Garmin Balance Sheet Health
Financial Health criteria checks 6/6
Garmin has a total shareholder equity of $7.2B 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 $1.4B respectively. Garmin's EBIT is $1.2B making its interest coverage ratio -13.8. It has cash and short-term investments of $2.2B.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -13.8x |
Cash | US$2.20b |
Equity | US$7.25b |
Total liabilities | US$1.39b |
Total assets | US$8.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRMN N's short term assets ($4.5B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: GRMN N's short term assets ($4.5B) exceed its long term liabilities ($270.4M).
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.