Garmin Historical Balance Sheet

GRMN Stock

USD 210.33 1.22 0.58%

Trend analysis of Garmin balance sheet accounts such as Other Current Liabilities of 455.6 M or Total Current Liabilities of 744.5 M provides information on Garmin's total assets, liabilities, and equity, which is the actual value of Garmin to its prevalent stockholders. By breaking down trends over time using Garmin balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Housing Crash

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Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Garmin latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Garmin is a good buy for the upcoming year.

Garmin Inventory

1.41 Billion

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.

About Garmin Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Garmin at a specified time, usually calculated after every quarter, six months, or one year. Garmin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Garmin and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Garmin currently owns. An asset can also be divided into two categories, current and non-current.

Garmin Balance Sheet Chart

At this time, Garmin's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 22nd of November 2024, Inventory is likely to grow to about 1.4 B, while Short and Long Term Debt Total is likely to drop about 60.5 M.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities

Add Fundamental

Total Assets

Total assets refers to the total amount of Garmin assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Garmin books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Garmin balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Garmin are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most accounts from Garmin's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Garmin current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.At this time, Garmin's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 22nd of November 2024, Inventory is likely to grow to about 1.4 B, while Short and Long Term Debt Total is likely to drop about 60.5 M.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	70.0M	114.5M	113.0M	60.5M
Total Assets	7.9B	7.7B	8.6B	9.0B

