Garmin Ltd (GEY) — Tangible Net Worth Ratio
Garmin Ltd (GEY) has a Tangible Net Worth Ratio of 98.0% as of March 2026. This metric is calculated by deducting intangible assets (€186.87 Million) from net assets (€9.27 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore how fast is Garmin Ltd growing its equity to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Garmin Ltd Tangible Net Worth Ratio (2013–2025)
This chart shows how Garmin Ltd's Tangible Net Worth Ratio has changed across 12 annual periods from 2013 to 2025. As of March 2026, the ratio stands at 98.0%, reflecting net assets of €9.27 Billion with intangible assets of €186.87 Million EUR. For live market cap and overall valuation, see GEY market cap.
Annual Tangible Net Worth Ratio for Garmin Ltd (2013–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Garmin Ltd from 2013 to 2025, covering 12 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore Garmin Ltd (GEY) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.8% | €8.97 Billion | €198.36 Million | €10.99 Billion | ▼ -0.2 pp |
| 2024 | 98.0% | €7.85 Billion | €154.16 Million | €9.63 Billion | ▲ +0.6 pp |
| 2023 | 97.4% | €7.01 Billion | €181.15 Million | €8.60 Billion | ▲ +0.3 pp |
| 2022 | 97.1% | €6.20 Billion | €178.46 Million | €7.73 Billion | ▲ +0.7 pp |
| 2021 | 96.5% | €6.11 Billion | €215.99 Million | €7.85 Billion | ▲ +0.5 pp |
| 2019 | 96.0% | €4.79 Billion | €192.52 Million | €6.17 Billion | ▼ -1.2 pp |
| 2018 | 97.2% | €4.16 Billion | €116.06 Million | €5.38 Billion | ▲ +0.4 pp |
| 2017 | 96.8% | €3.80 Billion | €122.82 Million | €5.01 Billion | ▼ -0.9 pp |
| 2016 | 97.6% | €3.42 Billion | €80.45 Million | €4.53 Billion | ▼ -0.6 pp |
| 2015 | 98.3% | €3.35 Billion | €57.76 Million | €4.50 Billion | ▼ -0.6 pp |
| 2014 | 98.8% | €3.40 Billion | €39.45 Million | €4.69 Billion | ▼ -0.1 pp |
| 2013 | 98.9% | €3.66 Billion | €40.20 Million | €4.88 Billion | — |