Garmin (GRMN) Interest Coverage Ratio (2009 - 2026)

Garmin (GRMN) posted Interest Coverage Ratio of 8.6 for Q2 2026, up 41.34% sequentially from 6.09 in Q1 2026, and up 29.66% YoY from 6.63 in Q2 2025.

Garmin (GRMN) Interest Coverage Ratio (2009 - 2026) Analysis & Trends

Garmin has reported Interest Coverage Ratio for 18 years, with the latest figure at 8.6 in Q2 2026.

Quarterly Interest Coverage Ratio rose 29.66% year-over-year to 8.6 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 29.6 (up 19.83% YoY) and the FY2025 annual result came in at 17.91, up 5.26% from the prior year.
Interest Coverage Ratio improved to 8.6 in Q2 2026 per GRMN's latest filing, from 6.09 in the prior quarter.
Over five years, Interest Coverage Ratio peaked at 13.34 in Q4 2024 and troughed at 1.96 in Q2 2023.
A 5-year average of 5.54 and a median of 5.58 in 2024 frame the typical range for Interest Coverage Ratio.
The sharpest annual moves came in 2022 and 2024: Interest Coverage Ratio plunged 69.1% in 2022, then soared 182.64% in 2024.
Over 5 years, Interest Coverage Ratio stood at 5.24 in 2022, then grew by 16.49% to 6.11 in 2023, then soared by 118.39% to 13.34 in 2024, then slumped by 36.86% to 8.42 in 2025, then rose by 2.13% to 8.6 in 2026.
According to Business Quant data, Interest Coverage Ratio over the past three periods registered 8.6, 6.09, and 8.42 for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Interest Cover (Qtr)
1	Garmin	56.50 Bn	53.83 Bn	1.26 Bn	-
2	Keysight Technologies	54.05 Bn	51.64 Bn	1.18 Bn	16.28
3	Coherent	51.08 Bn	49.09 Bn	787.08 Mn	-23.87
4	Teledyne Technologies	29.39 Bn	29.05 Bn	738.10 Mn	24.50
5	Mks	19.03 Bn	18.41 Bn	595.00 Mn	6.61
6	Fortive	18.08 Bn	17.71 Bn	695.30 Mn	-5.93
7	Trimble	13.91 Bn	13.70 Bn	674.90 Mn	6.32
8	Cognex	9.98 Bn	9.58 Bn	205.77 Mn	-
9	Esco Technologies	7.37 Bn	7.30 Bn	141.52 Mn	-
10	Sensata Technologies Holding	6.09 Bn	5.68 Bn	301.80 Mn	5.04

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