Garmin Total Current Assets vs Property Plant And Equipment Net Analysis

GRMN Stock

USD 169.19 0.11 0.07%

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 Total Current Assets 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.

Total Current Assets vs Property Plant And Equipment Net

Total Current Assets 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 Total Current Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.

The correlation between Garmin's Total Current Assets and Property Plant And Equipment Net is 0.76. Overlapping area represents the amount of variation of Total Current Assets 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 Total Current Assets 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 Total Current Assets 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 Total Current Assets i.e., Garmin's Total Current Assets and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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 10th 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

Interest Expense Depreciation And Amortization

Garmin fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Other Assets	Cash And Equivalents
Total Assets		0.75	0.77	0.79	1.0	0.95	-0.86	0.96	0.76	0.74	0.99	0.5	0.77	0.8	-0.56	0.43	0.91	0.88	0.72	0.76	0.84	0.64	-0.33	0.32	0.67	0.71
Short Long Term Debt Total	0.75		0.69	0.69	0.77	0.81	-0.58	0.79	0.56	0.67	0.74	0.18	0.66	0.59	-0.08	0.24	0.83	0.77	0.56	0.64	0.82	0.48	-0.33	-0.04	0.57	0.63
Other Current Liab	0.77	0.69		0.97	0.74	0.67	-0.73	0.67	0.89	0.85	0.76	0.43	0.89	0.88	-0.03	0.58	0.67	0.63	0.48	0.95	0.94	0.07	-0.15	0.29	0.52	0.86
Total Current Liabilities	0.79	0.69	0.97		0.75	0.65	-0.8	0.66	0.89	0.92	0.77	0.39	0.95	0.94	-0.01	0.64	0.64	0.61	0.43	0.99	0.97	0.16	-0.05	0.39	0.47	0.91
Total Stockholder Equity	1.0	0.77	0.74	0.75		0.97	-0.83	0.98	0.74	0.71	0.99	0.49	0.73	0.76	-0.58	0.37	0.93	0.9	0.74	0.72	0.82	0.67	-0.37	0.27	0.68	0.67
Property Plant And Equipment Net	0.95	0.81	0.67	0.65	0.97		-0.7	1.0	0.69	0.59	0.95	0.43	0.61	0.62	-0.57	0.19	0.98	0.96	0.8	0.59	0.76	0.7	-0.53	0.05	0.68	0.55
Net Debt	-0.86	-0.58	-0.73	-0.8	-0.83	-0.7		-0.71	-0.67	-0.91	-0.82	-0.26	-0.88	-0.85	0.38	-0.57	-0.64	-0.63	-0.4	-0.8	-0.8	-0.51	-0.06	-0.54	-0.5	-0.89
Retained Earnings	0.96	0.79	0.67	0.66	0.98	1.0	-0.71		0.7	0.59	0.96	0.47	0.62	0.64	-0.59	0.2	0.97	0.94	0.81	0.6	0.76	0.7	-0.52	0.08	0.69	0.55
Accounts Payable	0.76	0.56	0.89	0.89	0.74	0.69	-0.67	0.7		0.75	0.75	0.56	0.84	0.85	-0.13	0.49	0.66	0.71	0.62	0.86	0.88	0.16	-0.33	0.27	0.55	0.76
Cash	0.74	0.67	0.85	0.92	0.71	0.59	-0.91	0.59	0.75		0.7	0.21	0.98	0.92	0.01	0.64	0.54	0.54	0.34	0.92	0.92	0.26	0.07	0.47	0.47	0.99
Non Current Assets Total	0.99	0.74	0.76	0.77	0.99	0.95	-0.82	0.96	0.75	0.7		0.56	0.74	0.78	-0.58	0.45	0.91	0.87	0.75	0.75	0.82	0.63	-0.37	0.33	0.68	0.66
Non Currrent Assets Other	0.5	0.18	0.43	0.39	0.49	0.43	-0.26	0.47	0.56	0.21	0.56		0.35	0.5	-0.44	0.5	0.33	0.36	0.65	0.44	0.38	0.1	-0.49	0.39	0.68	0.2
Cash And Short Term Investments	0.77	0.66	0.89	0.95	0.73	0.61	-0.88	0.62	0.84	0.98	0.74	0.35		0.96	-0.01	0.66	0.56	0.56	0.42	0.95	0.94	0.23	-0.02	0.47	0.55	0.97
Net Receivables	0.8	0.59	0.88	0.94	0.76	0.62	-0.85	0.64	0.85	0.92	0.78	0.5	0.96		-0.11	0.74	0.56	0.57	0.45	0.95	0.92	0.21	-0.03	0.55	0.58	0.91
Common Stock Shares Outstanding	-0.56	-0.08	-0.03	-0.01	-0.58	-0.57	0.38	-0.59	-0.13	0.01	-0.58	-0.44	-0.01	-0.11		-0.02	-0.52	-0.51	-0.5	-0.01	-0.04	-0.69	0.3	-0.23	-0.36	0.04
Non Current Liabilities Total	0.43	0.24	0.58	0.64	0.37	0.19	-0.57	0.2	0.49	0.64	0.45	0.5	0.66	0.74	-0.02		0.15	0.16	0.18	0.76	0.57	-0.14	0.21	0.88	0.27	0.65
Inventory	0.91	0.83	0.67	0.64	0.93	0.98	-0.64	0.97	0.66	0.54	0.91	0.33	0.56	0.56	-0.52	0.15		0.96	0.74	0.57	0.74	0.65	-0.48	0.0	0.57	0.51
Other Current Assets	0.88	0.77	0.63	0.61	0.9	0.96	-0.63	0.94	0.71	0.54	0.87	0.36	0.56	0.57	-0.51	0.16	0.96		0.78	0.55	0.73	0.63	-0.54	0.0	0.59	0.51
Other Stockholder Equity	0.72	0.56	0.48	0.43	0.74	0.8	-0.4	0.81	0.62	0.34	0.75	0.65	0.42	0.45	-0.5	0.18	0.74	0.78		0.4	0.56	0.47	-0.87	0.02	0.66	0.31
Total Liab	0.76	0.64	0.95	0.99	0.72	0.59	-0.8	0.6	0.86	0.92	0.75	0.44	0.95	0.95	-0.01	0.76	0.57	0.55	0.4		0.94	0.11	0.01	0.53	0.46	0.91
Total Current Assets	0.84	0.82	0.94	0.97	0.82	0.76	-0.8	0.76	0.88	0.92	0.82	0.38	0.94	0.92	-0.04	0.57	0.74	0.73	0.56	0.94		0.29	-0.2	0.3	0.57	0.9
Short Term Debt	0.64	0.48	0.07	0.16	0.67	0.7	-0.51	0.7	0.16	0.26	0.63	0.1	0.23	0.21	-0.69	-0.14	0.65	0.63	0.47	0.11	0.29		-0.28	0.0	0.36	0.17
Common Stock	-0.33	-0.33	-0.15	-0.05	-0.37	-0.53	-0.06	-0.52	-0.33	0.07	-0.37	-0.49	-0.02	-0.03	0.3	0.21	-0.48	-0.54	-0.87	0.01	-0.2	-0.28		0.37	-0.49	0.09
Other Liab	0.32	-0.04	0.29	0.39	0.27	0.05	-0.54	0.08	0.27	0.47	0.33	0.39	0.47	0.55	-0.23	0.88	0.0	0.0	0.02	0.53	0.3	0.0	0.37		0.1	0.47
Other Assets	0.67	0.57	0.52	0.47	0.68	0.68	-0.5	0.69	0.55	0.47	0.68	0.68	0.55	0.58	-0.36	0.27	0.57	0.59	0.66	0.46	0.57	0.36	-0.49	0.1		0.46
Cash And Equivalents	0.71	0.63	0.86	0.91	0.67	0.55	-0.89	0.55	0.76	0.99	0.66	0.2	0.97	0.91	0.04	0.65	0.51	0.51	0.31	0.91	0.9	0.17	0.09	0.47	0.46

