Garmin Ltd (GRMN) — Financial Flexibility Index
Garmin Ltd (GRMN) has a Financial Flexibility Index of 0.19x as of June 2026. Free cash flow of $465.71 Million (operating CF $337.93 Million minus capex $127.78 Million) represents 0% of total liabilities ($2.39 Billion). Check GRMN total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Garmin Ltd Financial Flexibility Index (1999–2025)
Historical Financial Flexibility Index trend for Garmin Ltd across 27 annual periods. For the full cash flow conversion analysis, see GRMN cash generation efficiency.
Annual Financial Flexibility Index for Garmin Ltd (1999–2025)
Year-by-year free cash flow to debt coverage for Garmin Ltd. Explore Garmin Ltd debt service capacity to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.94x | $1.90 Billion | $1.63 Billion | $2.02 Billion | ▲ +3.2% |
| 2024 | 0.91x | $1.63 Billion | $1.43 Billion | $1.78 Billion | ▼ -7.6% |
| 2023 | 0.99x | $1.57 Billion | $1.38 Billion | $1.59 Billion | ▲ +45.7% |
| 2022 | 0.68x | $1.03 Billion | $788.26 Million | $1.53 Billion | ▼ -10.8% |
| 2021 | 0.76x | $1.32 Billion | $1.01 Billion | $1.74 Billion | ▼ -13.0% |
| 2020 | 0.87x | $1.32 Billion | $1.14 Billion | $1.52 Billion | ▲ +46.4% |
| 2019 | 0.60x | $818.96 Million | $698.55 Million | $1.37 Billion | ▼ -32.6% |
| 2018 | 0.89x | $1.08 Billion | $919.52 Million | $1.22 Billion | ▲ +31.5% |
| 2017 | 0.67x | $812.77 Million | $660.84 Million | $1.21 Billion | ▼ -7.1% |
| 2016 | 0.72x | $802.36 Million | $705.68 Million | $1.11 Billion | ▲ +129.2% |
| 2015 | 0.32x | $364.95 Million | $280.47 Million | $1.15 Billion | ▼ -32.1% |
| 2014 | 0.47x | $600.77 Million | $522.71 Million | $1.29 Billion | ▼ -17.3% |
| 2013 | 0.56x | $687.29 Million | $630.08 Million | $1.22 Billion | ▼ -0.6% |
| 2012 | 0.57x | $729.97 Million | $684.75 Million | $1.29 Billion | ▼ -20.2% |
| 2011 | 0.71x | $863.51 Million | $822.33 Million | $1.21 Billion | ▼ -17.2% |
| 2010 | 0.86x | $806.61 Million | $770.64 Million | $939.13 Million | ▼ -26.2% |
| 2009 | 1.16x | $1.15 Billion | $1.09 Billion | $989.43 Million | ▼ -17.8% |
| 2008 | 1.42x | $988.76 Million | $862.16 Million | $698.73 Million | ▲ +58.2% |
| 2007 | 0.89x | $841.78 Million | $682.09 Million | $940.85 Million | ▼ -33.7% |
| 2006 | 1.35x | $457.88 Million | $361.86 Million | $339.12 Million | ▲ +1.0% |
| 2005 | 1.34x | $274.13 Million | $247.00 Million | $204.97 Million | ▼ -15.4% |
| 2004 | 1.58x | $287.08 Million | $208.94 Million | $181.53 Million | ▼ -18.4% |
| 2003 | 1.94x | $207.95 Million | $175.18 Million | $107.25 Million | ▼ -1.3% |
| 2002 | 1.96x | $187.83 Million | $175.41 Million | $95.62 Million | ▲ +6.0% |
| 2001 | 1.85x | $144.87 Million | $129.99 Million | $78.19 Million | ▲ +60.7% |
| 2000 | 1.15x | $113.14 Million | $88.32 Million | $98.11 Million | ▼ -9.5% |
| 1999 | 1.27x | $76.54 Million | $44.34 Million | $60.05 Million | — |