Garmin Non Currrent Assets Other vs Net Debt Analysis

GRMN Stock  USD 215.40  0.18  0.08%   
Garmin financial indicator trend analysis is much more than just examining Garmin latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Garmin is a good investment. Please check the relationship between Garmin Non Currrent Assets Other and its Net Debt accounts. 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.

Non Currrent Assets Other vs Net Debt

Non Currrent Assets Other vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Garmin Non Currrent Assets Other account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Garmin's Non Currrent Assets Other and Net Debt is -0.26. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Net Debt in the same time period over historical financial statements of Garmin, assuming nothing else is changed. The correlation between historical values of Garmin's Non Currrent Assets Other and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Garmin are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Non Currrent Assets Other i.e., Garmin's Non Currrent Assets Other and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Garmin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Garmin current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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 Selling General Administrative is very stable compared to the past year. As of the 14th of December 2024, Enterprise Value is likely to grow to about 6.2 B, though Tax Provision is likely to grow to (84.8 M).
 2021 2022 2023 2024 (projected)
Interest Expense57.1M40.8M46.9M36.0M
Depreciation And Amortization154.8M163.9M177.6M186.5M

Garmin fundamental ratios Correlations

0.750.750.791.00.95-0.860.960.760.740.990.50.770.8-0.560.430.910.890.720.760.840.64-0.330.320.670.71
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 fundamental ratios 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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.