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Garmin Ltd. (GRMN)
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Garmin Ltd. (GRMN) Debt to Assets Ratio: 0.01%

The debt to assets ratio for Garmin Ltd. (GRMN) is 0.01% as of Sunday, June 14, 2026.

GRMN Debt to Assets Ratio Metrics

DEBT TO ASSETS RATIO

0.01%

GRMN Competitors' Debt to Assets Ratio

NAMEMARKET CAPDEBT TO ASSETS RATIO
Garmin Ltd. (GRMN)$45.92B0.01%
ON Semiconductor Corporation (ON)$45.77B0.28%
GLOBALFOUNDRIES Inc. (GFS)$44.63B0.10%
Autodesk, Inc. (ADSK)$41.90B0.22%
Block, Inc. (XYZ)$41.38B0.23%
Microchip Technology Incorporated (MCHP)$51.63B0.39%
Block, Inc. (SQ)$51.73B-1.18%
Ubiquiti Inc. (UI)$35.63B0.20%
Fiserv, Inc. (FI)$34.31B0.36%
Workday, Inc. (WDAY)$34.26B0.21%

Leverage Ratios Comparison

Debt/Assets

0.0%

Debt/Equity

0.02

Current Ratio

3.63

Interest Coverage

N/A

Formula: Debt/Assets = Total Debt / Total Assets × 100

Debt/Assets vs Debt/Equity:

  • Debt/Assets: Shows % of assets funded by creditors (bounded 0-100%)
  • Debt/Equity: Shows debt relative to shareholder investment (can exceed 100%)
  • Both measure leverage but from different perspectives

Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.

Garmin Ltd. Debt to Assets Ratio Formula & Definition

Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Garmin Ltd. Debt to Assets Ratio FAQ

What is the debt to assets ratio for Garmin Ltd. (GRMN)?
The debt to assets ratio for GRMN stock is 0.01%.

About Garmin Ltd.

Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.

Schaffhausen
21,800 employees
Technology / Hardware, Equipment & Parts
Sector
Technology
Industry
Hardware, Equipment & Parts
CEO
Clifton Albert Pemble