GARMIN LTD (GRMN) Quick Ratio
- Quick ratio · latest quarter: Value 2.65×; Formula and calculation Cash, cash equivalents, current marketable securities and trade receivables / current liabilities. Period ending 2026-03-28..
Quick ratio
Overview →Financial period ending 2026-03-28; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Quick ratio · latest quarter | 2.65× | Cash, cash equivalents, current marketable securities and trade receivables / current liabilities. Period ending 2026-03-28. $3.64B ÷ $1.38B ≈ 2.65× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Cash, securities and trade receivables | 3.64B USD | Cash and Cash Equivalents, at Carrying Value · Marketable Securities, Current · Debt Securities, Available-for-sale, Current · Available-for-sale Securities, Current · Accounts Receivable, after Allowance for Credit Loss, Current |
| Current obligations | 1.38B USD | Liabilities, Current |
| Cash and equivalents | 2.29B USD | Cash and Cash Equivalents, at Carrying Value |
| Short-term securities | 411.03M USD | Marketable Securities, Current · Debt Securities, Available-for-sale, Current · Available-for-sale Securities, Current |
| Customer receivables | 940.96M USD | Accounts Receivable, after Allowance for Credit Loss, Current |
| Inventory · excluded from quick assets | 1.85B USD | Inventory, Net |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Cash, securities and trade receivables (USD) | Current obligations (USD) | Cash and equivalents (USD) | Short-term securities (USD) | Customer receivables (USD) | Inventory · excluded from quick assets (USD) | Quick ratio |
|---|---|---|---|---|---|---|---|
| 2026-03-28 | $3.64B | $1.38B | $2.29B | $411.03M | $940.96M | $1.85B | 2.65× |
| 2025-12-27 | $3.99B | $1.72B | $2.28B | $459.20M | $1.25B | $1.77B | 2.32× |
| 2025-09-27 | $3.50B | $1.75B | $2.07B | $466.79M | $955.61M | $1.89B | 1.99× |
| 2025-06-28 | $3.60B | $1.93B | $2.07B | $515.04M | $1.01B | $1.79B | 1.86× |
| 2025-03-29 | $3.46B | $1.33B | $2.18B | $499.00M | $787.13M | $1.58B | 2.60× |
| 2024-12-28 | $3.48B | $1.51B | $2.08B | $421.27M | $983.40M | $1.47B | 2.31× |
| 2024-09-28 | $3.35B | $1.58B | $2.01B | $414.70M | $922.03M | $1.51B | 2.12× |
| 2024-06-29 | $3.03B | $1.62B | $1.94B | $288.66M | $808.45M | $1.32B | 1.87× |
| 2024-03-30 | $2.89B | $1.12B | $1.92B | $274.58M | $694.69M | $1.30B | 2.59× |
| 2023-12-30 | $2.78B | $1.31B | $1.69B | $274.62M | $815.24M | $1.35B | 2.12× |
| 2023-09-30 | $2.42B | $1.33B | $1.42B | $273.05M | $721.14M | $1.44B | 1.82× |
| 2023-07-01 | $2.40B | $1.45B | $1.43B | $253.69M | $716.80M | $1.40B | 1.65× |
| 2023-04-01 | $2.16B | $1.01B | $1.36B | $188.88M | $610.65M | $1.48B | 2.14× |
| 2022-12-31 | $2.11B | $1.21B | $1.28B | $173.29M | $656.85M | $1.52B | 1.74× |
| 2022-09-24 | $2.10B | $1.44B | $1.08B | $378.70M | $641.07M | $1.53B | 1.46× |
| 2022-06-25 | $2.31B | $1.62B | $1.09B | $526.64M | $698.86M | $1.45B | 1.42× |
| 2022-03-26 | $2.39B | $1.15B | $1.42B | $375.24M | $599.73M | $1.34B | 2.08× |
| 2021-12-25 | $2.69B | $1.45B | $1.50B | $347.98M | $843.45M | $1.23B | 1.86× |
| 2021-09-25 | $2.62B | $1.37B | $1.64B | $345.21M | $639.35M | $1.11B | 1.91× |
| 2021-06-26 | $2.71B | $1.46B | $1.64B | $330.57M | $737.27M | $938.61M | 1.86× |
| 2021-03-27 | $2.50B | $933.13M | $1.60B | $342.66M | $558.19M | $837.93M | 2.68× |
| 2020-12-26 | $2.70B | $1.16B | $1.46B | $387.64M | $849.47M | $762.08M | 2.32× |
| 2020-09-26 | $2.31B | $1.12B | $1.22B | $430.16M | $658.00M | $821.38M | 2.06× |
| 2020-06-27 | $2.26B | $1.16B | $1.35B | $380.88M | $523.90M | $813.24M | 1.94× |
| 2020-03-28 | $1.94B | $781.87M | $1.05B | $391.65M | $500.24M | $790.18M | 2.48× |
| 2019-12-28 | $2.11B | $1.04B | $1.03B | $376.46M | $706.76M | $752.91M | 2.04× |
| 2019-09-28 | $1.84B | $1.04B | $976.40M | $300.54M | $558.30M | $749.83M | 1.76× |
| 2019-06-29 | $1.64B | $1.03B | $820.18M | $239.76M | $583.91M | $648.14M | 1.60× |
