Garmin (BUE:GRMN) Deferred Tax : ARS-118,778 Mil (TTM As of Mar. 2024)

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What is Garmin Deferred Tax?

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Garmin's change in deferred tax for the three months ended in Mar. 2024 was ARS-8,097 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Mar. 2024 was ARS-118,778 Mil.

Garmin Deferred Tax Historical Data

The historical data trend for Garmin's Deferred Tax 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 Deferred Tax Chart

Garmin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Deferred Tax

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-5,281.48

564.05

-542.11

-24,021.90

-123,019.41

Garmin Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Deferred Tax	Get a 7-Day Free Trial															-3,104.10	-12,755.04	-7,473.18	-90,452.16	-8,097.27

Garmin Deferred Tax Calculation

Deferred Tax 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 ARS-118,778 Mil.

Garmin Deferred Tax Related Terms

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Garmin (BUE:GRMN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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.