Garmin Balance Sheet Health
Financial Health criteria checks 6/6
Garmin has a total shareholder equity of $8.5B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $10.5B and $2.0B respectively. Garmin's EBIT is $1.8B making its interest coverage ratio -14.3. It has cash and short-term investments of $2.5B.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -14.3x |
| Cash | US$2.54b |
| Equity | US$8.48b |
| Total liabilities | US$2.04b |
| Total assets | US$10.52b |
Recent financial health updates
Recent updates
Garmin: Despite Solid Q3 Results, Still Too Pricey
Dec 02Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.90
Oct 18
Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.90
Sep 28Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.90
Sep 02Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.90
Aug 19Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.90
Jul 30Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.90
Jul 13Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.90
Jun 29Garmin (NYSE:GRMN) Ticks All The Boxes When It Comes To Earnings Growth
Jun 26Garmin (NYSE:GRMN) Is Increasing Its Dividend To $0.90
Jun 12Garmin's (NYSE:GRMN) Dividend Will Be Increased To $0.90
May 28Here's What To Make Of Garmin's (NYSE:GRMN) Decelerating Rates Of Return
May 25Garmin (NYSE:GRMN) Is Increasing Its Dividend To $0.90
May 11Garmin Q1 Preview: Took A Hit Due To Tariffs, But The Issues May Not Be Over Yet
Apr 23Garmin (NYSE:GRMN) Is Increasing Its Dividend To $0.90
Apr 13Garmin (NYSE:GRMN) Is Increasing Its Dividend To $0.90
Mar 30Financial Position Analysis
Short Term Liabilities: GRMN's short term assets ($5.8B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: GRMN's short term assets ($5.8B) exceed its long term liabilities ($292.3M).
Debt to Equity History and Analysis
Debt Level: GRMN is debt free.
Reducing Debt: GRMN has not had any debt for past 5 years.
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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/02/09 11:26 |
| End of Day Share Price | 2026/02/09 00:00 |
| Earnings | 2025/09/27 |
| Annual Earnings | 2024/12/28 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Garmin Ltd. is covered by 30 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Power | Baird |
| Dong Wang | Barclays |
| Amir Rozwadowski | Barclays |