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Garmin GRMN Quick ratio

Quick ratio at other companies

Raytheon Technologies logo
Raytheon TechnologiesRTX
0.8×0.0×
Apple logo
AppleAAPL
+0.2×
Honeywell International logo
Honeywell InternationalHON
1.1×+0.1×
Teledyne Technologies logo
Teledyne TechnologiesTDY
1.2×-0.3×
Nike logo
NikeNKE
2.2×0.0×
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 quick ratio?
Garmin (GRMN) reported quick ratio of 3× in Q1 2026.
How has Garmin's quick ratio changed year-over-year?
Garmin's quick ratio increased by 3.8% year-over-year, from 2.9× to 3×.
What is the long-term trend for Garmin's quick ratio?
Over 5 years (2020 to 2025), Garmin's quick ratio has grown at a 0.8% compound annual growth rate (CAGR), from 2.5× to 2.6×.
What does quick ratio mean?
Can the company cover short-term bills without having to sell inventory first?
How do you interpret quick ratio?
More conservative than the current ratio. A wide gap between the two flags heavy reliance on inventory to meet near-term obligations.
How does quick ratio compare across companies?
Most informative for inventory-heavy businesses; converges with the current ratio for firms that carry little inventory.