Garmin Quick Ratio 2010-2024 | GRMN

Garmin quick ratio for the quarter ending September 30, 2024 was 2.35.

  • Garmin average quick ratio for 2023 was 2.19, a 13.47% increase from 2022.
  • Garmin average quick ratio for 2022 was 1.93, a 15.72% increase from 2021.
  • Garmin average quick ratio for 2021 was 2.29, a 4.58% decline from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.

Garmin Quick Ratio 2010-2024 | GRMN

  • Garmin average quick ratio for 2023 was 2.19, a 13.47% increase from 2022.
  • Garmin average quick ratio for 2022 was 1.93, a 15.72% increase from 2021.
  • Garmin average quick ratio for 2021 was 2.29, a 4.58% decline from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.
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