Garmin Ltd (GRMN) - Total Assets
Based on the latest financial reports, Garmin Ltd (GRMN) holds total assets worth $11.42 Billion USD as of June 2026. 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.
Garmin Ltd - Total Assets Trend (1999–2025)
This chart illustrates how Garmin Ltd's total assets have evolved over time, based on quarterly financial data. Also see GRMN company net worth for the company's overall valuation and market capitalisation.
Garmin Ltd - Asset Composition Analysis
Current Asset Composition (December 2025)
Garmin Ltd's total assets of $11.42 Billion consist of 56.8% current assets and 43.2% non-current assets. Review GRMN total liabilities to assess the company's total debt and financial obligations.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 20.7% |
| Accounts Receivable | $1.25 Billion | 11.4% |
| Inventory | $1.77 Billion | 16.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $198.36 Million | 1.8% |
| Goodwill | $760.24 Million | 6.9% |
Asset Composition Trend (1999–2025)
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. See Garmin Ltd stock price for real-time trading data and today's change.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Garmin Ltd's current assets represent 56.8% of total assets in 2025, a decrease from 77.8% in 1999.
- Cash Position: Cash and equivalents constituted 20.7% of total assets in 2025, down from 40.9% in 1999.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 7.0% of total assets, an increase from 0.0% in 1999.
- Asset Diversification: The largest asset category is inventory at 16.1% 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 |
|
Test Research Inc
TW:3030
|
Taiwan | NT$13.41 Billion |
|
Chengdu RML Technology Co. Ltd.
SHE:301050
|
China | CN¥4.00 Billion |
|
Qingdao Topscomm Commun Inc
SHG:603421
|
China | CN¥3.51 Billion |
|
Beijing UniStrong Science & Technology Co Ltd
SHE:002383
|
China | CN¥2.97 Billion |
|
Fingerprint Cards AB (publ)
ST:FING-B
|
Sweden | Skr319.00 Million |
|
Orexplore Technologies Ltd
AU:OXT
|
Australia | AU$10.11 Million |
|
Satis Group S.A.
WAR:STS
|
Poland | zł2.37 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 | 3.03 | 3.01 | 2.92 |
| Quick Ratio | 2.08 | 2.09 | 2.11 |
| Cash Ratio | 0.00 | 0.00 | 1.19 |
| Working Capital | $4.23 Billion | $3.89 Billion | $2.64 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 | 6.64 |
| Latest Market Cap to Assets Ratio | 4.81 |
| Asset Growth Rate (YoY) | 14.2% |
| Total Assets | $10.99 Billion |
| Market Capitalization | $52.85 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values Garmin Ltd's assets at a significant premium (4.81x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Garmin Ltd's assets grew by 14.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Garmin Ltd (1999–2025)
The table below shows the annual total assets of Garmin Ltd from 1999 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $10.99 Billion | +14.15% |
| 2024-12-31 | $9.63 Billion | +11.94% |
| 2023-12-31 | $8.60 Billion | +11.28% |
| 2022-12-31 | $7.73 Billion | -1.57% |
| 2021-12-31 | $7.85 Billion | +11.71% |
| 2020-12-31 | $7.03 Billion | +14.02% |
| 2019-12-31 | $6.17 Billion | +14.56% |
| 2018-12-31 | $5.38 Billion | +7.44% |
| 2017-12-31 | $5.01 Billion | +10.72% |
| 2016-12-31 | $4.53 Billion | +0.57% |
| 2015-12-31 | $4.50 Billion | -4.13% |
| 2014-12-31 | $4.69 Billion | -3.82% |
| 2013-12-31 | $4.88 Billion | +1.25% |
| 2012-12-31 | $4.82 Billion | +7.78% |
| 2011-12-31 | $4.47 Billion | +12.10% |
| 2010-12-31 | $3.99 Billion | +4.26% |
| 2009-12-31 | $3.83 Billion | +30.82% |
| 2008-12-31 | $2.92 Billion | -11.15% |
| 2007-12-31 | $3.29 Billion | +73.51% |
| 2006-12-31 | $1.90 Billion | +39.26% |
| 2005-12-31 | $1.36 Billion | +21.91% |
| 2004-12-31 | $1.12 Billion | +30.39% |
| 2003-12-31 | $856.95 Million | +22.75% |
| 2002-12-31 | $698.12 Million | +31.19% |
| 2001-12-31 | $532.15 Million | +14.85% |
| 2000-12-31 | $463.35 Million | +81.96% |
| 1999-12-31 | $254.65 Million | -- |
About Garmin Ltd
Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platf… Read more