Garmin (BUE:GRMN) Interest Expense : ARS0 Mil (TTM As of Mar. 2024)

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What is Garmin Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Garmin's interest expense for the three months ended in Mar. 2024 was ARS 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ARS0 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Garmin's Operating Income for the three months ended in Mar. 2024 was ARS 251,410 Mil. Garmin's Interest Expense for the three months ended in Mar. 2024 was ARS 0 Mil. GuruFocus does not calculate Garmin's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Garmin Interest Expense Historical Data

The historical data trend for Garmin's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Garmin Interest Expense Chart

Garmin Annual Data

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Interest Expense

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Garmin Quarterly Data
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Garmin Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ARS0 Mil.

Garmin (BUE:GRMN) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Garmin's Interest Expense for the three months ended in Mar. 2024 was ARS0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ARS251,410 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ARS89,186 Mil.

Garmin's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

GuruFocus does not calculate Garmin's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Garmin Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Garmin (BUE:GRMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Garmin Ltd (BUE:GRMN) » Definitions » Interest Expense

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GRMN:USA GRMN:Mexico G1RM34:Brazil

Address

Muhlentalstrasse 2, Schaffhausen, CHE, 8200

Website

https://www.garmin.com

Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.