GRMN · CIK 0001121788 · FY2025 live · 2025-12-31

GARMIN LTD

SafeSEC 10-KClassic ZIndustrials96th percentile in Industrials · 430 names

View as

Model

Classic Z

FY2025

5.27

Zone

Safe

Prior

—

Market DD

—

1y PD

—

5.27

Z″ 10.58

−21.83.08+

Score 5.27 · distress below 1.80, grey to 2.99, safe at 3.00 and above.

Classic Z factor contributions

X1 Working capital / assets
Short-term liquidity versus the size of the balance sheet.
0.41
1.2 × = 0.49
X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.63
1.4 × = 0.89
X3 EBIT / assets
Operating return on assets. Highest weight in the original model.
0.17
3.3 × = 0.56
X4 Book equity / liabilities
Book equity versus the liability stack. Mega-caps often look greyer here than they would if X4 used market cap.
4.44
0.6 × = 2.66
X5 Sales / assets
Asset turnover — how much revenue the asset base supports.
0.66
1 × = 0.66

Five-year path

Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.

Overview

rule-v1

GARMIN LTD is on classic Z at 5.27 (safe) for FY2025, from an SEC 10-K. Book equity / liabilities is the line that sets the print. This is the first live year on the desk. No market tape loaded. Classic Z was fit on manufacturers; buybacks can send retained earnings negative at otherwise healthy issuers, and X4 is book equity, not market cap.

Book screen Safe; market PD —. Tape not priced — not a single default call.

Market DD · naive Merton

No market tape yet.

Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.

Sector peers

Closest Classic Z scores · 96th percentile in Industrials.

KPI widgets

Current assets

$6.2B

Total assets

$11.0B

Current liabilities

$1.7B

Total liabilities

$2.0B

Working capital

$4.5B

Retained earnings

$7.0B

EBIT

$1.9B

Total sales

$7.2B

Book equity

$9.0B

Accession 0001193125-26-056028. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Classic Z is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.