Garmin Ltd (GRMN) — Defensive Interval Ratio
Garmin Ltd (GRMN) has a Defensive Interval Ratio of 260 days as of June 2026. Defensive assets of $1.49 Billion (cash $-, short-term investments $331.95 Million, receivables $1.15 Billion) cover 260 days of daily cash needs of $5.71 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Garmin Ltd Defensive Interval Ratio (1999–2025)
This chart shows how Garmin Ltd's Defensive Interval Ratio has evolved across 27 annual periods from 1999 to 2025. As of June 2026, the ratio stands at 260 days, meaning defensive assets of $1.49 Billion can fund 260 days of operations without new revenue. For the complete balance sheet picture, see GRMN total asset value.
Annual Defensive Interval Ratio for Garmin Ltd (1999–2025)
The table below presents the year-by-year Defensive Interval Ratio for Garmin Ltd from 1999 to 2025, covering 27 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See Garmin Ltd short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 363 days | $1.71 Billion | $4.71 Million/day | $- | $459.20 Million | ▲ +23 days |
| 2024 | 340 days | $1.40 Billion | $4.13 Million/day | $- | $421.27 Million | ▲ +37 days |
| 2023 | 304 days | $1.09 Billion | $3.59 Million/day | $- | $274.62 Million | ▼ -332 days |
| 2022 | 635 days | $2.11 Billion | $3.32 Million/day | $1.28 Billion | $173.29 Million | ▼ -42 days |
| 2021 | 678 days | $2.69 Billion | $3.97 Million/day | $1.50 Billion | $347.98 Million | ▼ -167 days |
| 2020 | 845 days | $2.70 Billion | $3.19 Million/day | $1.46 Billion | $387.64 Million | ▲ +101 days |
| 2019 | 744 days | $2.11 Billion | $2.84 Million/day | $1.03 Billion | $376.46 Million | ▼ -31 days |
| 2018 | 774 days | $1.95 Billion | $2.52 Million/day | $1.20 Billion | $182.99 Million | ▲ +50 days |
| 2017 | 724 days | $1.64 Billion | $2.27 Million/day | $891.49 Million | $161.69 Million | ▼ -41 days |
| 2016 | 765 days | $1.64 Billion | $2.14 Million/day | $846.88 Million | $266.95 Million | ▲ +99 days |
| 2015 | 666 days | $1.58 Billion | $2.37 Million/day | $833.07 Million | $215.16 Million | ▼ -18 days |
| 2014 | 683 days | $1.93 Billion | $2.83 Million/day | $1.20 Billion | $167.99 Million | ▼ -136 days |
| 2013 | 819 days | $2.03 Billion | $2.48 Million/day | $1.18 Billion | $149.86 Million | ▲ +21 days |
| 2012 | 798 days | $1.99 Billion | $2.49 Million/day | $1.23 Billion | $153.08 Million | ▼ -61 days |
| 2011 | 859 days | $2.02 Billion | $2.35 Million/day | $1.29 Billion | $124.64 Million | ▼ -250 days |
| 2010 | 1109 days | $2.03 Billion | $1.83 Million/day | $1.26 Billion | $24.42 Million | ▲ +49 days |
| 2009 | 1060 days | $1.99 Billion | $1.87 Million/day | $1.09 Billion | $19.58 Million | ▼ -45 days |
| 2008 | 1105 days | $1.45 Billion | $1.31 Million/day | $696.34 Million | $12.89 Million | ▲ +332 days |
| 2007 | 773 days | $1.70 Billion | $2.20 Million/day | $707.69 Million | $37.55 Million | ▼ -107 days |
| 2006 | 880 days | $813.88 Million | $925.16K/day | $337.32 Million | $73.03 Million | ▼ -124 days |
| 2005 | 1003 days | $537.40 Million | $535.58K/day | $334.35 Million | $32.05 Million | ▲ +125 days |
| 2004 | 879 days | $424.39 Million | $482.92K/day | $249.91 Million | $64.37 Million | ▼ -555 days |
| 2003 | 1434 days | $410.17 Million | $286.12K/day | $274.33 Million | $53.13 Million | ▼ -498 days |
| 2002 | 1931 days | $388.38 Million | $201.11K/day | $216.77 Million | $113.34 Million | ▼ -165 days |
| 2001 | 2097 days | $281.63 Million | $134.32K/day | $192.80 Million | $40.84 Million | ▼ -373 days |
| 2000 | 2470 days | $284.45 Million | $115.18K/day | $251.73 Million | $- | ▲ +2115 days |
| 1999 | 355 days | $31.35 Million | $88.33K/day | $- | $- | — |