Click cells to compare fundamentals

Garmin Account Relationship Matchups

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

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether Garmin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Garmin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Garmin Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Garmin Stock:

How To Invest In Garmin

Details

Is Garmin Stock a good investment?

Details

What is Garmin's Net Worth?

Details

Largest Consumer Electronics Companies

View

Largest Scientific & Technical Instruments Companies

View

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.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Garmin Stock analysis

When running Garmin's price analysis, check to measure Garmin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Garmin is operating at the current time. Most of Garmin's value examination focuses on studying past and present price action to predict the probability of Garmin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Garmin's price. Additionally, you may evaluate how the addition of Garmin to your portfolios can decrease your overall portfolio volatility.

	Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market.
	Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings
	Bonds Directory Find actively traded corporate debentures issued by US companies
	ETFs Find actively traded Exchange Traded Funds (ETF) from around the world
	Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges
	Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
	Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format
	Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios
	Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated
	Money Managers Screen money managers from public funds and ETFs managed around the world
	Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Garmin Total Current Assets vs Property Plant And Equipment Net Analysis

Total Current Assets vs Property Plant And Equipment Net

Total Current Assets vs Property Plant And Equipment Net Correlation Analysis

Correlation Coefficient

Total Current Assets

Property Plant And Equipment Net

Garmin fundamental ratios Correlations

Garmin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Garmin fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Garmin Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Cash And Equivalents	+ 0.99	Cash

Cash	- 0.91	Net Debt
Cash And Equivalents	- 0.89	Net Debt
Cash And Short Term Investments	- 0.88	Net Debt
Common Stock	- 0.87	Other Stockholder Equity
Net Debt	- 0.86	Total Assets
Net Receivables	- 0.85	Net Debt