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-K - Q4 2024 - Feb 19, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 339 % +3.49%
Quick Ratio 96.1 % -13.6%
Return On Assets 15.5 % -3.55%
Operating Margin 25.3 % +21.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 192M shares
Common Stock, Shares, Outstanding 192M shares +0.36%
Entity Public Float 25.3B USD +58.3%
Common Stock, Value, Issued 19.5M USD -0.5%
Weighted Average Number of Shares Outstanding, Basic 192M shares +0.35%
Weighted Average Number of Shares Outstanding, Diluted 193M shares +0.64%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 6.3B USD +20.4%
Research and Development Expense 994M USD +9.83%
Operating Income (Loss) 1.59B USD +45.9%
Nonoperating Income (Expense) 101M USD -6.28%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.7B USD +41.2%
Income Tax Expense (Benefit) 284M USD +247%
Net Income (Loss) Attributable to Parent 1.41B USD +9.45%
Earnings Per Share, Basic 7.35 USD/shares +9.05%
Earnings Per Share, Diluted 7.3 USD/shares +8.79%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2.08B USD +22.8%
Accounts Receivable, after Allowance for Credit Loss, Current 983M USD +20.6%
Inventory, Net 1.47B USD +9.51%
Assets, Current 5.34B USD +19.5%
Deferred Income Tax Assets, Net 823M USD +9%
Property, Plant and Equipment, Net 1.24B USD +1.05%
Operating Lease, Right-of-Use Asset 165M USD +14.6%
Goodwill 604M USD -0.74%
Other Assets, Noncurrent 107M USD +17.4%
Assets 9.63B USD +11.9%
Accounts Payable, Current 359M USD +41.6%
Employee-related Liabilities, Current 211M USD +11%
Contract with Customer, Liability, Current 111M USD +9.69%
Liabilities, Current 1.51B USD +15%
Contract with Customer, Liability, Noncurrent 28.3M USD -21.7%
Accrued Income Taxes, Noncurrent 7.01M USD -57.5%
Deferred Income Tax Liabilities, Net 103M USD -9.95%
Operating Lease, Liability, Noncurrent 135M USD +19.3%
Other Liabilities, Noncurrent 776K USD +78%
Accumulated Other Comprehensive Income (Loss), Net of Tax -147M USD -124%
Retained Earnings (Accumulated Deficit) 6B USD +14%
Stockholders' Equity Attributable to Parent 7.85B USD +11.9%
Liabilities and Equity 9.63B USD +11.9%

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 2.08B USD +22.8%
Deferred Tax Assets, Valuation Allowance 13.9M USD +8.05%
Operating Lease, Liability 163M USD +15.6%
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 -0.65%
Lessee, Operating Lease, Liability, to be Paid 195M USD +19.7%
Property, Plant and Equipment, Gross 2.38B USD +5.38%
Lessee, Operating Lease, Liability, to be Paid, Year Two 29.8M USD +3.39%
Lessee, Operating Lease, Liability, to be Paid, Year One 36.6M USD +5.63%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure +26.3%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 32.6M USD +45.1%
Lessee, Operating Lease, Liability, to be Paid, Year Three 23.9M USD +9.98%
Deferred Tax Assets, Operating Loss Carryforwards 22.6M USD +40.5%
Unrecognized Tax Benefits 5.3M USD -61%
Lessee, Operating Lease, Liability, to be Paid, Year Four 22M USD +28.1%
Deferred Tax Assets, Net of Valuation Allowance 966M USD +10.6%