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

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 5.46B USD +13%
Research and Development Expense 926M USD +9.25%
Operating Income (Loss) 1.19B USD +19.8%
Nonoperating Income (Expense) 112M USD +105%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.31B USD +24.2%
Income Tax Expense (Benefit) 114M USD +31.2%
Net Income (Loss) Attributable to Parent 1.36B 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 1.92B USD +41.1%
Accounts Receivable, after Allowance for Credit Loss, Current 695M USD +13.8%
Inventory, Net 1.3B USD -12%
Assets, Current 4.52B USD +14%
Deferred Income Tax Assets, Net 763M USD +67.7%
Property, Plant and Equipment, Net 1.21B USD +3.55%
Operating Lease, Right-of-Use Asset 136M USD +1.28%
Goodwill 602M USD +5.26%
Other Assets, Noncurrent 88.1M USD -1.67%
Assets 8.63B USD +11.8%
Accounts Payable, Current 243M USD +16.4%
Employee-related Liabilities, Current 193M USD +17%
Contract with Customer, Liability, Current 101M USD +11.2%
Liabilities, Current 1.12B USD +10.8%
Contract with Customer, Liability, Noncurrent 33.9M USD -1.31%
Accrued Income Taxes, Noncurrent 16.1M USD -53.8%
Deferred Income Tax Liabilities, Net 114M USD -13.5%
Operating Lease, Liability, Noncurrent 106M USD -4.96%
Other Liabilities, Noncurrent 550K USD +47.8%
Accumulated Other Comprehensive Income (Loss), Net of Tax -122M USD -41%
Retained Earnings (Accumulated Deficit) 5.44B USD +10.2%
Stockholders' Equity Attributable to Parent 7.25B USD +13.1%
Liabilities and Equity 8.63B USD +11.8%

Popular Metrics

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