Garmin Balance Sheet Health
Financial Health criteria checks 6/6
Garmin has a total shareholder equity of $7.5B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $9.3B and $1.8B respectively. Garmin's EBIT is $1.4B making its interest coverage ratio -13.4. It has cash and short-term investments of $2.4B.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -13.4x |
| Cash | US$2.42b |
| Equity | US$7.51b |
| Total liabilities | US$1.84b |
| Total assets | US$9.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRMN N's short term assets ($5.2B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: GRMN N's short term assets ($5.2B) exceed its long term liabilities ($262.5M).
Debt to Equity History and Analysis
Debt Level: GRMN N is debt free.
Reducing Debt: GRMN N has not had any debt for past 5 years.
Debt Coverage: GRMN N has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GRMN N has no debt, therefore coverage of interest payments is not a concern.