Garmin GRMN Current ratio
Current ratio at other companies
Other financials
Where this comes from
Calculated from Garmin’s reported figures.
Based on the most recent quarter.
The official record: Garmin’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Garmin's current ratio?
- Garmin (GRMN) reported current ratio of 4.4× in Q1 2026.
- How has Garmin's current ratio changed year-over-year?
- Garmin's current ratio increased by 6.5% year-over-year, from 4.1× to 4.4×.
- What is the long-term trend for Garmin's current ratio?
- Over 5 years (2020 to 2025), Garmin's current ratio has grown at a 2.9% compound annual growth rate (CAGR), from 3.2× to 3.6×.
- What does current ratio mean?
- Whether the company has enough short-term assets to cover its short-term bills.
- How do you interpret current ratio?
- Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
- How does current ratio compare across companies?
- Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.