Garmin Ltd.

Garmin Ltd.verified

GRMN

Price:

$180.17

Market Cap:

$34.63B

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and m...[Read more]

Industry

Hardware, Equipment & Parts

IPO Date

2000-12-08

Stock Exchange

NYSE

Ticker

GRMN

The Current Ratio as of September 2024 (TTM) for Garmin Ltd. (GRMN) is 2.88

According to Garmin Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 2.88. This represents a change of -14.33% compared to the average of 3.36 of the last 4 quarters.

Garmin Ltd. (GRMN) Historical Current Ratio (quarterly & annually)

How has GRMN Current Ratio performed in the past?

The mean historical Current Ratio of Garmin Ltd. over the last ten years is 2.93. The current 2.88 Current Ratio has changed 9.71% with respect to the historical average. Over the past ten years (40 quarters), GRMN's Current Ratio was at its highest in in the March 2019 quarter at 4.04. The Current Ratio was at its lowest in in the September 2014 quarter at 2.16.

Quarterly (TTM)
Annual

Average

2.93

Median

2.92

Minimum

2.43

Maximum

3.41

Garmin Ltd. (GRMN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Garmin Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 13.24%

Maximum Annual Current Ratio = 3.41

Minimum Annual Increase = -15.24%

Minimum Annual Current Ratio = 2.43

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.414.34%
20223.2610.92%
20212.94-6.63%
20203.156.78%
20192.952.03%
20182.891.41%
20172.85-1.33%
20162.8913.24%
20152.555.06%
20142.43-15.24%

Garmin Ltd. (GRMN) Average Current Ratio

How has GRMN Current Ratio performed in the past?

The current Current Ratio of Garmin Ltd. (GRMN) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

3.20

5-year avg

3.14

10-year avg

2.93

Garmin Ltd. (GRMN) Current Ratio vs. Peers

How is GRMN’s Current Ratio compared to its peers?

Garmin Ltd.’s Current Ratio is greater than Vontier Corporation (1.69), greater than Teledyne Technologies Incorporated (1.98), greater than ESCO Technologies Inc. (2.10), less than MKS Instruments, Inc. (3.58), greater than Sensata Technologies Holding plc (1.77), greater than Fortive Corporation (1.21), greater than Coherent, Inc. (2.72), less than Cognex Corporation (3.97), greater than Novanta Inc. (2.77), greater than Trimble Inc. (0.99), greater than Vishay Precision Group, Inc. (2.67),

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