| 2019-03-30 | $1.77B | $622.53M | $1.12B | $197.38M | $453.07M | $598.39M | 2.84× |
| 2018-12-29 | $1.95B | $921.31M | $1.20B | $182.99M | $569.83M | $561.84M | 2.12× |
| 2018-09-29 | $1.70B | $854.03M | $1.06B | $173.70M | $467.78M | $556.64M | 1.99× |
| 2018-06-30 | $1.65B | $929.15M | $946.66M | $173.32M | $533.08M | $501.49M | 1.78× |
| 2018-03-31 | $1.48B | $557.84M | $898.98M | $167.75M | $409.70M | $547.41M | 2.65× |
| 2017-12-30 | $1.64B | $828.66M | $891.49M | $161.69M | $590.88M | $517.64M | 1.98× |
| 2017-09-30 | $1.60B | $846.04M | $891.28M | $253.70M | $457.39M | $575.34M | 1.89× |
| 2017-07-01 | $1.62B | $928.51M | $859.56M | $248.90M | $514.94M | $525.17M | 1.75× |
| 2017-04-01 | $1.48B | $571.46M | $833.58M | $258.40M | $391.35M | $533.15M | 2.60× |
| 2016-12-31 | $1.64B | $782.74M | $846.88M | $266.95M | $527.06M | $484.82M | 2.10× |
| 2016-09-24 | $1.58B | $920.00M | $912.56M | $201.56M | $461.36M | $534.68M | 1.71× |
| 2016-06-25 | $1.56B | $1.01B | $801.46M | $252.25M | $510.31M | $508.16M | 1.55× |
| 2016-03-26 | $1.46B | $680.72M | $857.68M | $198.15M | $408.28M | $517.77M | 2.15× |
| 2015-12-26 | $1.58B | $866.00M | $833.07M | $215.16M | $531.48M | $500.55M | 1.82× |
| 2015-09-26 | $1.56B | $894.66M | $914.91M | $211.83M | $431.94M | $503.18M | 1.74× |
| 2015-06-27 | $1.64B | $961.68M | $938.18M | $199.01M | $502.03M | $458.45M | 1.70× |
| 2015-03-28 | $1.87B | $824.26M | $1.17B | $270.21M | $425.65M | $470.44M | 2.27× |
| 2014-12-27 | $1.93B | $1.03B | $1.20B | $167.99M | $570.19M | $420.48M | 1.87× |
| 2014-09-27 | $1.78B | $1.12B | $1.15B | $151.37M | $478.72M | $466.48M | 1.59× |
| 2014-06-28 | $1.89B | $969.25M | $1.23B | $160.90M | $496.98M | $429.67M | 1.95× |
| 2014-03-29 | $1.73B | $697.11M | $1.14B | $163.66M | $427.46M | $442.02M | 2.48× |
| 2013-12-28 | $1.89B | $905.30M | $1.18B | $149.86M | $564.59M | $382.23M | 2.09× |
| 2013-09-28 | $1.68B | $974.03M | $1.07B | $134.25M | $475.71M | $416.73M | 1.72× |
| 2013-06-29 | $1.71B | $889.74M | $1.08B | $142.58M | $484.25M | $383.49M | 1.92× |
| 2013-03-30 | $1.69B | $605.10M | $1.09B | $145.48M | $450.59M | $396.01M | 2.79× |
| 2012-12-31 | (m) | (m) | $1.23B | (m) | (m) | (m) | (m) |
| 2012-12-29 | $1.99B | $909.03M | $1.23B | $153.08M | $603.67M | $389.93M | 2.19× |
| 2012-12-28 | (m) | (m) | $1.23B | (m) | (m) | (m) | (m) |
| 2012-09-29 | $1.88B | $883.55M | $1.25B | $122.45M | $508.73M | $443.42M | 2.13× |
| 2012-06-30 | $1.85B | $901.95M | $1.27B | $97.18M | $486.39M | $384.21M | 2.05× |
| 2012-03-31 | $1.81B | $594.54M | $1.29B | $89.36M | $430.14M | $407.48M | 3.04× |
| 2011-12-31 | $2.01B | $858.28M | $1.29B | $111.15M | $607.45M | $397.74M | 2.34× |
| 2011-09-24 | $1.98B | $914.07M | $1.39B | $72.78M | $519.23M | $461.30M | 2.17× |
| 2011-06-25 | $1.97B | $916.09M | $1.42B | $62.63M | $493.06M | $385.68M | 2.16× |
| 2011-03-26 | $1.69B | $469.91M | $1.21B | $41.72M | $434.94M | $411.02M | 3.59× |
| 2010-12-25 | $2.03B | $669.04M | $1.26B | $24.42M | $747.25M | $387.58M | 3.04× |
| 2010-09-25 | $1.78B | $569.53M | $1.24B | $21.92M | $524.92M | $494.35M | 3.13× |
| 2010-06-26 | $1.69B | $436.44M | $1.17B | $18.62M | $499.32M | $358.58M | 3.87× |
| 2010-03-27 | $1.73B | $679.56M | $1.29B | $19.64M | $418.52M | $356.07M | 2.55× |
| 2009-12-26 | $1.99B | $683.67M | $1.09B | $19.58M | $874.11M | $309.94M | 2.90× |
| 2009-09-26 | $1.60B | $712.04M | $1.01B | $17.64M | $573.85M | $373.29M | 2.25× |
| 2009-06-27 | $1.50B | $429.54M | $958.91M | $18.89M | $519.43M | $323.16M | 3.49× |
| 2009-03-28 | (m) | (m) | $922.33M | (m) | (m) | (m) | (m) |
| 2008-12-27 | $1.45B | $479.18M | $696.34M | $12.89M | $741.32M | $425.31M | 3.03× |
| 2008-09-27 | (m) | (m) | $521.54M | (m) | (m) | (m) | (m) |
| 2008-06-28 | (m) | (m) | $624.48M | (m) | (m) | (m) | (m) |
| 2007-12-29 | (m) | (m) | $707.69M | (m) | (m) | (m) | (m) |
| 2006-12-30 | (m) | (m) | $337.32M | (m) | (m) | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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