Garmin Ltd (GRMN)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 7,848,400 | 7,506,550 | 7,004,980 | 7,246,100 | 7,012,060 | 6,349,280 | 6,123,820 | 6,405,000 | 6,204,340 | 5,878,190 | 5,865,930 | 6,248,840 | 6,114,160 | 5,854,740 | 5,584,250 | 5,715,830 | 5,516,120 | 5,104,340 | 4,740,860 | 4,934,400 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $7,848,400K)
= 0.00
The debt-to-capital ratio for Garmin Ltd has remained consistently at 0.00% from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its operations significantly as a proportion of its total capital structure during this period. A debt-to-capital ratio of 0.00% suggests that the company's capital structure is primarily financed by equity rather than debt, which may be perceived positively by investors and creditors due to lower financial risk. However, it is important to consider the industry norms and specific business circumstances when evaluating the implications of a low debt-to-capital ratio for Garmin Ltd.
Peer comparison
Dec 31, 2024