Garmin (GRMN) Non Operating Interest Expenses (2009 - 2023)

Garmin has reported Non Operating Interest Expenses for 14 years, with the latest figure at $61.3 million in Q4 2023.

• Quarterly Non Operating Interest Expenses rose 6.24% year-over-year to $61.3 million in Q4 2023, while the trailing twelve-month figure through Dec 2023 was $173.1 million (up 3.02% YoY) and the FY2023 annual result came in at $173.1 million, up 3.02% from the prior year.
• Non Operating Interest Expenses rose to $61.3 million in Q4 2023 per GRMN's latest filing, from $35.2 million in the prior quarter.
• Over five years, Non Operating Interest Expenses peaked at $62.6 million in Q4 2019 and troughed at $26.9 million in Q1 2020.
• A 5-year average of $41.4 million and a median of $35.9 million in 2021 frame the typical range for Non Operating Interest Expenses.
• The sharpest annual moves came in 2020 and 2021: Non Operating Interest Expenses slipped 29.47% in 2020, then surged 46.62% in 2021.
• Over 5 years, Non Operating Interest Expenses stood at $62.6 million in 2019, then decreased by 2.42% to $61.1 million in 2020, then slipped by 0.02% to $61.1 million in 2021, then declined by 5.66% to $57.7 million in 2022, then increased by 6.24% to $61.3 million in 2023.
• According to Business Quant data, Non Operating Interest Expenses over the past three periods registered $61.3 million, $35.2 million, and $46.3 million for Q4 2023, Q3 2023, and Q3 2023 respectively.