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Garmin GRMN Debt-to-equity

Debt-to-equity at other companies

Raytheon Technologies logo
Raytheon TechnologiesRTX
0.6×-0.1×
Apple logo
AppleAAPL
0.8×-0.6×
Honeywell International logo
Honeywell InternationalHON
2.8×+0.8×
Teledyne Technologies logo
Teledyne TechnologiesTDY
0.2×-0.1×
Nike logo
NikeNKE
0.7×-0.1×
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
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-equity?
Garmin (GRMN) reported debt-to-equity of 0× in Q1 2026.
How has Garmin's debt-to-equity changed year-over-year?
Garmin's debt-to-equity increased by 5.8% year-over-year, from 0× to 0×.
What is the long-term trend for Garmin's debt-to-equity?
Over 5 years (2020 to 2025), Garmin's debt-to-equity has grown at a 4.9% compound annual growth rate (CAGR), from 0× to 0×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.