Garmin Ltd (GEY) - Total Liabilities

Latest as of March 2026: €1.68 Billion EUR ≈ $1.97 Billion USD

Based on the latest financial reports, Garmin Ltd (GEY) has total liabilities worth €1.68 Billion EUR (≈ $1.97 Billion USD) as of March 2026. 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. Also explore Garmin Ltd equity growth rate to track the company's year-over-year net asset growth rate.

Garmin Ltd - Total Liabilities Trend (2013–2025)

This chart illustrates how Garmin Ltd's total liabilities have evolved over time, based on quarterly financial data. See cash generation quality of Garmin Ltd to measure how efficiently the company converts operating cash flow to free cash.

Garmin Ltd Competitors by Total Liabilities

The table below lists competitors of Garmin Ltd ranked by their total liabilities.

Company	Country	Total Liabilities
CITIC LTD. ADR/5 HD-40 F:CPF0	Germany	€11.03 Trillion
Commerzbank AG XETRA:CBK	Germany	€571.14 Billion
LEGRAND UNSP.ARD 1/5 EO 4 F:LRC0	Germany	€10.42 Billion
HCL Technologies Limited NSE:HCLTECH	India	Rs410.61 Billion
Prudential plc MX:PUKN	Mexico	MX$190.84 Billion
Nokia Corp ADR NYSE:NOK	USA	$16.53 Billion
Interactive Brokers Group Inc NASDAQ:IBKR	USA	$197.49 Billion
American International Group Inc NYSE:AIG	USA	$121.11 Billion

Liability Composition Analysis (2013–2025)

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 stock market capitalisation.

Liquidity & Leverage Metrics

Key Metrics Explained

Metric	Value	Description
Current Ratio	4.36	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	0.18	Measures financial leverage (Total Liabilities ÷ Shareholder Equity)
Debt to Assets	0.15	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 (2013–2025)

The table below shows the annual total liabilities of Garmin Ltd from 2013 to 2025.

Year	Total Liabilities	Change
2025-12-31	€2.02 Billion ≈ $2.36 Billion	+13.41%
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	--

About Garmin Ltd

F:GEY Germany Scientific & Technical Instruments

Market Cap

$57.38 Billion

€49.08 Billion EUR

Market Cap Rank

#683 Global

#146 in Germany

Share Price

€254.50

Change (1 day)

-0.04%

52-Week Range

€168.00 - €254.60

All Time High

€254.60