Garmin Ltd (GEY) - Total Assets
Based on the latest financial reports, Garmin Ltd (GEY) holds total assets worth €10.52 Billion EUR (≈ $12.30 Billion USD) as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See Garmin Ltd shareholders equity for net asset value and shareholders' equity analysis.
Garmin Ltd - Total Assets Trend (2013–2024)
This chart illustrates how Garmin Ltd's total assets have evolved over time, based on quarterly financial data.
Garmin Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Garmin Ltd's total assets of €10.52 Billion consist of 55.4% current assets and 44.6% non-current assets.
| Asset Category | Amount (EUR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | €0.00 | 21.6% |
| Accounts Receivable | €983.40 Million | 10.2% |
| Inventory | €1.47 Billion | 15.3% |
| Property, Plant & Equipment | €0.00 | 0.0% |
| Intangible Assets | €154.16 Million | 1.6% |
| Goodwill | €603.95 Million | 6.3% |
Asset Composition Trend (2013–2024)
This chart illustrates how Garmin Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see GEY market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Garmin Ltd's current assets represent 55.4% of total assets in 2024, an increase from 53.2% in 2013.
- Cash Position: Cash and equivalents constituted 21.6% of total assets in 2024, down from 24.2% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 7.0% of total assets, an increase from 3.0% in 2013.
- Asset Diversification: The largest asset category is inventory at 15.3% of total assets.
Garmin Ltd Competitors by Total Assets
Key competitors of Garmin Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Beijing BDStar Navigation Co Ltd
SHE:002151
|
China | CN¥6.56 Billion |
|
SMS Electric Co Ltd Zhengzhou
SHE:002857
|
China | CN¥1.03 Billion |
|
NSE SA
PA:ALNSE
|
France | €99.11 Million |
|
Codan Ltd
AU:CDA
|
Australia | AU$904.80 Million |
|
Catapult Group International Ltd
AU:CAT
|
Australia | AU$218.31 Million |
|
Ikegps Group Ltd
AU:IKE
|
Australia | AU$51.01 Million |
|
Optiscan Imaging Ltd
AU:OIL
|
Australia | AU$10.56 Million |
|
Structural Monitoring Systems Plc
AU:SMN
|
Australia | AU$34.67 Million |
Garmin Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 3.32 | 3.30 | 2.98 |
| Quick Ratio | 2.24 | 2.35 | 2.24 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | €4.06 Billion | €3.63 Billion | €2.22 Billion |
Garmin Ltd - Advanced Valuation Insights
This section examines the relationship between Garmin Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 4.87 |
| Latest Market Cap to Assets Ratio | 4.19 |
| Asset Growth Rate (YoY) | 11.9% |
| Total Assets | €9.63 Billion |
| Market Capitalization | $40.34 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values Garmin Ltd's assets at a significant premium (4.19x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Garmin Ltd's assets grew by 11.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Garmin Ltd (2013–2024)
The table below shows the annual total assets of Garmin Ltd from 2013 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | €9.63 Billion ≈ $11.26 Billion |
+11.94% |
| 2023-12-31 | €8.60 Billion ≈ $10.06 Billion |
+11.28% |
| 2022-12-31 | €7.73 Billion ≈ $9.04 Billion |
-1.57% |
| 2021-12-31 | €7.85 Billion ≈ $9.18 Billion |
+27.37% |
| 2019-12-31 | €6.17 Billion ≈ $7.21 Billion |
+14.56% |
| 2018-12-31 | €5.38 Billion ≈ $6.29 Billion |
+7.44% |
| 2017-12-31 | €5.01 Billion ≈ $5.86 Billion |
+10.72% |
| 2016-12-31 | €4.53 Billion ≈ $5.29 Billion |
+0.57% |
| 2015-12-31 | €4.50 Billion ≈ $5.26 Billion |
-4.13% |
| 2014-12-31 | €4.69 Billion ≈ $5.49 Billion |
-3.82% |
| 2013-12-31 | €4.88 Billion ≈ $5.70 Billion |
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About Garmin Ltd
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. The company offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Conne… Read more