Garmin Historical Balance Sheet

GRMN Stock  USD 215.40  0.18  0.08%   
Trend analysis of Garmin balance sheet accounts such as Other Current Liabilities of 455.6 M or Total Current Liabilities of 744.5 M provides information on Garmin's total assets, liabilities, and equity, which is the actual value of Garmin to its prevalent stockholders. By breaking down trends over time using Garmin balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Garmin latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Garmin is a good buy for the upcoming year.

Garmin Inventory

1.41 Billion

  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.

About Garmin Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Garmin at a specified time, usually calculated after every quarter, six months, or one year. Garmin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Garmin and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Garmin currently owns. An asset can also be divided into two categories, current and non-current.

Garmin Balance Sheet Chart

At this time, Garmin's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 14th of December 2024, Inventory is likely to grow to about 1.4 B, while Short and Long Term Debt Total is likely to drop about 60.5 M.

Total Assets

Total assets refers to the total amount of Garmin assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Garmin books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Garmin balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Garmin are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Accounts Payable

An accounting item on the balance sheet that represents Garmin obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Garmin are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most accounts from Garmin's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Garmin current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.At this time, Garmin's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 14th of December 2024, Inventory is likely to grow to about 1.4 B, while Short and Long Term Debt Total is likely to drop about 60.5 M.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total70.0M114.5M113.0M60.5M
Total Assets7.9B7.7B8.6B9.0B

Garmin balance sheet Correlations

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0.750.580.690.770.81-0.580.790.560.670.740.180.660.59-0.080.240.830.770.560.640.820.48-0.33-0.040.570.63
0.750.580.980.710.6-0.780.620.90.890.740.480.930.92-0.040.640.570.550.440.970.920.1-0.070.410.50.89
0.790.690.980.750.65-0.80.660.890.920.770.390.950.94-0.010.640.640.610.430.990.970.16-0.050.390.470.91
1.00.770.710.750.97-0.830.980.740.710.990.490.730.76-0.580.370.930.90.740.720.820.67-0.370.270.680.67
0.950.810.60.650.97-0.71.00.690.590.950.430.610.62-0.570.190.980.960.80.590.760.7-0.530.050.680.55
-0.86-0.58-0.78-0.8-0.83-0.7-0.71-0.67-0.91-0.82-0.26-0.88-0.850.38-0.57-0.64-0.64-0.4-0.8-0.8-0.51-0.06-0.54-0.5-0.89
0.960.790.620.660.981.0-0.710.70.590.960.470.620.64-0.590.20.970.940.810.60.760.7-0.520.080.690.55
0.760.560.90.890.740.69-0.670.70.750.750.560.840.85-0.130.490.660.710.620.860.880.16-0.330.270.550.76
0.740.670.890.920.710.59-0.910.590.750.70.210.980.920.010.640.540.540.340.920.920.260.070.470.470.99
0.990.740.740.770.990.95-0.820.960.750.70.560.740.78-0.580.450.910.870.750.750.820.63-0.370.330.680.66
0.50.180.480.390.490.43-0.260.470.560.210.560.350.5-0.440.50.330.360.650.440.380.1-0.490.390.680.2
0.770.660.930.950.730.61-0.880.620.840.980.740.350.96-0.010.660.560.560.420.950.940.23-0.020.470.550.97
0.80.590.920.940.760.62-0.850.640.850.920.780.50.96-0.110.740.560.570.450.950.920.21-0.030.550.580.91
-0.56-0.08-0.04-0.01-0.58-0.570.38-0.59-0.130.01-0.58-0.44-0.01-0.11-0.02-0.52-0.51-0.5-0.01-0.04-0.690.3-0.23-0.360.04
0.430.240.640.640.370.19-0.570.20.490.640.450.50.660.74-0.020.150.150.180.760.57-0.140.210.880.270.65
0.910.830.570.640.930.98-0.640.970.660.540.910.330.560.56-0.520.150.960.740.570.740.65-0.480.00.570.51
0.890.770.550.610.90.96-0.640.940.710.540.870.360.560.57-0.510.150.960.780.550.730.63-0.54-0.010.610.51
0.720.560.440.430.740.8-0.40.810.620.340.750.650.420.45-0.50.180.740.780.40.560.47-0.870.020.660.31
0.760.640.970.990.720.59-0.80.60.860.920.750.440.950.95-0.010.760.570.550.40.940.110.010.530.460.91
0.840.820.920.970.820.76-0.80.760.880.920.820.380.940.92-0.040.570.740.730.560.940.29-0.20.30.570.9
0.640.480.10.160.670.7-0.510.70.160.260.630.10.230.21-0.69-0.140.650.630.470.110.29-0.280.00.360.17
-0.33-0.33-0.07-0.05-0.37-0.53-0.06-0.52-0.330.07-0.37-0.49-0.02-0.030.30.21-0.48-0.54-0.870.01-0.2-0.280.37-0.490.09
0.32-0.040.410.390.270.05-0.540.080.270.470.330.390.470.55-0.230.880.0-0.010.020.530.30.00.370.10.47
0.670.570.50.470.680.68-0.50.690.550.470.680.680.550.58-0.360.270.570.610.660.460.570.36-0.490.10.46
0.710.630.890.910.670.55-0.890.550.760.990.660.20.970.910.040.650.510.510.310.910.90.170.090.470.46
Click cells to compare fundamentals

