Garmin Non Current Assets Total vs Property Plant And Equipment Net Analysis
GRMN Stock | USD 169.96 2.08 1.24% |
Garmin financial indicator trend analysis is much more than just examining Garmin latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Garmin is a good investment. Please check the relationship between Garmin Non Current Assets Total and its Property Plant And Equipment Net accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.
Non Current Assets Total vs Property Plant And Equipment Net
Non Current Assets Total vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Garmin Non Current Assets Total account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Garmin's Non Current Assets Total and Property Plant And Equipment Net is 0.95. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Garmin, assuming nothing else is changed. The correlation between historical values of Garmin's Non Current Assets Total and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Garmin are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Non Current Assets Total i.e., Garmin's Non Current Assets Total and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most indicators from Garmin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Garmin current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.At this time, Garmin's Selling General Administrative is very stable compared to the past year. As of the 9th of May 2024, Enterprise Value is likely to grow to about 6.2 B, though Tax Provision is likely to grow to (84.8 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 57.1M | 40.8M | 46.9M | 36.0M | Depreciation And Amortization | 200.1M | 175.1M | 177.6M | 186.5M |
Garmin fundamental ratios Correlations
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Garmin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Garmin fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.2B | 7.0B | 7.9B | 7.7B | 8.6B | 9.0B | |
Other Current Liab | 685.8M | 799.6M | 969.9M | 883.0M | 730.2M | 472.3M | |
Total Current Liabilities | 1.0B | 1.2B | 1.4B | 1.2B | 1.3B | 744.5M | |
Total Stockholder Equity | 4.8B | 5.5B | 6.1B | 6.2B | 7.0B | 7.4B | |
Property Plant And Equipment Net | 792.5M | 950.2M | 1.2B | 1.3B | 1.4B | 1.4B | |
Net Debt | (978.3M) | (1.4B) | (1.4B) | (1.2B) | (1.6B) | (1.5B) | |
Retained Earnings | 3.2B | 3.8B | 4.3B | 4.7B | 5.3B | 5.5B | |
Accounts Payable | 240.8M | 258.9M | 370.0M | 212.4M | 253.8M | 168.9M | |
Cash | 1.0B | 1.5B | 1.5B | 1.3B | 1.7B | 939.0M | |
Non Current Assets Total | 3.1B | 3.4B | 3.6B | 3.8B | 4.1B | 4.3B | |
Non Currrent Assets Other | 182.8M | 206.7M | 115.7M | 95.1M | 96.7M | 141.9M | |
Cash And Short Term Investments | 1.4B | 1.8B | 1.8B | 1.5B | 2.0B | 1.1B | |
Net Receivables | 706.8M | 849.5M | 843.4M | 656.8M | 815.2M | 564.6M | |
Common Stock Shares Outstanding | 190.9M | 191.9M | 193.0M | 193.0M | 192.1M | 161.3M | |
Liabilities And Stockholders Equity | 6.2B | 7.0B | 7.9B | 7.7B | 8.6B | 9.0B | |
Non Current Liabilities Total | 337.4M | 351.0M | 292.1M | 315.2M | 280.8M | 231.5M | |
Inventory | 752.9M | 762.1M | 1.2B | 1.5B | 1.3B | 1.4B | |
Other Current Assets | 169.0M | 191.6M | 328.7M | 315.9M | 318.6M | 334.5M | |
Other Stockholder Equity | 1.5B | 1.6B | 1.7B | 1.6B | 1.8B | 1.9B | |
Total Liab | 1.4B | 1.5B | 1.7B | 1.5B | 1.6B | 976.0M | |
Total Current Assets | 3.1B | 3.7B | 4.3B | 4.0B | 4.5B | 2.3B | |
Accumulated Other Comprehensive Income | 55.9M | 183.4M | 117.8M | (114.5M) | (65.6M) | (62.3M) | |
Other Liab | 288.1M | 275.1M | 222.1M | 200.7M | 230.8M | 282.1M | |
Other Assets | 451.3M | 1.3B | 375.9M | 536.2M | 616.6M | 647.4M | |
Cash And Equivalents | 1.0B | 1.5B | 1.5B | 1.3B | 1.5B | 934.7M | |
Intangible Assets | 192.5M | 244.4M | 216.0M | 178.5M | 186.6M | 131.0M | |
Property Plant Equipment | 728.9M | 855.5M | 1.1B | 1.1B | 1.3B | 1.4B | |
Current Deferred Revenue | 94.6M | 86.9M | 87.7M | 91.1M | 101.2M | 121.5M | |
Short Term Investments | 376.5M | 387.6M | 348.0M | 173.3M | 274.6M | 165.2M | |
Property Plant And Equipment Gross | 792.5M | 855.5M | 1.2B | 1.3B | 2.4B | 2.5B | |
Good Will | 467.1M | 584.2M | 575.1M | 568.0M | 608.5M | 638.9M | |
Net Tangible Assets | 4.3B | 4.8B | 5.4B | 5.6B | 6.4B | 4.1B | |
Retained Earnings Total Equity | 3.2B | 3.8B | 4.3B | 4.7B | 5.4B | 5.7B | |
Capital Surpluse | 1.8B | 1.9B | 2.0B | 2.0B | 2.3B | 2.5B | |
Deferred Long Term Liab | 114.8M | 116.8M | 117.6M | 130.0M | 149.5M | 153.9M | |
Long Term Investments | 1.2B | 1.1B | 1.3B | 1.2B | 1.1B | 1.3B |
Garmin Investors Sentiment
The influence of Garmin's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Garmin. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Garmin's public news can be used to forecast risks associated with an investment in Garmin. The trend in average sentiment can be used to explain how an investor holding Garmin can time the market purely based on public headlines and social activities around Garmin. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Garmin's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Garmin's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Garmin's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Garmin.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Garmin in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Garmin's short interest history, or implied volatility extrapolated from Garmin options trading.
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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Is Garmin's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Garmin. If investors know Garmin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Garmin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.362 | Dividend Share 2.92 | Earnings Share 7.09 | Revenue Per Share 28.525 | Quarterly Revenue Growth 0.204 |
The market value of Garmin is measured differently than its book value, which is the value of Garmin that is recorded on the company's balance sheet. Investors also form their own opinion of Garmin's value that differs from its market value or its book value, called intrinsic value, which is Garmin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Garmin's market value can be influenced by many factors that don't directly affect Garmin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Garmin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Garmin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Garmin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.