GRMN Quick Ratio Analysis

A quick ratio of 1.67x means GRMN has $1.67 in liquid assets (cash, marketable securities, and receivables) for every $1 of short-term liabilities, indicating it can cover near-term obligations without selling inventory.

This sits well above the sector median of 0.72x, placing GRMN in the 87th percentile among its peers. The historical values show 2.35x in the prior quarter, so the quarter-over-quarter change is -28.9%; the year-over-year change and 8-quarter trend are not available. The combination of a high absolute level with a sharp quarterly decline suggests the company still holds a strong liquidity cushion, but the drop bears watching as a possible signal that cash conversion or working capital management is tightening. For an investor, the current ratio reduces immediate default risk, while the downward move may trim some margin of safety. This metric does not contradict the overall NEUTRAL verdict—the strong level supports stability, but the negative trend keeps the assessment balanced rather than bullish.

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