Garmin Account Relationship Matchups

Garmin balance sheet Accounts

201920202021202220232024 (projected)
Total Assets6.2B7.0B7.9B7.7B8.6B9.0B
Other Current Liab685.8M749.9M862.4M661.9M730.2M455.6M
Total Current Liabilities1.0B1.2B1.4B1.2B1.3B744.5M
Total Stockholder Equity4.8B5.5B6.1B6.2B7.0B7.4B
Property Plant And Equipment Net792.5M950.2M1.2B1.3B1.4B1.4B
Net Debt(978.3M)(1.4B)(1.4B)(1.2B)(1.6B)(1.5B)
Retained Earnings3.2B3.8B4.3B4.7B5.3B5.5B
Accounts Payable240.8M258.9M370.0M212.4M253.8M168.9M
Cash1.0B1.5B1.5B1.3B1.7B939.0M
Non Current Assets Total3.1B3.4B3.6B3.8B4.1B4.3B
Non Currrent Assets Other182.8M206.7M115.7M95.1M96.7M141.9M
Cash And Short Term Investments1.4B1.8B1.8B1.5B2.0B1.1B
Net Receivables706.8M849.5M843.4M656.8M815.2M564.6M
Common Stock Shares Outstanding190.9M191.9M193.0M193.0M192.1M161.3M
Liabilities And Stockholders Equity6.2B7.0B7.9B7.7B8.6B9.0B
Non Current Liabilities Total337.4M351.0M292.1M315.2M280.8M231.5M
Inventory752.9M762.1M1.2B1.5B1.3B1.4B
Other Current Assets169.0M211.7M344.7M330.8M334.9M351.6M
Other Stockholder Equity1.5B1.6B1.7B1.6B1.8B1.9B
Total Liab1.4B1.5B1.7B1.5B1.6B976.0M
Total Current Assets3.1B3.7B4.3B4.0B4.5B2.3B
Accumulated Other Comprehensive Income55.9M183.4M117.8M(114.5M)(65.6M)(62.3M)
Other Liab288.1M275.1M222.1M200.7M230.8M282.1M
Other Assets451.3M1.3B375.9M536.2M616.6M647.4M
Cash And Equivalents1.0B1.5B1.5B1.3B1.5B934.7M
Intangible Assets192.5M244.4M216.0M178.5M186.6M131.0M
Property Plant Equipment728.9M855.5M1.1B1.1B1.3B1.4B
Current Deferred Revenue94.6M86.9M87.7M91.1M101.2M121.5M
Short Term Investments376.5M387.6M348.0M173.3M274.6M165.2M
Property Plant And Equipment Gross792.5M855.5M1.2B1.3B2.4B2.5B
Good Will467.1M584.2M575.1M568.0M608.5M638.9M
Net Tangible Assets4.3B4.8B5.4B5.6B6.4B4.1B
Retained Earnings Total Equity3.2B3.8B4.3B4.7B5.4B5.7B
Capital Surpluse1.8B1.9B2.0B2.0B2.3B2.5B
Deferred Long Term Liab114.8M116.8M117.6M130.0M149.5M153.9M
Long Term Investments1.2B1.1B1.3B1.2B1.1B1.3B

Pair Trading with Garmin

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Garmin position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Garmin will appreciate offsetting losses from the drop in the long position's value.

Moving together with Garmin Stock

  0.74ELSE Electro SensorsPairCorr
  0.88FARO FARO TechnologiesPairCorr

Moving against Garmin Stock

  0.88ST Sensata TechnologiesPairCorr
  0.69WATT EnergousPairCorr
  0.66SVREW SaverOne 2014PairCorr
  0.55VPG Vishay PrecisionPairCorr
The ability to find closely correlated positions to Garmin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Garmin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Garmin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Garmin to buy it.
The correlation of Garmin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Garmin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Garmin moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Garmin can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Garmin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Garmin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Garmin Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Garmin Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Consumer Electronics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Garmin. If investors know Garmin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Garmin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.545
Dividend Share
3
Earnings Share
7.86
Revenue Per Share
31.044
Quarterly Revenue Growth
0.241
The market value of Garmin is measured differently than its book value, which is the value of Garmin that is recorded on the company's balance sheet. Investors also form their own opinion of Garmin's value that differs from its market value or its book value, called intrinsic value, which is Garmin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Garmin's market value can be influenced by many factors that don't directly affect Garmin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Garmin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Garmin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Garmin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.