Garmin Ltd (GEY) - Cash Flow Conversion Efficiency

Latest as of March 2026: 0.058x

Based on the latest financial reports, Garmin Ltd (GEY) has a cash flow conversion efficiency ratio of 0.058x as of March 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (€535.99 Million ≈ $626.63 Million USD) by net assets (€9.27 Billion ≈ $10.84 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Garmin Ltd net asset quality index to measure how much of total assets are equity-financed.

Garmin Ltd - Cash Flow Conversion Efficiency Trend (2013–2025)

This chart illustrates how Garmin Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check GEY cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

Garmin Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Garmin Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
HCL Technologies Limited NSE:HCLTECH	0.080x
LEGRAND UNSP.ARD 1/5 EO 4 F:LRC0	0.033x
Commerzbank AG XETRA:CBK	-0.209x
CITIC LTD. ADR/5 HD-40 F:CPF0	N/A
Prudential plc MX:PUKN	0.030x
Nokia Corp ADR NYSE:NOK	0.018x
Interactive Brokers Group Inc NASDAQ:IBKR	0.170x
American International Group Inc NYSE:AIG	0.004x

Annual Cash Flow Conversion Efficiency for Garmin Ltd (2013–2025)

The table below shows the annual cash flow conversion efficiency of Garmin Ltd from 2013 to 2025. For the full company profile with market capitalisation and key ratios, see Garmin Ltd (GEY) total market value.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	€8.97 Billion ≈ $10.49 Billion	€1.63 Billion ≈ $1.91 Billion	0.182x	-0.26%
2024-12-31	€7.85 Billion ≈ $9.18 Billion	€1.43 Billion ≈ $1.67 Billion	0.183x	-7.01%
2023-12-31	€7.01 Billion ≈ $8.20 Billion	€1.38 Billion ≈ $1.61 Billion	0.196x	+54.48%
2022-12-31	€6.20 Billion ≈ $7.25 Billion	€788.26 Million ≈ $921.56 Million	0.127x	-23.27%
2021-12-31	€6.11 Billion ≈ $7.15 Billion	€1.01 Billion ≈ $1.18 Billion	0.166x	+13.63%
2019-12-31	€4.79 Billion ≈ $5.60 Billion	€698.55 Million ≈ $816.68 Million	0.146x	-34.02%
2018-12-31	€4.16 Billion ≈ $4.87 Billion	€919.52 Million ≈ $1.08 Billion	0.221x	+27.09%
2017-12-31	€3.80 Billion ≈ $4.45 Billion	€660.84 Million ≈ $772.59 Million	0.174x	-15.82%
2016-12-31	€3.42 Billion ≈ $4.00 Billion	€705.68 Million ≈ $825.02 Million	0.206x	+146.24%
2015-12-31	€3.35 Billion ≈ $3.91 Billion	€280.47 Million ≈ $327.90 Million	0.084x	-45.41%
2014-12-31	€3.40 Billion ≈ $3.98 Billion	€522.71 Million ≈ $611.10 Million	0.154x	-10.79%
2013-12-31	€3.66 Billion ≈ $4.28 Billion	€630.08 Million ≈ $736.63 Million	0.172x	--

About Garmin Ltd

F:GEY Germany Scientific & Technical Instruments

Market Cap

$57.38 Billion

€49.08 Billion EUR

Market Cap Rank

#683 Global

#146 in Germany

Share Price

€254.50

Change (1 day)

-0.04%

52-Week Range

€168.00 - €254.60

All Time High

€254.60