Yahoo Finance Why We Think Garmin Ltd. (NASDAQ:GRMN) Could Be Worth Looking At
I’ve been keeping an eye on Garmin Ltd. (NASDAQ:GRMN) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe GRMN has a lot to offer. Basically, it is a dependable dividend-paying company that has been able to sustain great financial health over the past. Below is a brief commentary on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on Garmin here.
Flawless balance sheet average dividend payer
GRMN is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This indicates that GRMN has sufficient cash flows and proper cash management in place, which is a key determinant of the company’s health. Investors should not worry about GRMN’s debt levels because the company has none! It has only utilized funding from its equity capital to run the business, which is rather impressive for a US$12b market cap company. Therefore the company has plenty of headroom to grow, and the ability to raise debt should it need to in the future.
Income investors would also be happy to know that GRMN is a great dividend company, with a current yield standing at 3.3%. GRMN has also been regularly increasing its dividend payments to shareholders over the past decade.
Next Steps:
For Garmin, I’ve put together three key factors you should further examine:
Future Outlook: What are well-informed industry analysts predicting for GRMN’s future growth? Take a look at our free research report of analyst consensus for GRMN’s outlook.
Historical Performance: What has GRMN’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of GRMN? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
