Garmin Ltd (GRMN) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Garmin Ltd (GRMN) 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) by net assets ($9.27 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See GRMN net asset quality index to measure how much of total assets are equity-financed.
Garmin Ltd - Cash Flow Conversion Efficiency Trend (1999–2025)
This chart illustrates how Garmin Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check GRMN 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 |
|---|---|
|
Itau Unibanco Banco Holding SA
NYSE:ITUB
|
-0.024x |
|
Ambev SA ADR
NYSE:ABEV
|
0.035x |
|
argenx NV ADR
NASDAQ:ARGX
|
0.056x |
|
ING Groep N.V
MX:INGN
|
N/A |
|
HOLCIM NEW(U.ADR)1/5/SF2
F:HLB
|
N/A |
|
BASF SE
F:BASA
|
0.106x |
|
KBC GROEP N.V. ADR
F:KDB0
|
N/A |
|
Bank Central Asia Tbk
JK:BBCA
|
0.022x |
Annual Cash Flow Conversion Efficiency for Garmin Ltd (1999–2025)
The table below shows the annual cash flow conversion efficiency of Garmin Ltd from 1999 to 2025. For the full company profile with market capitalisation and key ratios, see Garmin Ltd market cap and net worth.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $8.97 Billion | $1.63 Billion | 0.182x | -0.26% |
| 2024-12-31 | $7.85 Billion | $1.43 Billion | 0.183x | -7.01% |
| 2023-12-31 | $7.01 Billion | $1.38 Billion | 0.196x | +54.48% |
| 2022-12-31 | $6.20 Billion | $788.26 Million | 0.127x | -23.27% |
| 2021-12-31 | $6.11 Billion | $1.01 Billion | 0.166x | -19.54% |
| 2020-12-31 | $5.52 Billion | $1.14 Billion | 0.206x | +41.23% |
| 2019-12-31 | $4.79 Billion | $698.55 Million | 0.146x | -34.02% |
| 2018-12-31 | $4.16 Billion | $919.52 Million | 0.221x | +27.09% |
| 2017-12-31 | $3.80 Billion | $660.84 Million | 0.174x | -15.82% |
| 2016-12-31 | $3.42 Billion | $705.68 Million | 0.206x | +146.24% |
| 2015-12-31 | $3.35 Billion | $280.47 Million | 0.084x | -45.41% |
| 2014-12-31 | $3.40 Billion | $522.71 Million | 0.154x | -10.79% |
| 2013-12-31 | $3.66 Billion | $630.08 Million | 0.172x | -11.20% |
| 2012-12-31 | $3.53 Billion | $684.75 Million | 0.194x | -23.22% |
| 2011-12-31 | $3.26 Billion | $822.33 Million | 0.253x | -0.08% |
| 2010-12-31 | $3.05 Billion | $770.64 Million | 0.253x | -34.51% |
| 2009-12-31 | $2.84 Billion | $1.09 Billion | 0.386x | -0.38% |
| 2008-12-31 | $2.23 Billion | $862.16 Million | 0.387x | +33.49% |
| 2007-12-31 | $2.35 Billion | $682.09 Million | 0.290x | +24.93% |
| 2006-12-31 | $1.56 Billion | $361.86 Million | 0.232x | +8.82% |
| 2005-12-31 | $1.16 Billion | $247.00 Million | 0.213x | -4.40% |
| 2004-12-31 | $935.86 Million | $208.94 Million | 0.223x | -4.46% |
| 2003-12-31 | $749.69 Million | $175.18 Million | 0.234x | -19.74% |
| 2002-12-31 | $602.50 Million | $175.41 Million | 0.291x | +1.67% |
| 2001-12-31 | $453.97 Million | $129.99 Million | 0.286x | +18.41% |
| 2000-12-31 | $365.24 Million | $88.32 Million | 0.242x | +6.13% |
| 1999-12-31 | $194.60 Million | $44.34 Million | 0.228x | -- |
About Garmin Ltd
Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platf… Read more