GARMIN LTD

GRMN

Quality scores

Data as of Sep 5, 2026

6 / 9

Neutral

6/9 — middling fundamentals (neutral zone).

PassROA > 0 — ROA last year = 15.13 %
PassFCF > 0 — FCF last year = 1,362.91 mill.
FailFCF > net income (accrual quality) — FCF 1,362.91 vs. net income 1,663.89 (mill.)
PassRising ROA — ROA 15.13 % vs. prior year 14.66 %

FailLower long-term leverage — total debt (approx.)/assets 0.01 vs. prior 0.01
PassRising current ratio (more liquidity) — Current ratio 3.63 vs. prior 3.54
FailNo dilution (shares do not grow) — Shares 192.62 mill. vs. prior 192.47 mill.

Test 5: no long-term debt breakdown; approximated with total debt / assets.

Z-Score (original)

18.36

Safe zone

Z''-Score (non-manufacturing)

13.83

Safe zone

Ratio	Value
X1 — Working capital / Total assets	0.41
X2 — Retained earnings / Total assets	0.63
X3 — EBIT / Total assets	0.17
X4 — Market cap / Total liabilities	26.26
X4 — Book equity / Total liabilities	4.44
X5 — Sales / Total assets	0.66