Short Long Term Debt Total Total Assets

Garmin balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Other Assets	Cash And Equivalents
Total Assets		0.75	0.75	0.79	1.0	0.95	-0.86	0.96	0.76	0.74	0.99	0.5	0.77	0.8	-0.56	0.43	0.91	0.89	0.72	0.76	0.84	0.64	-0.33	0.32	0.67	0.71
Short Long Term Debt Total	0.75		0.58	0.69	0.77	0.81	-0.58	0.79	0.56	0.67	0.74	0.18	0.66	0.59	-0.08	0.24	0.83	0.77	0.56	0.64	0.82	0.48	-0.33	-0.04	0.57	0.63
Other Current Liab	0.75	0.58		0.98	0.71	0.6	-0.78	0.62	0.9	0.89	0.74	0.48	0.93	0.92	-0.04	0.64	0.57	0.55	0.44	0.97	0.92	0.1	-0.07	0.41	0.5	0.89
Total Current Liabilities	0.79	0.69	0.98		0.75	0.65	-0.8	0.66	0.89	0.92	0.77	0.39	0.95	0.94	-0.01	0.64	0.64	0.61	0.43	0.99	0.97	0.16	-0.05	0.39	0.47	0.91
Total Stockholder Equity	1.0	0.77	0.71	0.75		0.97	-0.83	0.98	0.74	0.71	0.99	0.49	0.73	0.76	-0.58	0.37	0.93	0.9	0.74	0.72	0.82	0.67	-0.37	0.27	0.68	0.67
Property Plant And Equipment Net	0.95	0.81	0.6	0.65	0.97		-0.7	1.0	0.69	0.59	0.95	0.43	0.61	0.62	-0.57	0.19	0.98	0.96	0.8	0.59	0.76	0.7	-0.53	0.05	0.68	0.55
Net Debt	-0.86	-0.58	-0.78	-0.8	-0.83	-0.7		-0.71	-0.67	-0.91	-0.82	-0.26	-0.88	-0.85	0.38	-0.57	-0.64	-0.64	-0.4	-0.8	-0.8	-0.51	-0.06	-0.54	-0.5	-0.89
Retained Earnings	0.96	0.79	0.62	0.66	0.98	1.0	-0.71		0.7	0.59	0.96	0.47	0.62	0.64	-0.59	0.2	0.97	0.94	0.81	0.6	0.76	0.7	-0.52	0.08	0.69	0.55
Accounts Payable	0.76	0.56	0.9	0.89	0.74	0.69	-0.67	0.7		0.75	0.75	0.56	0.84	0.85	-0.13	0.49	0.66	0.71	0.62	0.86	0.88	0.16	-0.33	0.27	0.55	0.76
Cash	0.74	0.67	0.89	0.92	0.71	0.59	-0.91	0.59	0.75		0.7	0.21	0.98	0.92	0.01	0.64	0.54	0.54	0.34	0.92	0.92	0.26	0.07	0.47	0.47	0.99
Non Current Assets Total	0.99	0.74	0.74	0.77	0.99	0.95	-0.82	0.96	0.75	0.7		0.56	0.74	0.78	-0.58	0.45	0.91	0.87	0.75	0.75	0.82	0.63	-0.37	0.33	0.68	0.66
Non Currrent Assets Other	0.5	0.18	0.48	0.39	0.49	0.43	-0.26	0.47	0.56	0.21	0.56		0.35	0.5	-0.44	0.5	0.33	0.36	0.65	0.44	0.38	0.1	-0.49	0.39	0.68	0.2
Cash And Short Term Investments	0.77	0.66	0.93	0.95	0.73	0.61	-0.88	0.62	0.84	0.98	0.74	0.35		0.96	-0.01	0.66	0.56	0.56	0.42	0.95	0.94	0.23	-0.02	0.47	0.55	0.97
Net Receivables	0.8	0.59	0.92	0.94	0.76	0.62	-0.85	0.64	0.85	0.92	0.78	0.5	0.96		-0.11	0.74	0.56	0.57	0.45	0.95	0.92	0.21	-0.03	0.55	0.58	0.91
Common Stock Shares Outstanding	-0.56	-0.08	-0.04	-0.01	-0.58	-0.57	0.38	-0.59	-0.13	0.01	-0.58	-0.44	-0.01	-0.11		-0.02	-0.52	-0.51	-0.5	-0.01	-0.04	-0.69	0.3	-0.23	-0.36	0.04
Non Current Liabilities Total	0.43	0.24	0.64	0.64	0.37	0.19	-0.57	0.2	0.49	0.64	0.45	0.5	0.66	0.74	-0.02		0.15	0.15	0.18	0.76	0.57	-0.14	0.21	0.88	0.27	0.65
Inventory	0.91	0.83	0.57	0.64	0.93	0.98	-0.64	0.97	0.66	0.54	0.91	0.33	0.56	0.56	-0.52	0.15		0.96	0.74	0.57	0.74	0.65	-0.48	0.0	0.57	0.51
Other Current Assets	0.89	0.77	0.55	0.61	0.9	0.96	-0.64	0.94	0.71	0.54	0.87	0.36	0.56	0.57	-0.51	0.15	0.96		0.78	0.55	0.73	0.63	-0.54	-0.01	0.61	0.51
Other Stockholder Equity	0.72	0.56	0.44	0.43	0.74	0.8	-0.4	0.81	0.62	0.34	0.75	0.65	0.42	0.45	-0.5	0.18	0.74	0.78		0.4	0.56	0.47	-0.87	0.02	0.66	0.31
Total Liab	0.76	0.64	0.97	0.99	0.72	0.59	-0.8	0.6	0.86	0.92	0.75	0.44	0.95	0.95	-0.01	0.76	0.57	0.55	0.4		0.94	0.11	0.01	0.53	0.46	0.91
Total Current Assets	0.84	0.82	0.92	0.97	0.82	0.76	-0.8	0.76	0.88	0.92	0.82	0.38	0.94	0.92	-0.04	0.57	0.74	0.73	0.56	0.94		0.29	-0.2	0.3	0.57	0.9
Short Term Debt	0.64	0.48	0.1	0.16	0.67	0.7	-0.51	0.7	0.16	0.26	0.63	0.1	0.23	0.21	-0.69	-0.14	0.65	0.63	0.47	0.11	0.29		-0.28	0.0	0.36	0.17
Common Stock	-0.33	-0.33	-0.07	-0.05	-0.37	-0.53	-0.06	-0.52	-0.33	0.07	-0.37	-0.49	-0.02	-0.03	0.3	0.21	-0.48	-0.54	-0.87	0.01	-0.2	-0.28		0.37	-0.49	0.09
Other Liab	0.32	-0.04	0.41	0.39	0.27	0.05	-0.54	0.08	0.27	0.47	0.33	0.39	0.47	0.55	-0.23	0.88	0.0	-0.01	0.02	0.53	0.3	0.0	0.37		0.1	0.47
Other Assets	0.67	0.57	0.5	0.47	0.68	0.68	-0.5	0.69	0.55	0.47	0.68	0.68	0.55	0.58	-0.36	0.27	0.57	0.61	0.66	0.46	0.57	0.36	-0.49	0.1		0.46
Cash And Equivalents	0.71	0.63	0.89	0.91	0.67	0.55	-0.89	0.55	0.76	0.99	0.66	0.2	0.97	0.91	0.04	0.65	0.51	0.51	0.31	0.91	0.9	0.17	0.09	0.47	0.46

