Garmin Financial Statements From 2010 to 2026

Garmin Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 11.6 B 11.1 B 6.4 B Slightly volatile Short and Long Term Debt Total 196.6 M 187.2 M 81.8 M Slightly volatile Other Current Liabilities 446.5 M 822.3 M 582.7 M Slightly volatile Total Current Liabilities 1.8 B 1.7 B 1.1 B Slightly volatile Total Stockholder Equity 9.5 B 9 B 5 B Slightly volatile Property Plant And Equipment Net 1.7 B 1.6 B 833.8 M Slightly volatile Retained Earnings 7.2 B 6.9 B 3.4 B Slightly volatile Accounts Payable 433.9 M 413.3 M 227.9 M Slightly volatile Cash 2.5 B 2.4 B 1.3 B Slightly volatile Non Current Assets Total 5.2 B 4.9 B 3 B Slightly volatile Cash And Short Term Investments 3 B 2.9 B 1.6 B Slightly volatile Net Receivables 584.3 M 1.1 B 665 M Slightly volatile Common Stock Shares Outstanding 161 M 174.1 M 190 M Slightly volatile Liabilities And Stockholders Equity 11.6 B 11.1 B 6.4 B Slightly volatile Non Current Liabilities Total 234.2 M 315.4 M 295.6 M Pretty Stable Inventory 1.8 B 1.7 B 838.8 M Slightly volatile Other Current Assets 456.5 M 434.7 M 235.4 M Slightly volatile Total Liabilities 2.2 B 2 B 1.4 B Slightly volatile Total Current Assets 6.4 B 6.1 B 3.4 B Slightly volatile Short Term Debt 41.2 M 32.1 M 30.8 M Slightly volatile Common Stock 21.3 M 22.4 M 541 M Slightly volatile Other Liabilities 282.1 M 230.8 M 257.2 M Very volatile Other Assets 647.4 M 616.6 M 395.8 M Slightly volatile Cash And Equivalents 934.7 M 1.5 B 1.1 B Slightly volatile Intangible Assets 132.6 M 177.3 M 132.5 M Slightly volatile Property Plant Equipment 1.4 B 1.3 B 729.8 M Slightly volatile Current Deferred Revenue 121.6 M 127.6 M 134.2 M Slightly volatile Common Stock Total Equity 19.6 M 20.7 M 540.6 M Slightly volatile Short Term Investments 508.7 M 484.5 M 261 M Slightly volatile Property Plant And Equipment Gross 3.1 B 2.9 B 1.1 B Slightly volatile Good Will 729.3 M 694.5 M 385.7 M Slightly volatile Net Tangible Assets 4.1 B 6.4 B 4.2 B Slightly volatile Capital Surpluse 2.5 B 2.3 B 1.3 B Slightly volatile Deferred Long Term Liabilities 153.9 M 149.5 M 141.6 M Very volatile Long Term Investments 1.3 B 1.4 B 1.2 B Pretty Stable Non Current Liabilities Other 663.5 K 698.4 K 97.6 M Slightly volatile Deferred Long Term Asset Charges 8.4 M 8.8 M 89.2 M Slightly volatile Net Invested Capital 6.2 B 9 B 5.1 B Slightly volatile Net Working Capital 2.8 B 4.4 B 2.3 B Slightly volatile Capital Stock 20.3 M 22.4 M 18.6 M Slightly volatile Capital Lease Obligations 102.2 M 155.1 M 74 M Slightly volatile
Garmin Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 217 M 206.7 M 119.2 M Slightly volatile Interest Expense 31.4 M 46.9 M 36.5 M Slightly volatile Total Revenue 7.6 B 7.2 B 4 B Slightly volatile Gross Profit 4.5 B 4.3 B 2.3 B Slightly volatile Other Operating Expenses 5.7 B 5.4 B 3 B Slightly volatile Operating Income 1.9 B 1.8 B 930.4 M Slightly volatile EBIT 1.9 B 1.8 B 931.8 M Slightly volatile Research Development 1.2 B 1.1 B 623.7 M Slightly volatile EBITDA 2.1 B 2 B 1.1 B Slightly volatile Cost Of Revenue 3.1 B 3 B 1.7 B Slightly volatile Total Operating Expenses 2.5 B 2.4 B 1.3 B Slightly volatile Income Before Tax 2 B 1.9 B 978.1 M