Garmin Ltd (GRMN) - Total Liabilities
Based on the latest financial reports, Garmin Ltd (GRMN) has total liabilities worth $1.68 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.
Garmin Ltd - Total Liabilities Trend (1999–2025)
This chart illustrates how Garmin Ltd's total liabilities have evolved over time, based on quarterly financial data. See working capital to net assets of Garmin Ltd to evaluate short-term liquidity relative to the company's equity base.
Garmin Ltd Competitors by Total Liabilities
The table below lists competitors of Garmin Ltd ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
ArcelorMittal SA ADR
NYSE:MT
|
USA | $41.06 Billion |
|
Montage Technology Co Ltd
SHG:688008
|
China | CN¥905.06 Million |
|
Shennan Circuits Co Ltd Class A
SHE:002916
|
China | CN¥16.23 Billion |
|
Jiangsu Hengrui Medicine Co Ltd
SHG:600276
|
China | CN¥8.30 Billion |
|
Westinghouse Air Brake Technologies Corp
NYSE:WAB
|
USA | $12.04 Billion |
|
Cheniere Energy Inc
NYSE MKT:LNG
|
USA | $33.64 Billion |
|
Nebius Group N.V.
NASDAQ:NBIS
|
USA | $7.84 Billion |
|
Exelon Corporation
NASDAQ:EXC
|
USA | $88.23 Billion |
Liability Composition Analysis (1999–2025)
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 GRMN market cap overview.
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 (1999–2025)
The table below shows the annual total liabilities of Garmin Ltd from 1999 to 2025.
| Year | Total Liabilities | Change |
|---|---|---|
| 2025-12-31 | $2.02 Billion | +13.41% |
| 2024-12-31 | $1.78 Billion | +11.98% |
| 2023-12-31 | $1.59 Billion | +4.24% |
| 2022-12-31 | $1.53 Billion | -12.26% |
| 2021-12-31 | $1.74 Billion | +14.85% |
| 2020-12-31 | $1.52 Billion | +10.34% |
| 2019-12-31 | $1.37 Billion | +12.58% |
| 2018-12-31 | $1.22 Billion | +1.00% |
| 2017-12-31 | $1.21 Billion | +9.09% |
| 2016-12-31 | $1.11 Billion | -4.08% |
| 2015-12-31 | $1.15 Billion | -10.52% |
| 2014-12-31 | $1.29 Billion | +5.74% |
| 2013-12-31 | $1.22 Billion | -5.24% |
| 2012-12-31 | $1.29 Billion | +5.97% |
| 2011-12-31 | $1.21 Billion | +29.35% |
| 2010-12-31 | $939.13 Million | -5.08% |
| 2009-12-31 | $989.43 Million | +41.60% |
| 2008-12-31 | $698.73 Million | -25.73% |
| 2007-12-31 | $940.85 Million | +177.44% |
| 2006-12-31 | $339.12 Million | +65.45% |
| 2005-12-31 | $204.97 Million | +12.91% |
| 2004-12-31 | $181.53 Million | +69.25% |
| 2003-12-31 | $107.25 Million | +12.17% |
| 2002-12-31 | $95.62 Million | +22.29% |
| 2001-12-31 | $78.19 Million | -20.31% |
| 2000-12-31 | $98.11 Million | +63.39% |
| 1999-12-31 | $60.05 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