Garmin Quarterly Balance Sheet
NYSE: GRMNIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:01 PM ET · Delayed 15 min
Garmin financial position
As of Mar 28, 2026, Garmin reported total assets of $10.95 billion, up 11.9% from a year earlier against total liabilities of $1.68 billion. Shareholders' equity stood at $9.27 billion, or 84.6% of assets. The company held $2.29 billion in cash and equivalents.
The current ratio (current assets divided by current liabilities) was 4.36, meaning short-term assets cover obligations due within a year.
Summary generated from market data by MetaCap's automated system. Methodology
Garmin balance sheet (quarterly)
| Quarter (USD) | Q1 20262026-03-28 | Q4 20252025-12-27 | Q3 20252025-09-27 | Q2 20252025-06-28 | Q1 20252025-03-29 | Q4 20242024-12-28 | Q3 20242024-09-28 | Q2 20242024-06-29 | Q1 20242024-03-30 | Q4 20232023-12-30 | Q3 20232023-09-30 | Q2 20232023-07-01 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.29B | 2.28B | 2.07B | 2.07B | 2.18B | 2.08B | 2.01B | 1.94B | 1.92B | 1.69B | 1.42B | 1.43B |
| Short-Term Investments | 411.03M | 459.20M | 466.79M | 515.04M | 499.00M | 421.27M | 414.70M | 288.66M | 274.58M | 274.62M | 273.05M | 253.69M |
| Receivables | 940.96M | 1.25B | 955.61M | 1.01B | 787.13M | 983.40M | 922.03M | 808.45M | 694.69M | 815.24M | 721.14M | 716.80M |
| Inventory | 1.85B | 1.77B | 1.89B | 1.79B | 1.58B | 1.47B | 1.51B | 1.32B | 1.30B | 1.35B | 1.44B | 1.40B |
| Total Current Assets | 6.00B | 6.25B | 5.81B | 5.82B | 5.45B | 5.34B | 5.21B | 4.70B | 4.52B | 4.46B | 4.16B | 4.11B |
| Property, Plant & Equipment | 1.38B | 1.38B | 1.30B | 1.29B | 1.23B | 1.24B | 1.22B | 1.21B | 1.21B | 1.22B | 1.19B | 1.18B |
| Goodwill | 750.63M | 760.24M | 757.29M | 640.55M | 616.96M | 603.95M | 611.88M | 599.61M | 601.62M | 608.47M | 594.45M | 572.99M |
| Long-Term Investments | 1.61B | 1.40B | 1.38B | 1.29B | 1.23B | 1.20B | 1.11B | 1.19B | 1.13B | 1.13B | 1.08B | 1.10B |
| Total Assets | 10.95B | 10.99B | 10.52B | 10.32B | 9.79B | 9.63B | 9.35B | 8.88B | 8.63B | 8.60B | 7.97B | 7.87B |
| Accounts Payable | 344.72M | 347.49M | 378.02M | 397.30M | 344.80M | 359.37M | 374.02M | 331.94M | 243.09M | 253.79M | 268.03M | 253.80M |
| Total Current Liabilities | 1.38B | 1.72B | 1.75B | 1.93B | 1.33B | 1.51B | 1.58B | 1.62B | 1.12B | 1.31B | 1.33B | 1.45B |
| Total Liabilities | 1.68B | 2.02B | 2.04B | 2.20B | 1.61B | 1.78B | 1.84B | 1.88B | 1.39B | 1.59B | 1.62B | 1.75B |
| Shareholders' Equity | 9.27B | 8.97B | 8.48B | 8.13B | 8.18B | 7.85B | 7.51B | 7.00B | 7.25B | 7.01B | 6.35B | 6.12B |
| Retained Earnings | 7.37B | 6.97B | 6.44B | 6.04B | 6.33B | 6.00B | 5.56B | 5.16B | 5.44B | 5.26B | 4.72B | 4.46B |
| Net Cash (Debt) | 2.70B | 2.74B | 2.54B | 2.59B | 2.67B | 2.50B | 2.42B | 2.23B | 2.20B | 1.97B | 1.70B | 1.68B |
| Shares Outstanding | 192.90M | 192.62M | 192.38M | 192.54M | 192.71M | 192.47M | 192.14M | 192.25M | 192.08M | 191.78M | 191.39M | 191.47M |
This table shows 12 quarterly periods of Garmin's balance sheet, from Q1 2026 back to Q2 2023, 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?