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Garmin GRMN Debt-to-assets

Debt-to-assets at other companies

Raytheon Technologies logo
Raytheon TechnologiesRTX
0.2×0.0×
Apple logo
AppleAAPL
0.2×-0.1×
Honeywell International logo
Honeywell InternationalHON
0.5×+0.1×
Teledyne Technologies logo
Teledyne TechnologiesTDY
0.2×0.0×
Nike logo
NikeNKE
0.3×0.0×
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$1.8B+14.2%
Gross profit$1.0B+17.8%
Operating income$431.7M+29.7%
Net income$405.1M+21.7%
EPS (diluted)$2.09+21.5%

Balance sheet

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Cash & equivalents$2.3B+5.3%
Total debt$167.6M+19.5%
Total equity$9.3B+13.3%
Total assets$11.0B+11.9%

Cash flow

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Operating cash flow$536.0M+27.4%
CapEx$66.6M+66.3%
Free cash flow$469.4M+23.3%

Valuation

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Market cap$45.17B+6.9%
Enterprise value$43.04B+7.0%
P/E26×-2.8×
P/S6.1×-0.5×

Profitability

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Gross margin59.1%+0.6pp
Operating margin26.5%+1.2pp
Net margin23.3%+0.5pp
FCF margin19.4%+0.6pp

Returns & leverage

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Return on equity19.9%+0.9pp
Debt / equity0.0×
Current ratio4.4×+0.3×

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 debt-to-assets?
Garmin (GRMN) reported debt-to-assets of 0× in Q1 2026.
How has Garmin's debt-to-assets changed year-over-year?
Garmin's debt-to-assets increased by 7.0% year-over-year, from 0× to 0×.
What is the long-term trend for Garmin's debt-to-assets?
Over 5 years (2020 to 2025), Garmin's debt-to-assets has grown at a 5.7% compound annual growth rate (CAGR), from 0× to 0×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.