Click cells to compare fundamentals

Garmin Account Relationship Matchups

Garmin balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.2B	7.0B	7.9B	7.7B	8.6B	9.0B
Other Current Liab	685.8M	749.9M	862.4M	661.9M	730.2M	455.6M
Total Current Liabilities	1.0B	1.2B	1.4B	1.2B	1.3B	744.5M
Total Stockholder Equity	4.8B	5.5B	6.1B	6.2B	7.0B	7.4B
Property Plant And Equipment Net	792.5M	950.2M	1.2B	1.3B	1.4B	1.4B
Net Debt	(978.3M)	(1.4B)	(1.4B)	(1.2B)	(1.6B)	(1.5B)
Retained Earnings	3.2B	3.8B	4.3B	4.7B	5.3B	5.5B
Accounts Payable	240.8M	258.9M	370.0M	212.4M	253.8M	168.9M
Cash	1.0B	1.5B	1.5B	1.3B	1.7B	939.0M
Non Current Assets Total	3.1B	3.4B	3.6B	3.8B	4.1B	4.3B
Non Currrent Assets Other	182.8M	206.7M	115.7M	95.1M	96.7M	141.9M
Cash And Short Term Investments	1.4B	1.8B	1.8B	1.5B	2.0B	1.1B
Net Receivables	706.8M	849.5M	843.4M	656.8M	815.2M	564.6M
Common Stock Shares Outstanding	190.9M	191.9M	193.0M	193.0M	192.1M	161.3M
Liabilities And Stockholders Equity	6.2B	7.0B	7.9B	7.7B	8.6B	9.0B
Non Current Liabilities Total	337.4M	351.0M	292.1M	315.2M	280.8M	231.5M
Inventory	752.9M	762.1M	1.2B	1.5B	1.3B	1.4B
Other Current Assets	169.0M	211.7M	344.7M	330.8M	334.9M	351.6M
Other Stockholder Equity	1.5B	1.6B	1.7B	1.6B	1.8B	1.9B
Total Liab	1.4B	1.5B	1.7B	1.5B	1.6B	976.0M
Total Current Assets	3.1B	3.7B	4.3B	4.0B	4.5B	2.3B
Accumulated Other Comprehensive Income	55.9M	183.4M	117.8M	(114.5M)	(65.6M)	(62.3M)
Other Liab	288.1M	275.1M	222.1M	200.7M	230.8M	282.1M
Other Assets	451.3M	1.3B	375.9M	536.2M	616.6M	647.4M
Cash And Equivalents	1.0B	1.5B	1.5B	1.3B	1.5B	934.7M
Intangible Assets	192.5M	244.4M	216.0M	178.5M	186.6M	131.0M
Property Plant Equipment	728.9M	855.5M	1.1B	1.1B	1.3B	1.4B
Current Deferred Revenue	94.6M	86.9M	87.7M	91.1M	101.2M	121.5M
Short Term Investments	376.5M	387.6M	348.0M	173.3M	274.6M	165.2M
Property Plant And Equipment Gross	792.5M	855.5M	1.2B	1.3B	2.4B	2.5B
Good Will	467.1M	584.2M	575.1M	568.0M	608.5M	638.9M
Net Tangible Assets	4.3B	4.8B	5.4B	5.6B	6.4B	4.1B
Retained Earnings Total Equity	3.2B	3.8B	4.3B	4.7B	5.4B	5.7B
Capital Surpluse	1.8B	1.9B	2.0B	2.0B	2.3B	2.5B
Deferred Long Term Liab	114.8M	116.8M	117.6M	130.0M	149.5M	153.9M
Long Term Investments	1.2B	1.1B	1.3B	1.2B	1.1B	1.3B

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.

Moving together with Garmin Stock

0.61

WELX

Winland Holdings

Pair Corr

Moving against Garmin Stock

0.66	ST	Sensata Technologies	Pair Corr
0.57	SVREW	SaverOne 2014	Pair Corr
0.49	VPG	Vishay Precision	Pair Corr
0.34	FTV	Fortive Corp	Pair Corr

The ability to find closely correlated positions to Garmin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Garmin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Garmin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Garmin to buy it.

The correlation of Garmin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Garmin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Garmin moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Garmin can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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:

How To Invest In Garmin

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Is Garmin Stock a good investment?

Details

What is Garmin's Net Worth?

Details

Largest Consumer Electronics Companies

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Largest Scientific & Technical Instruments Companies

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To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.

You can also try the Stocks Directory module to find actively traded stocks across global markets.

Is Consumer Electronics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Garmin. If investors know Garmin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Garmin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.545

Dividend Share

Earnings Share

7.86

Revenue Per Share

31.044

Quarterly Revenue Growth

0.241

The market value of Garmin is measured differently than its book value, which is the value of Garmin that is recorded on the company's balance sheet. Investors also form their own opinion of Garmin's value that differs from its market value or its book value, called intrinsic value, which is Garmin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Garmin's market value can be influenced by many factors that don't directly affect Garmin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Garmin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Garmin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Garmin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Garmin Historical Balance Sheet

Garmin Inventory

1.41 Billion

About Garmin Balance Sheet Analysis

Garmin Balance Sheet Chart

Total Assets

Total Current Liabilities

Garmin balance sheet Correlations

Garmin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Garmin balance sheet Accounts

Pair Trading with Garmin

Moving together with Garmin Stock

Moving against Garmin Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Cash And Equivalents	+ 0.99	Cash

Cash	- 0.91	Net Debt
Cash And Equivalents	- 0.89	Net Debt
Cash And Short Term Investments	- 0.88	Net Debt
Common Stock	- 0.87	Other Stockholder Equity
Net Debt	- 0.86	Total Assets
Net Receivables	- 0.85	Net Debt