Slightly volatile Net Income 1.7 B 1.6 B 852.3 M Slightly volatile Selling General Administrative 1.1 B 1.1 B 567.9 M Slightly volatile Net Income Applicable To Common Shares 614.3 M 1.1 B 716.7 M Slightly volatile Selling And Marketing Expenses 173.8 M 220.3 M 163.4 M Slightly volatile Net Income From Continuing Ops 851.6 M 1.6 B 839.8 M Slightly volatile Interest Income 137.1 M 130.5 M 45.4 M Slightly volatile Net Interest Income 137.1 M 130.5 M 55 M Slightly volatile Reconciled Depreciation 150.1 M 206.7 M 120.7 M Slightly volatile
Garmin Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Free Cash Flow 1.5 B 1.4 B 743.2 M Slightly volatile Begin Period Cash Flow 2 B 1.9 B 1.2 B Slightly volatile Depreciation 217 M 206.7 M 119.2 M Slightly volatile Dividends Paid 691.1 M 658.2 M 431.8 M Slightly volatile Capital Expenditures 112.7 M 222.6 M 137.3 M Slightly volatile Total Cash From Operating Activities 1.7 B 1.6 B 887.7 M Slightly volatile Net Income 1.7 B 1.6 B 852.3 M Slightly volatile End Period Cash Flow 2.5 B 2.4 B 1.3 B Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 5.42 5.41 4.1987 Slightly volatile Dividend Yield 0.0206 0.0204 0.0301 Slightly volatile PTB Ratio 4.84 4.03 3.3448 Slightly volatile Days Sales Outstanding 54.96 51.22 66.2772 Slightly volatile Book Value Per Share 34.62 32.97 26.4157 Slightly volatile Free Cash Flow Yield 0.0607 0.0552 0.0509 Slightly volatile Operating Cash Flow Per Share 6.8 6.47 4.7865 Slightly volatile Stock Based Compensation To Revenue 0.0118 0.0175 0.0151 Slightly volatile Capex To Depreciation 1.67 1.26 1.213 Slightly volatile PB Ratio 4.84 4.03 3.3448 Slightly volatile EV To Sales 5.13 5.06 4.0774 Pretty Stable Free Cash Flow Per Share 5.83 5.55 4.0103 Slightly volatile ROIC 0.21 0.17 0.1524 Slightly volatile Inventory Turnover 3.0 1.9 2.3897 Slightly volatile Net Income Per Share 6.37 6.06 4.536 Slightly volatile Days Of Inventory On Hand 118 199 165 Slightly volatile Payables Turnover 6.2 7.88 7.7409 Pretty Stable Sales General And Administrative To Revenue 0.1 0.14 0.1386 Very volatile Research And Ddevelopement To Revenue 0.096 0.16 0.1515 Slightly volatile Capex To Revenue 0.048 0.0429 0.0368 Slightly volatile Cash Per Share 9.72 9.25 8.1965 Slightly volatile POCF Ratio 23.01 20.56 19.1447 Slightly volatile Interest Coverage 866 460 508 Slightly volatile Payout Ratio 0.36 0.39 0.5554 Slightly volatile Capex To Operating Cash Flow 0.21 0.16 0.1731 Slightly volatile PFCF Ratio 33.63 23.95 23.989 Slightly volatile Days Payables Outstanding 54.05 47.91 48.0959 Pretty Stable Income Quality 0.85 0.96 1.0682 Slightly volatile ROE 0.24 0.21 0.1726 Slightly volatile EV To Operating Cash Flow 21.82 19.24 18.6118 Pretty Stable PE Ratio 22.2 21.94 19.6891 Pretty Stable Return On Tangible Assets 0.2 0.19 0.1458 Slightly volatile EV To Free Cash Flow 32.25 22.41 23.3217 Pretty Stable Earnings Yield 0.0642 0.0603 0.055 Very volatile Intangibles To Total Assets 0.0495 0.0832 0.0762 Slightly volatile Current Ratio 4.28 3.92 3.1255 Slightly volatile Tangible Book Value Per Share 30.7 29.23 23.6064 Slightly volatile Receivables Turnover 6.31 7.38 5.6722 Slightly volatile Graham Number 70.43 67.07 51.8312 Slightly