Garmin Balance Sheet
NYSE: GRMNIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:01 PM ET · Delayed 15 min
Garmin financial position
At the end of fiscal 2025, Garmin reported total assets of $10.99 billion, up 14.2% from a year earlier against total liabilities of $2.02 billion. Shareholders' equity stood at $8.97 billion, or 81.6% of assets. The company held $2.28 billion in cash and equivalents.
The current ratio (current assets divided by current liabilities) was 3.63, meaning short-term assets cover obligations due within a year.
Summary generated from market data by MetaCap's automated system. Methodology
Garmin balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-27 | FY 20242024-12-28 | FY 20232023-12-30 | FY 20222022-12-31 | FY 20212021-12-25 | FY 20202020-12-26 | FY 20192019-12-28 | FY 20182018-12-29 | FY 20172017-12-30 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.28B | 2.08B | 1.69B | 1.28B | 1.50B | 1.46B | 1.03B | 1.20B | 891.49M | 846.88M |
| Short-Term Investments | 459.20M | 421.27M | 274.62M | 173.29M | 347.98M | 387.64M | 376.46M | 182.99M | 161.69M | 266.95M |
| Receivables | 1.25B | 983.40M | 815.24M | 656.85M | 843.45M | 849.47M | 706.76M | 569.83M | 590.88M | 527.06M |
| Inventory | 1.77B | 1.47B | 1.35B | 1.52B | 1.23B | 762.08M | 752.91M | 561.84M | 517.64M | 484.82M |
| Total Current Assets | 6.25B | 5.34B | 4.46B | 3.96B | 4.26B | 3.67B | 3.06B | 2.67B | 2.35B | 2.26B |
| Property, Plant & Equipment | 1.38B | 1.24B | 1.22B | 1.15B | 1.07B | 855.54M | 728.92M | 663.53M | 595.68M | 482.88M |
| Goodwill | 760.24M | 603.95M | 608.47M | 567.99M | 575.08M | 584.21M | 467.11M | 301.02M | 286.98M | 224.55M |
| Long-Term Investments | 1.40B | 1.20B | 1.13B | 1.21B | 1.27B | 1.13B | 1.21B | 1.33B | — | — |
| Total Assets | 10.99B | 9.63B | 8.60B | 7.73B | 7.85B | 7.03B | 6.17B | 5.38B | 4.95B | 4.53B |
| Accounts Payable | 347.49M | 359.37M | 253.79M | 212.42M | 370.05M | 258.88M | 240.83M | 204.99M | 169.64M | 172.40M |
| Total Current Liabilities | 1.72B | 1.51B | 1.31B | 1.21B | 1.45B | 1.16B | 1.04B | 921.31M | 792.12M | 782.74M |
| Total Liabilities | 2.02B | 1.78B | 1.59B | 1.53B | 1.74B | 1.52B | 1.37B | 1.22B | 1.10B | 1.07B |
| Shareholders' Equity | 8.97B | 7.85B | 7.01B | 6.20B | 6.11B | 5.52B | 4.79B | 4.16B | 3.85B | 3.45B |
| Retained Earnings | 6.97B | 6.00B | 5.26B | 4.73B | 4.32B | 3.75B | 3.23B | 2.71B | 2.42B | 2.06B |
| Net Cash (Debt) | 2.74B | 2.50B | 1.97B | 1.45B | 1.85B | 1.85B | 1.40B | 1.38B | 1.05B | 1.11B |
| Shares Outstanding | 192.62M | 192.47M | 191.78M | 191.62M | 192.61M | 191.57M | 190.69M | 189.46M | 188.19K | 188.56K |
This table shows 10 annual periods of Garmin's balance sheet, from FY 2025 back to FY 2016, across 16 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow GRMN's reporting calendar. What is a balance sheet?