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Garmin (GRMN)

(Delayed Data from NYSE)

$170.07 USD

170.07
666,664

-1.01 (-0.59%)

Updated Jul 19, 2024 04:00 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

D Value A Growth C Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 34% (166 out of 250)

Industry: Electronics - Miscellaneous Products

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Better trading starts here.

Balance Sheet

Research for GRMN

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Garmin Ltd falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,968 1,452 1,846 1,846 1,404
Receivables 815 657 843 849 707
Notes Receivable 0 0 0 0 0
Inventories 1,346 1,515 1,228 762 753
Other Current Assets 335 331 345 212 194
Total Current Assets 4,464 3,955 4,262 3,669 3,058
Net Property & Equipment 1,224 1,147 1,067 856 729
Investments & Advances 1,125 1,208 1,269 1,131 1,205
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 766 451 273 262 292
Intangibles 795 746 791 829 660
Deposits & Other Assets 86 85 103 190 159
Total Assets 8,604 7,731 7,854 7,031 6,167
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 254 212 370 259 241
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 400 346 393 334 298
Income Taxes Payable 225 246 128 69 57
Other Current Liabilities 431 407 557 502 440
Total Current Liabilities 1,311 1,212 1,448 1,164 1,036
Mortgages 0 0 0 0 0
Deferred Taxes/Income 151 166 159 167 182
Convertible Debt 0 0 0 0 0
Long-Term Debt 0 0 0 0 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 17 35 63 108 106
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,592 1,527 1,740 1,515 1,373
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 20 18 18 18 18
Capital Surplus 2,125 2,042 1,961 1,880 1,836
Retained Earnings 5,264 4,734 4,321 3,754 3,229
Other Equity -66 -115 118 183 56
Treasury Stock 331 475 303 320 345
Total Shareholder's Equity 7,012 6,204 6,114 5,516 4,794
Total Liabilities & Shareholder's Equity 8,604 7,731 7,854 7,031 6,167
Total Common Equity 7,012 6,204 6,114 5,516 4,794
Shares Outstanding 191.30 191.60 192.30 191.20 198.00
Book Value Per Share 36.65 32.38 31.79 28.85 24.21

Fiscal Year End for Garmin Ltd falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 2,196 1,968 1,696 1,679
Receivables NA 695 815 721 717
Notes Receivable NA 0 0 0 0
Inventories NA 1,302 1,346 1,440 1,402
Other Current Assets NA 324 335 300 313
Total Current Assets NA 4,517 4,464 4,157 4,111
Net Property & Equipment NA 1,206 1,224 1,187 1,181
Investments & Advances NA 1,134 1,125 1,082 1,100
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 774 766 525 504
Intangibles NA 778 795 780 739
Deposits & Other Assets NA 88 86 93 102
Total Assets NA 8,634 8,604 7,965 7,872
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 243 254 268 254
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 324 400 334 325
Income Taxes Payable NA 256 225 152 199
Other Current Liabilities NA 294 431 574 672
Total Current Liabilities NA 1,117 1,311 1,328 1,450
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 148 151 152 153
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 0 0 0 0
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 17 25 35
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 1,388 1,592 1,616 1,748
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 19 20 20 20
Capital Surplus NA 2,135 2,125 2,100 2,078
Retained Earnings NA 5,440 5,264 4,722 4,465
Other Equity NA -122 -66 -161 -115
Treasury Stock NA 227 331 331 323
Total Shareholder's Equity NA 7,246 7,012 6,349 6,124
Total Liabilities & Shareholder's Equity NA 8,634 8,604 7,965 7,872
Total Common Equity 0 7,246 7,012 6,349 6,124
Shares Outstanding 192.00 192.00 191.30 191.30 191.20
Book Value Per Share 0.00 37.74 36.65 33.19 32.03