volatile Shareholders Equity Per Share 34.62 32.97 26.4157 Slightly volatile Debt To Equity 0.0176 0.0185 0.0182 Slightly volatile Capex Per Share 0.96 0.92 0.7756 Slightly volatile Graham Net Net 8.2 7.81 5.8734 Slightly volatile Revenue Per Share 25.81 24.58 20.7118 Slightly volatile Interest Debt Per Share 0.56 0.53 0.6772 Slightly volatile Debt To Assets 0.0144 0.0151 0.0147 Slightly volatile Enterprise Value Over EBITDA 16.25 20.85 15.5435 Slightly volatile Short Term Coverage Ratios 34.0 35.79 48.2169 Slightly volatile Price Earnings Ratio 22.2 21.94 19.6891 Pretty Stable Operating Cycle 173 250 232 Slightly volatile Price Book Value Ratio 4.84 4.03 3.3448 Slightly volatile Days Of Payables Outstanding 54.05 47.91 48.0959 Pretty Stable Dividend Payout Ratio 0.36 0.39 0.5554 Slightly volatile Price To Operating Cash Flows Ratio 23.01 20.56 19.1447 Slightly volatile Price To Free Cash Flows Ratio 33.63 23.95 23.989 Slightly volatile Pretax Profit Margin 0.31 0.26 0.2415 Slightly volatile Ebt Per Ebit 1.14 1.26 1.069 Slightly volatile Operating Profit Margin 0.3 0.24 0.2296 Slightly volatile Company Equity Multiplier 1.02 1.1 1.2719 Slightly volatile Long Term Debt To Capitalization 2.0E-4 2.0E-4 0.0075 Slightly volatile Total Debt To Capitalization 0.0173 0.0182 0.0178 Slightly volatile Return On Capital Employed 0.25 0.17 0.1718 Slightly volatile Debt Equity Ratio 0.0176 0.0185 0.0182 Slightly volatile Ebit Per Revenue 0.3 0.24 0.2296 Slightly volatile Quick Ratio 3.37 2.74 2.3752 Slightly volatile Dividend Paid And Capex Coverage Ratio 2.88 2.1 1.6551 Pretty Stable Net Income Per E B T 0.68 0.97 0.8814 Slightly volatile Cash Ratio 1.93 1.49 1.2621 Pretty Stable Cash Conversion Cycle 134 213 185 Slightly volatile Operating Cash Flow Sales Ratio 0.28 0.3 0.2324 Pretty Stable Days Of Inventory Outstanding 118 199 165 Slightly volatile Days Of Sales Outstanding 54.96 51.22 66.2772 Slightly volatile Free Cash Flow Operating Cash Flow Ratio 0.65 0.77 0.8145 Slightly volatile Cash Flow Coverage Ratios 13.3 14.0 10.6657 Slightly volatile Price To Book Ratio 4.84 4.03 3.3448 Slightly volatile Fixed Asset Turnover 6.25 4.4 5.2396 Slightly volatile Capital Expenditure Coverage Ratio 8.75 8.12 7.6612 Slightly volatile Price Cash Flow Ratio 23.01 20.56 19.1447 Slightly volatile Enterprise Value Multiple 16.25 20.85 15.5435 Slightly volatile Debt Ratio 0.0144 0.0151 0.0147 Slightly volatile Cash Flow To Debt Ratio 13.3 14.0 10.6657 Slightly volatile Price Sales Ratio 5.42 5.41 4.1987 Slightly volatile Return On Assets 0.19 0.17 0.1341 Slightly volatile Asset Turnover 0.77 0.7 0.6277 Slightly volatile Net Profit Margin 0.26 0.28 0.2163 Slightly volatile Gross Profit Margin 0.43 0.52 0.5536 Very volatile Price Fair Value 4.84 4.03 3.3448 Slightly volatile Return On Equity 0.24 0.21 0.1726 Slightly volatile
Garmin Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 24.7 B 23.6 B 24.5 B Slightly volatile Enterprise Value 23.4 B 22.3 B 23.2 B Slightly volatile

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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.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:

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