Garmin Ltd. (GRMN)GRMNGarmin Ltd.

Balance Sheet

Assets, liabilities, and equity analysis

Quarterly Balance Sheet (USD)

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Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Total Current Assets	6.00B	6.00B	6.25B	5.81B	5.82B	5.45B	5.34B	5.21B	4.68B
Cash & Cash Equivalents	2.29B	2.29B	2.28B	2.07B	2.07B	2.18B	2.08B	2.01B	1.94B
Short-Term Investments	411.03M	411.03M	459.20M	466.79M	515.04M	499.00M	421.27M	414.70M	288.66M
Cash & Short-Term Investments	2.70B	2.70B	2.74B	2.54B	2.59B	2.67B	2.50B	2.42B	2.23B
Accounts Receivable	940.96M	940.96M	1.25B	955.61M	1.01B	787.13M	983.40M	922.03M	808.45M
Inventory	1.85B	1.85B	1.77B	1.89B	1.79B	1.58B	1.47B	1.51B	1.32B
Total Assets	10.95B	10.95B	10.99B	10.52B	10.32B	9.79B	9.63B	9.35B	8.88B
Property, Plant & Equipment	1.59B	1.59B	1.57B	1.48B	1.47B	1.40B	1.40B	1.36B	1.34B
Goodwill	750.63M	750.63M	760.24M	757.29M	640.55M	616.96M	603.95M	611.88M	599.61M
Intangible Assets	186.87M	186.87M	198.36M	205.99M	147.28M	150.03M	154.16M	168.23M	168.39M
Long-Term Investments	1.61B	1.61B	1.40B	1.38B	1.29B	1.23B	1.20B	1.11B	1.19B
Total Current Liabilities	1.38B	1.38B	1.72B	1.75B	1.93B	1.33B	1.51B	1.58B	1.62B
Accounts Payable	344.72M	344.72M	347.49M	378.02M	397.30M	344.80M	359.37M	374.02M	331.94M
Short-Term Debt	0.00	0.00	31.15M	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.68B	1.68B	2.02B	2.04B	2.20B	1.61B	1.78B	1.84B	1.88B
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt	167.62M	167.62M	195.99M	155.77M	148.61M	140.24M	134.89M	109.83M	102.17M
Net Debt (Cash)	-2.12B	-2.12B	-2.08B	-1.92B	-1.92B	-2.04B	-1.94B	-1.90B	-1.84B
Total Shareholders' Equity	9.27B	9.27B	8.97B	8.48B	8.13B	8.18B	7.85B	7.51B	7.00B
Common Stock	19.49M	19.49M	19.49M	19.49M	19.49M	19.49M	19.49M	19.49M	19.49M
Retained Earnings	7.37B	7.37B	6.97B	6.44B	6.04B	6.33B	6.00B	5.56B	5.16B
Current Ratio	4.36	4.36	3.63	3.32	3.01	4.10	3.54	3.30	2.88
Debt to Equity Ratio	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01

Annual Balance Sheet (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/27/2025	12/28/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	6.25B	5.34B	4.46B	3.96B	4.26B	3.67B	3.06B	2.67B
Cash & Cash Equivalents	2.28B	2.08B	1.69B	1.28B	1.50B	1.46B	1.03B	1.20B
Short-Term Investments	459.20M	421.27M	274.62M	173.29M	347.98M	387.64M	376.46M	182.99M
Cash & Short-Term Investments	2.74B	2.50B	1.97B	1.45B	1.85B	1.85B	1.40B	1.38B
Accounts Receivable	1.25B	983.40M	815.24M	656.85M	843.45M	849.47M	706.76M	569.83M
Inventory	1.77B	1.47B	1.35B	1.52B	1.23B	762.08M	752.91M	561.84M
Total Assets	10.99B	9.63B	8.60B	7.73B	7.85B	7.03B	6.17B	5.38B
Property, Plant & Equipment	1.57B	1.40B	1.37B	1.29B	1.16B	950.16M	792.51M	663.53M
Goodwill	760.24M	603.95M	608.47M	567.99M	575.08M	584.21M	467.11M	301.02M
Intangible Assets	198.36M	154.16M	186.60M	178.46M	215.99M	244.36M	192.52M	116.06M
Long-Term Investments	1.40B	1.20B	1.13B	1.21B	1.27B	1.13B	1.21B	1.33B
Total Current Liabilities	1.72B	1.51B	1.31B	1.21B	1.45B	1.16B	1.04B	921.31M
Accounts Payable	347.49M	359.37M	253.79M	212.42M	370.05M	258.88M	240.83M	204.99M
Short-Term Debt	31.15M	27.90M	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	2.02B	1.78B	1.59B	1.53B	1.74B	1.52B	1.37B	1.22B
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt	195.99M	162.79M	113.03M	114.54M	70.04M	75.96M	49.24M	0.00
Net Debt (Cash)	-2.08B	-1.92B	-1.58B	-1.16B	-1.43B	-1.38B	-978.33M	-1.20B
Total Shareholders' Equity	8.97B	7.85B	7.01B	6.20B	6.11B	5.52B	4.79B	4.16B
Common Stock	19.49M	19.49M	19.59M	17.98M	17.98M	17.98M	17.98M	17.98M
Retained Earnings	6.97B	6.00B	5.26B	4.73B	4.32B	3.75B	3.23B	2.71B
Current Ratio	3.63	3.54	3.41	3.26	2.94	3.15	2.95	2.89
Debt to Equity Ratio	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.00

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Garmin Ltd.

Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.

Schaffhausen, SH

23,000 employees

www.garmin.com

Technology / Hardware, Equipment & Parts

Sector: Technology
Industry: Hardware, Equipment & Parts
CEO: Clifton Albert Pemble

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