Garmin Ltd (GRMN) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Garmin Ltd (GRMN) has a cash flow conversion efficiency ratio of 0.062x as of December 2025. 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 ($553.78 Million) by net assets ($8.97 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
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. Read GRMN total liabilities for a breakdown of total debt and financial obligations.
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 |
|---|---|
|
SIEMENS HEALTH ADR/050
F:SHL1
|
N/A |
|
Targa Resources Inc
NYSE:TRGP
|
0.211x |
|
East Money Information Co Ltd
SHE:300059
|
-0.039x |
|
Sea Ltd
NYSE:SE
|
0.114x |
|
Itau Unibanco Banco Holding SA
NYSE:ITUB
|
0.211x |
|
Ford Motor Company
NYSE:F
|
0.156x |
|
KBC Groep NV
BR:KBC
|
-0.345x |
|
Adani Power Limited
NSE:ADANIPOWER
|
0.250x |
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 GRMN market cap overview.
| 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