Garmin Ltd (GRMN) — Cash Flow-to-Debt Ratio
Garmin Ltd (GRMN) has a Cash Flow-to-Debt Ratio of 0.14x as of June 2026, meaning its operating cash flow of $337.93 Million could theoretically repay 0% of its total liabilities ($2.39 Billion) in one year. See financial agility of Garmin Ltd to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Garmin Ltd Cash Flow-to-Debt Ratio (1999–2025)
Historical debt coverage capacity for Garmin Ltd across 27 annual periods. For the full cash flow conversion analysis, see GRMN cash generation efficiency.
Annual Cash Flow-to-Debt Ratio for Garmin Ltd (1999–2025)
Year-by-year debt coverage analysis for Garmin Ltd. Check Garmin Ltd (GRMN) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.81x | $1.63 Billion | $2.02 Billion | ▲ +0.5% |
| 2024 | 0.80x | $1.43 Billion | $1.78 Billion | ▼ -7.0% |
| 2023 | 0.86x | $1.38 Billion | $1.59 Billion | ▲ +67.5% |
| 2022 | 0.52x | $788.26 Million | $1.53 Billion | ▼ -11.3% |
| 2021 | 0.58x | $1.01 Billion | $1.74 Billion | ▼ -22.4% |
| 2020 | 0.75x | $1.14 Billion | $1.52 Billion | ▲ +47.3% |
| 2019 | 0.51x | $698.55 Million | $1.37 Billion | ▼ -32.5% |
| 2018 | 0.75x | $919.52 Million | $1.22 Billion | ▲ +37.8% |
| 2017 | 0.55x | $660.84 Million | $1.21 Billion | ▼ -14.2% |
| 2016 | 0.64x | $705.68 Million | $1.11 Billion | ▲ +162.3% |
| 2015 | 0.24x | $280.47 Million | $1.15 Billion | ▼ -40.0% |
| 2014 | 0.41x | $522.71 Million | $1.29 Billion | ▼ -21.5% |
| 2013 | 0.52x | $630.08 Million | $1.22 Billion | ▼ -2.9% |
| 2012 | 0.53x | $684.75 Million | $1.29 Billion | ▼ -21.4% |
| 2011 | 0.68x | $822.33 Million | $1.21 Billion | ▼ -17.5% |
| 2010 | 0.82x | $770.64 Million | $939.13 Million | ▼ -25.8% |
| 2009 | 1.11x | $1.09 Billion | $989.43 Million | ▼ -10.4% |
| 2008 | 1.23x | $862.16 Million | $698.73 Million | ▲ +70.2% |
| 2007 | 0.72x | $682.09 Million | $940.85 Million | ▼ -32.1% |
| 2006 | 1.07x | $361.86 Million | $339.12 Million | ▼ -11.5% |
| 2005 | 1.21x | $247.00 Million | $204.97 Million | ▲ +4.7% |
| 2004 | 1.15x | $208.94 Million | $181.53 Million | ▼ -29.5% |
| 2003 | 1.63x | $175.18 Million | $107.25 Million | ▼ -11.0% |
| 2002 | 1.83x | $175.41 Million | $95.62 Million | ▲ +10.3% |
| 2001 | 1.66x | $129.99 Million | $78.19 Million | ▲ +84.7% |
| 2000 | 0.90x | $88.32 Million | $98.11 Million | ▲ +21.9% |
| 1999 | 0.74x | $44.34 Million | $60.05 Million | — |