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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Garmin's total current liabilities for the quarter that ended in Mar. 2024 was $1,117
The historical data trend for Garmin's Total Current Liabilities 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.
Garmin Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 1,035.93 | 1,164.22 | 1,448.15 | 1,211.64 | 1,310.69 |
Garmin Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Total Current Liabilities | Get a 7-Day Free Trial | 1,008.20 | 1,449.65 | 1,327.80 | 1,310.69 | 1,117.39 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
Garmin's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 1209.498 | + | 0 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | -2.2737367544323E-13 | + | 101.189 | |
= | 1,311 |
Garmin's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 1016.646 | + | 0 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0 | + | 100.74 | |
= | 1,117 |
* 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.
The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.
Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.
Be Aware
Stay away from companies that roll over the debt e.g. Bear Stearns
When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.
His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.
Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term
Thank you for viewing the detailed overview of Garmin's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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