Garmin (GRMN) Interest Expenses (2009 - 2023)

Garmin has disclosed Interest Expenses across 14 years of filings, most recently posting $61.3 million for Q4 2023.

• In Q4 2023, Interest Expenses rose 6.24% year-over-year to $61.3 million; the TTM figure through Dec 2023 stood at $173.1 million (up 3.02% YoY), while the FY2023 annual figure was $173.1 million, up 3.02% from the prior year.
• Interest Expenses came in at $61.3 million for Q4 2023 at Garmin, up from $35.2 million in the prior quarter.
• In the past five years, Interest Expenses ranged from a high of $62.6 million in Q4 2019 to a low of $26.9 million in Q1 2020.
• Average Interest Expenses over 5 years is $41.4 million, with a median of $35.9 million recorded in 2021.
• Year-over-year, Interest Expenses decreased 29.47% in 2020 and jumped 46.62% in 2021.
• Over 5 years, Interest Expenses stood at $62.6 million in 2019, then fell by 2.42% to $61.1 million in 2020, then retreated by 0.02% to $61.1 million in 2021, then slipped by 5.66% to $57.7 million in 2022, then climbed by 6.24% to $61.3 million in 2023.
• Per Business Quant data, the three most recent Interest Expenses figures were $61.3 million in Q4 2023, $35.2 million in Q3 2023, and $46.3 million in Q3 2023.