Garmin Ltd (GRMN) — Net Asset Quality Index
Garmin Ltd (GRMN) has a Net Asset Quality Index of 79.0% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $11.42 Billion minus total liabilities of $2.39 Billion yields net assets of $9.03 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read how much debt does Garmin Ltd carry for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Garmin Ltd Net Asset Quality Index Over Time (1999–2025)
This chart shows how Garmin Ltd's Net Asset Quality Index has evolved across 27 annual periods from 1999 to 2025. As of June 2026, the index stands at 79.0%, representing net assets of $9.03 Billion against total assets of $11.42 Billion USD. For live market cap and overall valuation, see Garmin Ltd market capitalisation.
Annual Net Asset Quality Index for Garmin Ltd (1999–2025)
The table below presents the year-by-year Net Asset Quality Index for Garmin Ltd from 1999 to 2025, covering 27 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check GRMN PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 81.6% | $8.97 Billion | $10.99 Billion | $2.02 Billion | ▲ +0.1 pp |
| 2024 | 81.5% | $7.85 Billion | $9.63 Billion | $1.78 Billion | ▼ 0.0 pp |
| 2023 | 81.5% | $7.01 Billion | $8.60 Billion | $1.59 Billion | ▲ +1.3 pp |
| 2022 | 80.3% | $6.20 Billion | $7.73 Billion | $1.53 Billion | ▲ +2.4 pp |
| 2021 | 77.8% | $6.11 Billion | $7.85 Billion | $1.74 Billion | ▼ -0.6 pp |
| 2020 | 78.5% | $5.52 Billion | $7.03 Billion | $1.52 Billion | ▲ +0.7 pp |
| 2019 | 77.7% | $4.79 Billion | $6.17 Billion | $1.37 Billion | ▲ +0.4 pp |
| 2018 | 77.3% | $4.16 Billion | $5.38 Billion | $1.22 Billion | ▲ +1.4 pp |
| 2017 | 75.9% | $3.80 Billion | $5.01 Billion | $1.21 Billion | ▲ +0.4 pp |
| 2016 | 75.5% | $3.42 Billion | $4.53 Billion | $1.11 Billion | ▲ +1.2 pp |
| 2015 | 74.3% | $3.35 Billion | $4.50 Billion | $1.15 Billion | ▲ +1.8 pp |
| 2014 | 72.5% | $3.40 Billion | $4.69 Billion | $1.29 Billion | ▼ -2.5 pp |
| 2013 | 75.0% | $3.66 Billion | $4.88 Billion | $1.22 Billion | ▲ +1.7 pp |
| 2012 | 73.3% | $3.53 Billion | $4.82 Billion | $1.29 Billion | ▲ +0.5 pp |
| 2011 | 72.8% | $3.26 Billion | $4.47 Billion | $1.21 Billion | ▼ -3.6 pp |
| 2010 | 76.5% | $3.05 Billion | $3.99 Billion | $939.13 Million | ▲ +2.3 pp |
| 2009 | 74.1% | $2.84 Billion | $3.83 Billion | $989.43 Million | ▼ -2.0 pp |
| 2008 | 76.1% | $2.23 Billion | $2.92 Billion | $698.73 Million | ▲ +4.7 pp |
| 2007 | 71.4% | $2.35 Billion | $3.29 Billion | $940.85 Million | ▼ -10.7 pp |
| 2006 | 82.1% | $1.56 Billion | $1.90 Billion | $339.12 Million | ▼ -2.8 pp |
| 2005 | 85.0% | $1.16 Billion | $1.36 Billion | $204.97 Million | ▲ +1.2 pp |
| 2004 | 83.8% | $935.86 Million | $1.12 Billion | $181.53 Million | ▼ -3.7 pp |
| 2003 | 87.5% | $749.69 Million | $856.95 Million | $107.25 Million | ▲ +1.2 pp |
| 2002 | 86.3% | $602.50 Million | $698.12 Million | $95.62 Million | ▲ +1.0 pp |
| 2001 | 85.3% | $453.97 Million | $532.15 Million | $78.19 Million | ▲ +6.5 pp |
| 2000 | 78.8% | $365.24 Million | $463.35 Million | $98.11 Million | ▲ +2.4 pp |
| 1999 | 76.4% | $194.60 Million | $254.65 Million | $60.05 Million | — |