Garmin Ltd (GEY) - Total Liabilities
Based on the latest financial reports, Garmin Ltd (GEY) has total liabilities worth €2.04 Billion EUR (≈ $2.39 Billion USD) as of September 2025. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Explore Garmin Ltd cash flow conversion to assess how effectively this company generates cash.
Garmin Ltd - Total Liabilities Trend (2013–2024)
This chart illustrates how Garmin Ltd's total liabilities have evolved over time, based on quarterly financial data. Check Garmin Ltd (GEY) asset resilience to evaluate the company's liquid asset resilience ratio.
Garmin Ltd Competitors by Total Liabilities
The table below lists competitors of Garmin Ltd ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Ventas Inc
NYSE:VTR
|
USA | $15.01 Billion |
|
Rocket Lab USA Inc.
NASDAQ:RKLB
|
USA | $602.62 Million |
|
China Hongqiao Group Ltd
F:H0Q
|
Germany | €112.14 Billion |
|
Waste Connections Inc
TO:WCN
|
Canada | CA$12.88 Billion |
|
MSCI Inc
NYSE:MSCI
|
USA | $8.36 Billion |
|
Legrand SA
PA:LR
|
France | €9.69 Billion |
|
Mahindra & Mahindra Limited
NSE:M&M
|
India | Rs1.95 Trillion |
|
Lumentum Holdings Inc
NASDAQ:LITE
|
USA | $3.96 Billion |
Liability Composition Analysis (2013–2024)
This chart breaks down Garmin Ltd's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see GEY market cap.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 3.32 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 0.24 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.19 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Garmin Ltd's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Garmin Ltd (2013–2024)
The table below shows the annual total liabilities of Garmin Ltd from 2013 to 2024.
| Year | Total Liabilities | Change |
|---|---|---|
| 2024-12-31 | €1.78 Billion ≈ $2.08 Billion |
+11.98% |
| 2023-12-31 | €1.59 Billion ≈ $1.86 Billion |
+4.24% |
| 2022-12-31 | €1.53 Billion ≈ $1.79 Billion |
-12.26% |
| 2021-12-31 | €1.74 Billion ≈ $2.03 Billion |
+26.72% |
| 2019-12-31 | €1.37 Billion ≈ $1.61 Billion |
+12.58% |
| 2018-12-31 | €1.22 Billion ≈ $1.43 Billion |
+1.00% |
| 2017-12-31 | €1.21 Billion ≈ $1.41 Billion |
+9.09% |
| 2016-12-31 | €1.11 Billion ≈ $1.29 Billion |
-4.08% |
| 2015-12-31 | €1.15 Billion ≈ $1.35 Billion |
-10.52% |
| 2014-12-31 | €1.29 Billion ≈ $1.51 Billion |
+5.74% |
| 2013-12-31 | €1.22 Billion ≈ $1.43 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