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
Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75
Apr 10
Garmin: Wearables Trends Remain Strong
Mar 29Garmin's (NYSE:GRMN) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 26Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73
Mar 12Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Feb 13Garmin Ltd.'s (NYSE:GRMN) Shareholders Might Be Looking For Exit
Feb 08Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73
Jan 22Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73
Jan 08Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Dec 07Garmin: Growth Remains Intact But Valuation Is Not Attractive
Nov 16Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.73
Nov 13At US$117, Is It Time To Put Garmin Ltd. (NYSE:GRMN) On Your Watch List?
Nov 11Garmin: Resilient Financials And Sustained Product Innovation
Nov 10Garmin (NYSE:GRMN) Has Affirmed Its Dividend Of $0.73
Oct 26Garmin (NYSE:GRMN) Has More To Do To Multiply In Value Going Forward
Oct 13Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Sep 28Estimating The Fair Value Of Garmin Ltd. (NYSE:GRMN)
Sep 27Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73
Sep 09Garmin: Cautiously Positive Growth Prospects
Sep 08Garmin: Hold Rating After Strong Q2 Earnings, Signs Of Overvaluation
Aug 30Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Aug 26Garmin's (NYSE:GRMN) Dividend Will Be $0.73
Aug 08Upslope Capital - Garmin: A Classic 'Riches In Niches' Story
Jul 26Investors Met With Slowing Returns on Capital At Garmin (NYSE:GRMN)
Jun 28Garmin: Consumer Electronics Success Story
Jun 28Estimating The Fair Value Of Garmin Ltd. (NYSE:GRMN)
Jun 15Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73
Jun 01Garmin: Powerful Arsenal Driving Success
May 25Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73
May 05Is Now An Opportune Moment To Examine Garmin Ltd. (NYSE:GRMN)?
Apr 10Here's What To Make Of Garmin's (NYSE:GRMN) Decelerating Rates Of Return
Mar 14Estimating The Intrinsic Value Of Garmin Ltd. (NYSE:GRMN)
Mar 01Garmin Non-GAAP EPS of $1.35 beats by $0.18, revenue of $1.31B misses by $10M
Feb 22Is Now An Opportune Moment To Examine Garmin Ltd. (NYSE:GRMN)?
Jan 03Financial 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.