Garmin Balance Sheet Health
Financial Health criteria checks 6/6
Garmin has a total shareholder equity of $7.0B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $8.6B and $1.6B respectively. Garmin's EBIT is $1.1B making its interest coverage ratio -14.1. It has cash and short-term investments of $2.0B.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -14.1x |
Cash | US$1.97b |
Equity | US$7.01b |
Total liabilities | US$1.59b |
Total assets | US$8.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRMN's short term assets ($4.5B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: GRMN's short term assets ($4.5B) exceed its long term liabilities ($280.8M).
Debt to Equity History and Analysis
Debt Level: GRMN is debt free.
Reducing Debt: GRMN has no debt compared to 5 years ago when its debt to equity ratio was 0.01%.
Debt Coverage: GRMN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GRMN has no debt, therefore coverage of interest payments is not a concern.