Garmin (Garmin) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Garmin LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Garmin's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Garmin's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.01). It may suggest that Garmin is progressively becoming less dependent on debt to grow their business.

Garmin LT-Debt-to-Total-Asset Historical Data

The historical data trend for Garmin's LT-Debt-to-Total-Asset 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.

* Premium members only.

Garmin LT-Debt-to-Total-Asset Chart

Garmin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.02

0.01

Garmin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	0.01	0.01	0.01

Garmin LT-Debt-to-Total-Asset Calculation

Garmin's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	113.035	/	8603.569
	=	0.01

Garmin's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	113.035	/	8603.569
	=	0.01

Garmin (NYSE:GRMN) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Garmin LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Garmin's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Garmin (Garmin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Garmin Ltd (NYSE:GRMN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GRMN:Mexico G1RM34:Brazil GRMN:Argentina

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.

Executives

Clifton A Pemble	director, officer: President and CEO
Cheng-wei Wang	officer: General Manager - Garmin Corp.	NO. 68, ZHANGSHU 2ND ROAD, XIZHI DISTRICT, NEW TAIPEI CITY F5 221
Sean Biddlecombe	officer: General Manager, Garmin Europe	LIBERTY HOUSE, HOUNSDOWN BUSINESS PARK, SOUTHAMPTON X0 SO40 9LR
Douglas G. Boessen	officer: CFO and Treasurer	3231 S.E. SIXTH AVENUE, TOPEKA KS 66607
Patrick Desbois	officer: Vice President, Operations	1200 EAST 151ST STREET, OLATHE KS 66062
Matthew Munn	officer: VP, Man. Director - Auto OEM	28001 CABOT DRIVE, SUITE 100, NOVI MI 48377
Philip Straub	officer: VP, Man. Director - Aviation	1200 EAST 151ST STREET, OLATHE KS 66062
Jonathan Burrell	10 percent owner	6300 WEST 143RD STREET, OVERLAND PARK KS 66223
Joseph J Hartnett	director	425 NORTH MARTINGALE ROAD, SUITE 1000, SCHAUMBURG IL 60173
Min H Kao	director, 10 percent owner, officer: Chairman and CEO	1200 E. 151ST ST., OLATHE KS 66062
Catherine A. Lewis	director	325 NE NORTHGATE CROSSING, LEE'S SUMMIT MO 64064
Pao-chang Huang	officer: General Manager - Garmin Corp.	NO. 68, JANGSHU 2ND ROAD, SIJHIH, TAPEI F5 ROC
Danny J Bartel	officer: Vice President,Worldwide Sales	1200 EAST 151ST STREET, OLATHE KS 66062
Donald Eller	director
Andrew R Etkind	officer: General Counsel and Secretary	1200 E 151 ST ST, OLATHE KS 66062