Garmin Ltd. (GRMN) Debt to Equity Ratio: 0.02
Is Garmin Ltd.’s debt to equity ratio high or low?
Garmin Ltd.'s debt to equity ratio of 0.02 is 20% above its 5-year average of 0.02, near the high end of its 5-year range (0.01–0.02).
As of Monday, June 15, 2026. In line with its 12-month average of 0.02.
GRMN Debt to Equity Ratio Chart
GRMN Average Debt to Equity Ratio Chart
GRMN Current vs Average Debt to Equity Ratio Chart
GRMN Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
0.02
DEBT TO EQUITY RATIO AVG TTM
0.02
DEBT TO EQUITY RATIO AVG 3Y
0.02
DEBT TO EQUITY RATIO AVG 5Y
0.02
DEBT TO EQUITY RATIO AVG 10Y
0.01
DEBT TO EQUITY RATIO AVG 15Y
0.01
DEBT TO EQUITY RATIO AVG 20Y
0.01
CURRENT VS TTM AVG
+0.00%
CURRENT VS 3Y AVG
+0.00%
CURRENT VS 5Y AVG
+20.00%
CURRENT VS 10Y AVG
+100.00%
CURRENT VS 15Y AVG
+190.91%
CURRENT VS 20Y AVG
+281.82%
GRMN Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Garmin Ltd. (GRMN) | $46.35B | 0.02 | 0.02 | 0.02 | 0.02 |
| GLOBALFOUNDRIES Inc. (GFS)vs › | $46.06B | 0.14 | 0.18 | 0.23 | 0.27 |
| Block, Inc. (XYZ)vs › | $44.25B | 0.40 | 0.39 | 0.36 | 0.74 |
| ON Semiconductor Corporation (ON)vs › | $49.31B | 0.45 | 0.42 | 0.45 | 0.58 |
| Autodesk, Inc. (ADSK)vs › | $41.72B | 0.90 | 0.94 | 1.41 | 1.90 |
| Block, Inc. (SQ)vs › | $51.73B | 0.11 | 0.24 | 0.29 | 0.69 |
| Microchip Technology Incorporated (MCHP)vs › | $54.38B | 0.86 | 0.83 | 0.89 | 1.10 |
| Ubiquiti Inc. (UI)vs › | $34.78B | 0.45 | 4.21 | 4.21 | 68.55 |
| Fiserv, Inc. (FI)vs › | $34.31B | 1.12 | 1.02 | 0.89 | 0.81 |
| Workday, Inc. (WDAY)vs › | $33.95B | 0.49 | 0.43 | 0.46 | 0.50 |
Financial Health
Debt/Equity
0.02
Current Ratio
3.63
Garmin Ltd. Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Garmin Ltd. Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Garmin Ltd. (GRMN)?
- The debt to equity ratio for GRMN stock is 0.02.
- Is Garmin Ltd.'s debt to equity ratio high or low?
- Garmin Ltd.'s debt to equity ratio of 0.02 is 20% above its 5-year average of 0.02, near the high end of its 5-year range (0.01–0.02).
- What is the TTM average debt to equity ratio for Garmin Ltd. (GRMN)?
- The TTM average debt to equity ratio for GRMN stock is 0.02.
- What is the 3Y average debt to equity ratio for Garmin Ltd. (GRMN)?
- The 3Y average debt to equity ratio for GRMN stock is 0.02.
- What is the 5Y average debt to equity ratio for Garmin Ltd. (GRMN)?
- The 5Y average debt to equity ratio for GRMN stock is 0.02.
- What is the 10Y average debt to equity ratio for Garmin Ltd. (GRMN)?
- The 10Y average debt to equity ratio for GRMN stock is 0.01.
- What is the 15Y average debt to equity ratio for Garmin Ltd. (GRMN)?
- The 15Y average debt to equity ratio for GRMN stock is 0.01.
- What is the 20Y average debt to equity ratio for Garmin Ltd. (GRMN)?
- The 20Y average debt to equity ratio for GRMN stock is 0.01.
Garmin Ltd. Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-27 | 0.02 |
| 2024-12-28 | 0.02 |
| 2023-12-31 | 0.02 |
| 2022-12-31 | 0.02 |
| 2021-12-31 | 0.01 |
| 2020-12-31 | 0.01 |
| 2019-12-31 | 0.01 |
| 2018-12-31 | 0.00 |
| 2017-12-31 | 0.00 |
| 2016-12-31 | 0.00 |
| 2015-12-31 | 0.00 |
| 2014-12-31 | 0.00 |
| 2013-12-31 | 0.00 |
| 2012-12-31 | 0.00 |
| 2011-12-31 | 0.00 |
| 2010-12-31 | 0.00 |
| 2009-12-31 | 0.00 |
| 2008-12-31 | 0.00 |
| 2007-12-31 | 0.00 |
| 2006-12-31 | 0.00 |
| 2005-12-31 | 0.00 |
| 2004-12-31 | 0.00 |
| 2003-12-31 | 0.00 |
| 2002-12-31 | 0.03 |
| 2001-12-31 | 0.07 |
| 2000-12-31 | 0.13 |
| 1999-12-31 | 0.14 |
Related Metrics
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.
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- CEO
- Clifton Albert Pemble