Garmin Ltd Working Capital to Net Assets Ratio
Garmin Ltd working capital to net assets ratio. Garmin Ltd (GRMN) has a Working Capital to Net Assets ratio of 46.8% as of June 2026. Working capital of $4.23 Billion (current assets of $6.31 Billion minus current liabilities of $2.08 Billion) is measured against net assets of $9.03 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check GRMN intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Garmin Ltd (1999–2025)
Working capital to net assets ratio of Garmin Ltd from 1999 to 2025. This chart shows how Garmin Ltd's Working Capital to Net Assets ratio has evolved across 27 annual periods from 1999 to 2025. As of June 2026, the ratio stands at 46.8%, reflecting working capital of $4.23 Billion against net assets of $9.03 Billion USD. See Garmin Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Garmin Ltd Working Capital to Net Assets Ratio by Year (1999–2025)
Garmin Ltd working capital to net assets ratio by year from 1999 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Garmin Ltd from 1999 to 2025, covering 27 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see GRMN current and non-current assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 50.5% | $4.53 Billion | $8.97 Billion | $6.25 Billion | $1.72 Billion | ▲ +1.7 pp |
| 2024 | 48.8% | $3.83 Billion | $7.85 Billion | $5.34 Billion | $1.51 Billion | ▲ +3.8 pp |
| 2023 | 45.0% | $3.15 Billion | $7.01 Billion | $4.46 Billion | $1.31 Billion | ▲ +0.8 pp |
| 2022 | 44.2% | $2.74 Billion | $6.20 Billion | $3.96 Billion | $1.21 Billion | ▼ -1.8 pp |
| 2021 | 46.0% | $2.81 Billion | $6.11 Billion | $4.26 Billion | $1.45 Billion | ▲ +0.6 pp |
| 2020 | 45.4% | $2.51 Billion | $5.52 Billion | $3.67 Billion | $1.16 Billion | ▲ +3.2 pp |
| 2019 | 42.2% | $2.02 Billion | $4.79 Billion | $3.06 Billion | $1.04 Billion | ▲ +0.3 pp |
| 2018 | 41.9% | $1.74 Billion | $4.16 Billion | $2.67 Billion | $921.31 Million | ▲ +1.5 pp |
| 2017 | 40.4% | $1.54 Billion | $3.80 Billion | $2.36 Billion | $828.66 Million | ▼ -2.9 pp |
| 2016 | 43.3% | $1.48 Billion | $3.42 Billion | $2.26 Billion | $782.74 Million | ▲ +3.1 pp |
| 2015 | 40.2% | $1.35 Billion | $3.35 Billion | $2.21 Billion | $866.00 Million | ▼ -3.2 pp |
| 2014 | 43.4% | $1.48 Billion | $3.40 Billion | $2.51 Billion | $1.03 Billion | ▼ -2.8 pp |
| 2013 | 46.2% | $1.69 Billion | $3.66 Billion | $2.60 Billion | $905.30 Million | ▲ +0.1 pp |
| 2012 | 46.1% | $1.63 Billion | $3.53 Billion | $2.54 Billion | $909.03 Million | ▼ -6.5 pp |
| 2011 | 52.6% | $1.71 Billion | $3.26 Billion | $2.57 Billion | $858.28 Million | ▼ -7.4 pp |
| 2010 | 60.0% | $1.83 Billion | $3.05 Billion | $2.50 Billion | $669.04 Million | ▼ -0.3 pp |
| 2009 | 60.3% | $1.71 Billion | $2.84 Billion | $2.39 Billion | $683.67 Million | ▼ -7.3 pp |
| 2008 | 67.6% | $1.51 Billion | $2.23 Billion | $1.98 Billion | $479.18 Million | ▲ +2.5 pp |
| 2007 | 65.1% | $1.53 Billion | $2.35 Billion | $2.33 Billion | $801.88 Million | ▲ +11.8 pp |
| 2006 | 53.4% | $831.40 Million | $1.56 Billion | $1.17 Billion | $337.68 Million | ▲ +1.0 pp |
| 2005 | 52.3% | $605.68 Million | $1.16 Billion | $801.17 Million | $195.49 Million | ▲ +3.1 pp |
| 2004 | 49.2% | $460.70 Million | $935.86 Million | $636.97 Million | $176.27 Million | ▼ -8.9 pp |
| 2003 | 58.1% | $435.49 Million | $749.69 Million | $539.93 Million | $104.43 Million | ▼ -6.9 pp |
| 2002 | 65.0% | $391.82 Million | $602.50 Million | $465.23 Million | $73.41 Million | ▼ -1.9 pp |
| 2001 | 66.9% | $303.71 Million | $453.97 Million | $352.74 Million | $49.03 Million | ▼ -27.8 pp |
| 2000 | 94.7% | $345.98 Million | $365.24 Million | $388.02 Million | $42.04 Million | ▲ +9.6 pp |
| 1999 | 85.2% | $165.74 Million | $194.60 Million | $197.98 Million | $32.24 Million | — |