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 - Q3 2024 - Oct 30, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 335 % +3.55%
Quick Ratio 97.2 % -16.8%
Return On Assets 17.1 % +28.6%
Operating Margin 23.8 % +18%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 192M shares +0.36%
Common Stock, Shares, Outstanding 192M shares +0.39%
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 +0.4%
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 5.96B USD +17.9%
Research and Development Expense 972M USD +10.1%
Operating Income (Loss) 1.42B USD +39.2%
Nonoperating Income (Expense) 144M USD +12.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.56B USD +36.2%
Income Tax Expense (Benefit) 216M USD +103%
Net Income (Loss) Attributable to Parent 1.52B USD +45.8%
Earnings Per Share, Basic 7.92 USD/shares +45.6%
Earnings Per Share, Diluted 7.88 USD/shares +45.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2.01B USD +41.2%
Accounts Receivable, after Allowance for Credit Loss, Current 922M USD +27.9%
Inventory, Net 1.51B USD +4.56%
Assets, Current 5.21B USD +25.3%
Deferred Income Tax Assets, Net 788M USD +53%
Property, Plant and Equipment, Net 1.22B USD +2.76%
Operating Lease, Right-of-Use Asset 138M USD -2.11%
Goodwill 612M USD +2.93%
Other Assets, Noncurrent 98M USD +5.65%
Assets 9.35B USD +17.4%
Accounts Payable, Current 374M USD +39.5%
Employee-related Liabilities, Current 219M USD +11.3%
Contract with Customer, Liability, Current 113M USD +15%
Liabilities, Current 1.58B USD +18.9%
Contract with Customer, Liability, Noncurrent 30.2M USD -14.9%
Accrued Income Taxes, Noncurrent 16.9M USD -31.4%
Deferred Income Tax Liabilities, Net 105M USD -9.81%
Operating Lease, Liability, Noncurrent 110M USD -1.08%
Other Liabilities, Noncurrent 602K USD +55.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax -50.7M USD +68.5%
Retained Earnings (Accumulated Deficit) 5.56B USD +17.8%
Stockholders' Equity Attributable to Parent 7.51B USD +18.2%
Liabilities and Equity 9.35B USD +17.4%

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 2.01B USD +41.2%
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 1.63B USD +49.8%
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%