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
10-Q - Q2 2024 - Jul 31, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 332 % +5.93%
Quick Ratio 101 % -13.3%
Return On Assets 16.2 % +25.7%
Operating Margin 22.2 % +10.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 192M shares +0.4%
Common Stock, Shares, Outstanding 192M shares +0.41%
Entity Public Float 16B USD +3.31%
Common Stock, Value, Issued 19.5M USD -0.5%
Weighted Average Number of Shares Outstanding, Basic 192M shares +0.41%
Weighted Average Number of Shares Outstanding, Diluted 193M shares +0.68%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 5.65B USD +14.9%
Research and Development Expense 945M USD +8.53%
Operating Income (Loss) 1.25B USD +26.7%
Nonoperating Income (Expense) 104M USD +4.35%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.36B USD +24.6%
Income Tax Expense (Benefit) 151M USD +61.3%
Net Income (Loss) Attributable to Parent 1.38B USD +38.4%
Earnings Per Share, Basic 7.18 USD/shares +38.3%
Earnings Per Share, Diluted 7.15 USD/shares +38.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.94B USD +35.9%
Accounts Receivable, after Allowance for Credit Loss, Current 808M USD +12.8%
Inventory, Net 1.32B USD -5.89%
Assets, Current 4.7B USD +14.3%
Deferred Income Tax Assets, Net 777M USD +57.3%
Property, Plant and Equipment, Net 1.21B USD +2.15%
Operating Lease, Right-of-Use Asset 130M USD -3.48%
Goodwill 600M USD +4.65%
Other Assets, Noncurrent 104M USD +1.7%
Assets 8.88B USD +12.9%
Accounts Payable, Current 332M USD +30.8%
Employee-related Liabilities, Current 172M USD +9.2%
Contract with Customer, Liability, Current 106M USD +10.9%
Liabilities, Current 1.62B USD +12%
Contract with Customer, Liability, Noncurrent 31.8M USD -11.4%
Accrued Income Taxes, Noncurrent 16.5M USD -52.4%
Deferred Income Tax Liabilities, Net 103M USD -11.7%
Operating Lease, Liability, Noncurrent 102M USD -7.74%
Other Liabilities, Noncurrent 571K USD +49.5%
Accumulated Other Comprehensive Income (Loss), Net of Tax -138M USD -19.7%
Retained Earnings (Accumulated Deficit) 5.16B USD +15.7%
Stockholders' Equity Attributable to Parent 7B USD +14.4%
Liabilities and Equity 8.88B USD +12.9%

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 -0.5%
Common Stock, Shares, Issued 195M shares -0.5%
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 1.94B USD +35.9%
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 1.35B USD +42.5%
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%
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%
Unrecognized Tax Benefits 13.6M USD -55.9%
Lessee, Operating Lease, Liability, to be Paid, Year Four 17.2M USD +14.7%
Deferred Tax Assets, Net of Valuation Allowance 873M USD +66.1%