Garmin Ltd (GRMN) — Tangible Net Worth Ratio
Garmin Ltd (GRMN) 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. See Garmin Ltd (GRMN) shareholders funds for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Garmin Ltd Tangible Net Worth Ratio (1999–2025)
This chart shows how Garmin Ltd's Tangible Net Worth Ratio has changed across 27 annual periods from 1999 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 USD. Also explore Garmin Ltd equity growth rate to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Garmin Ltd (1999–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Garmin Ltd from 1999 to 2025, covering 27 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. For the full company profile including market capitalisation, see GRMN company net worth.
| Year | Tangible NW Ratio | Net Assets (USD) | 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 | ▲ +0.7 pp |
| 2023 | 97.3% | $7.01 Billion | $186.60 Million | $8.60 Billion | ▲ +0.2 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 | ▲ +0.9 pp |
| 2020 | 95.6% | $5.52 Billion | $244.36 Million | $7.03 Billion | ▼ -0.4 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 | ▲ +0.5 pp |
| 2012 | 98.4% | $3.53 Billion | $56.54 Million | $4.82 Billion | ▲ +6.1 pp |
| 2011 | 92.3% | $3.26 Billion | $252.16 Million | $4.47 Billion | ▼ -1.7 pp |
| 2010 | 93.9% | $3.05 Billion | $185.15 Million | $3.99 Billion | ▲ +1.7 pp |
| 2009 | 92.2% | $2.84 Billion | $221.66 Million | $3.83 Billion | ▲ +2.6 pp |
| 2008 | 89.6% | $2.23 Billion | $230.95 Million | $2.92 Billion | ▼ -2.0 pp |
| 2007 | 91.7% | $2.35 Billion | $196.03 Million | $3.29 Billion | ▼ -4.0 pp |
| 2006 | 95.7% | $1.56 Billion | $67.58 Million | $1.90 Billion | ▼ -1.2 pp |
| 2005 | 96.9% | $1.16 Billion | $35.87 Million | $1.36 Billion | ▲ +2.2 pp |
| 2004 | 94.7% | $935.86 Million | $49.48 Million | $1.12 Billion | ▲ +0.4 pp |
| 2003 | 94.4% | $749.69 Million | $42.31 Million | $856.95 Million | ▼ -1.6 pp |
| 2002 | 95.9% | $602.50 Million | $24.48 Million | $698.12 Million | ▼ -0.3 pp |
| 2001 | 96.3% | $453.97 Million | $16.98 Million | $532.15 Million | ▼ -2.4 pp |
| 2000 | 98.7% | $365.24 Million | $4.77 Million | $463.35 Million | ▼ -1.3 pp |
| 1999 | 100.0% | $194.60 Million | $0.00 | $254.65 Million | — |