Garmin

Garmin Interest Coverage

The Interest Coverage Ratio of Garmin (GRMN) as of Oct 10, 2026 is 17.15. In the previous year, Interest Coverage Ratio was 10.53 — a change of 62.94% (higher).

Interest Coverage

17.15

YoY

62.94%

Last updated:

Interest Coverage Ratio of Garmin is 2024 17.15 . Interest Coverage Ratio of Garmin was 2023 10.53 . It decreases by 62.94% higher compared to the previous year.

The Garmin Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2017
46.77 USD
Jan 1, 2018
19.70 USD
Jan 1, 2019
26.27 USD
Jan 1, 2020
26.49 USD
Jan 1, 2021
72.97 USD
Jan 1, 2022
34.72 USD
Jan 1, 2023
10.53 USD
Jan 1, 2024
17.15 USD
The Garmin Interest Coverage history
YEARInterest CoverageYoY
17.15+62.94%
10.53-69.68%
34.72-52.41%
72.97+175.48%
26.49+0.85%
26.27+33.30%
19.70-57.87%
46.77-86.51%
346.62+291.03%
88.64+301.74%
22.06—
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Garmin Stock analysis

What does Garmin do? Garmin Ltd. is a company that specializes mainly in the production of GPS devices and other navigation solutions. The company was founded in 1989 by Gary Burrell and Min Kao in Kansas, USA and is headquartered in Schaffhausen, Switzerland. Garmin is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Garmin stock

Interest Coverage Ratio of Garmin is 17.15 in 2024.

Interest Coverage Ratio of Garmin changed from 10.53 to 17.15, representing a 62.94% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio Garmin since 2006 – with annual values, charts, and detailed analysis.

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

A 'good' varies by industry and company stage. On Eulerpool, you can compare Interest Coverage Ratio's Garmin with sector peers and the industry average to assess whether it is attractive.

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