Garmin Ltd (GEY) — Capital Reinvestment Ratio
Latest as of March 2026:
0.12x
Garmin Ltd (GEY) has a Capital Reinvestment Ratio of 0.12x as of March 2026, meaning it reinvests 0% of its operating cash flow (€535.99 Million) in capital expenditures (€66.62 Million). Check GEY tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
0.12x
Capex / Operating Cash Flow
Operating Cash Flow
€535.99 Million
EUR
Capital Expenditures
€66.62 Million
EUR
Data as of
Mar 2026
Most recent filing
Garmin Ltd Capital Reinvestment Ratio (2013–2025)
This chart tracks Garmin Ltd's Capital Reinvestment Ratio across 12 annual periods. For the full cash flow conversion analysis, see GEY cash flow conversion.
Annual Capital Reinvestment Ratio for Garmin Ltd (2013–2025)
Year-by-year Capital Reinvestment Ratio for Garmin Ltd from 2013 to 2025. See GEY FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.17x | €1.63 Billion | €270.45 Million | ▲ +22.5% |
| 2024 | 0.14x | €1.43 Billion | €193.57 Million | ▼ -3.9% |
| 2023 | 0.14x | €1.38 Billion | €193.52 Million | ▼ -54.6% |
| 2022 | 0.31x | €788.26 Million | €244.29 Million | ▲ +1.3% |
| 2021 | 0.31x | €1.01 Billion | €309.59 Million | ▲ +77.4% |
| 2019 | 0.17x | €698.55 Million | €120.41 Million | ▼ -1.2% |
| 2018 | 0.17x | €919.52 Million | €160.35 Million | ▼ -24.1% |
| 2017 | 0.23x | €660.84 Million | €151.93 Million | ▲ +67.8% |
| 2016 | 0.14x | €705.68 Million | €96.67 Million | ▼ -52.3% |
| 2015 | 0.29x | €280.47 Million | €80.59 Million | ▲ +104.8% |
| 2014 | 0.14x | €522.71 Million | €73.34 Million | ▲ +57.6% |
| 2013 | 0.09x | €630.08 Million | €56.08 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow