Garmin Ltd (GRMN) — Net Asset Quality Index
Garmin Ltd (GRMN) has a Net Asset Quality Index of 84.7% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $10.95 Billion minus total liabilities of $1.68 Billion yields net assets of $9.27 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See GRMN days of operational coverage to measure how many days the company can operate on defensive assets alone.
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 March 2026, the index stands at 84.7%, representing net assets of $9.27 Billion against total assets of $10.95 Billion USD. Explore Garmin Ltd (GRMN) cash conversion ratio to assess how effectively this company generates cash.
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. For market capitalisation and the full company profile, see GRMN market cap overview.
| 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 | — |