 2.25 B USD +9.88%
Lessee, Operating Lease, Liability, to be Paid, Year Two 28.8 M USD +4.39%
Lessee, Operating Lease, Liability, to be Paid, Year One 34.7 M USD +13%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 0%
Deferred Income Tax Expense (Benefit) -340 M USD -138%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 22.5 M USD +3.76%
Lessee, Operating Lease, Liability, to be Paid, Year Three 21.8 M USD +64.7%
Deferred Tax Assets, Operating Loss Carryforwards 16.1 M USD +224%
Deferred Federal Income Tax Expense (Benefit) -122 M USD +18.3%
Current Income Tax Expense (Benefit) 250 M USD +7.1%
Unrecognized Tax Benefits 13.6 M USD -55.9%
Lessee, Operating Lease, Liability, to be Paid, Year Four 17.2 M USD +14.7%
Operating Lease, Payments 34.6 M USD +20.5%
Current State and Local Tax Expense (Benefit) 6.76 M USD -47.5%
Current Federal Tax Expense (Benefit) 26 M USD -43.1%
Amortization of Intangible Assets 30.5 M USD -0.16%
Deferred Tax Assets, Net of Valuation Allowance 873 M USD +66.1%
Deferred State and Local Income Tax Expense (Benefit) -26.6 M USD +8.77%