Garmin Ltd. (GRMN) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 6B | 6.25B | 5.81B | 5.82B | 5.45B | 5.34B | 5.21B | 4.68B | 4.5B | 4.46B | 4.16B | 4.11B | 3.96B | 3.96B | 3.95B | 4.12B | 4.08B | 4.26B | 4.01B | 3.88B |
| Cash & Short-Term Investments | 2.7B | 2.74B | 2.54B | 2.59B | 2.67B | 2.5B | 2.42B | 2.23B | 2.2B | 1.97B | 1.7B | 1.68B | 1.55B | 1.45B | 1.46B | 1.61B | 1.79B | 1.85B | 1.98B | 1.97B |
| Cash Only | 2.29B | 2.28B | 2.07B | 2.07B | 2.18B | 2.08B | 2.01B | 1.94B | 1.92B | 1.69B | 1.42B | 1.43B | 1.36B | 1.28B | 1.08B | 1.09B | 1.42B | 1.5B | 1.64B | 1.64B |
| Short-Term Investments | 411.03M | 459.2M | 466.79M | 515.04M | 499M | 421.27M | 414.7M | 288.66M | 274.58M | 274.62M | 273.05M | 253.69M | 188.88M | 173.29M | 378.7M | 526.64M | 375.24M | 347.98M | 345.21M | 330.57M |
| Accounts Receivable | 940.96M | 1.25B | 955.61M | 1.01B | 787.13M | 983.4M | 922.03M | 808.45M | 694.69M | 815.24M | 721.14M | 716.8M | 610.65M | 656.85M | 641.07M | 698.86M | 599.73M | 843.45M | 639.35M | 737.27M |
| Days Sales Outstanding | 56.93 | 47.29 | 50.52 | 45.08 | 50.75 | 49.14 | 49.64 | 45.39 | 49.18 | 47.67 | 51.21 | 45.73 | 50.26 | 48.68 | 53.46 | 47.62 | 52.3 | 51.68 | 52.55 | 44.42 |
| Inventory | 1.85B | 1.77B | 1.89B | 1.79B | 1.58B | 1.47B | 1.51B | 1.32B | 1.3B | 1.35B | 1.44B | 1.4B | 1.48B | 1.52B | 1.53B | 1.45B | 1.34B | 1.23B | 1.11B | 938.61M |
| Days Inventory Outstanding | 231.76 | 192.15 | 230.88 | 205.11 | 206.69 | 188.57 | 202.62 | 185.3 | 205.64 | 207.24 | 235.57 | 233.54 | 275.42 | 266.07 | 289.32 | 248.33 | 213.85 | 183.29 | 188.24 | 148.03 |
| Other Current Assets | 15.32M | 485.1M | 427.77M | 433.59M | 401.59M | 378.03M | 357.87M | 342.99M | 305.67M | 334.87M | 284.68M | 312.76M | 323.88M | 330.78M | 24.9M | 25.7M | 25.51M | 15.96M | 25.72M | 27.13M |
| Total Non-Current Assets | 4.96B | 4.75B | 4.71B | 4.5B | 4.34B | 4.29B | 4.14B | 4.21B | 4.13B | 4.14B | 3.81B | 3.76B | 3.76B | 3.78B | 3.67B | 3.69B | 3.62B | 3.59B | 3.56B | 3.52B |
| Property, Plant & Equipment | 1.59B | 1.57B | 1.48B | 1.47B | 1.4B | 1.4B | 1.36B | 1.34B | 1.34B | 1.37B | 1.33B | 1.32B | 1.3B | 1.29B | 1.22B | 1.24B | 1.19B | 1.16B | 1.06B | 1.05B |
| Fixed Asset Turnover | 1.11x | 1.39x | 1.20x | 1.26x | 1.09x | 1.32x | 1.18x | 1.12x | 1.02x | 1.10x | 0.97x | 1.01x | 0.89x | 1.04x | 0.93x | 1.02x | 1.00x | 1.25x | 1.13x | 1.32x |
| Goodwill | 750.63M | 760.24M | 757.29M | 640.55M | 616.96M | 603.95M | 611.88M | 599.61M | 601.62M | 608.47M | 594.45M | 572.99M | 571.53M | 567.99M | 540.74M | 561.39M | 573M | 575.08M | 0 | 0 |
| Intangible Assets | 186.87M | 198.36M | 205.99M | 147.28M | 150.03M | 154.16M | 168.23M | 168.39M | 176.65M | 186.6M | 185.84M | 165.59M | 172.69M | 178.46M | 179.89M | 194.07M | 209.32M | 215.99M | 809.16M | 820.12M |
| Long-Term Investments | 1.61B | 0 | 1.38B | 1.29B | 1.23B | 0 | 1.11B | 1.19B | 1.13B | 1.13B | 1.08B | 1.1B | 1.16B | 1.21B | 1.24B | 1.25B | 1.24B | 1.27B | 1.25B | 1.2B |
| Other Non-Current Assets | 96.39M | 1.5B | 105.25M | 108.36M | 113.26M | 1.31B | 105.95M | 132.83M | 116.24M | 96.71M | 103.26M | 112.37M | 99.13M | 95.09M | 103.89M | 97.95M | 104.79M | 115.74M | 182.87M | 193.89M |
| Total Assets | 10.95B | 10.99B | 10.52B | 10.32B | 9.79B | 9.63B | 9.35B | 8.88B | 8.63B | 8.6B | 7.97B | 7.87B | 7.73B | 7.73B | 7.63B | 7.81B | 7.7B | 7.85B | 7.57B | 7.4B |
| Asset Turnover | 0.16x | 0.20x | 0.17x | 0.18x | 0.16x | 0.19x | 0.17x | 0.17x | 0.16x | 0.18x | 0.16x | 0.17x | 0.15x | 0.17x | 0.15x | 0.16x | 0.15x | 0.18x | 0.16x | 0.18x |
| Asset Growth % | 11.9% | 14.15% | 12.57% | 16.22% | 13.36% | 11.94% | 17.36% | 12.85% | 11.75% | 11.28% | 4.42% | 0.74% | 0.3% | -1.57% | 0.74% | 5.55% | 10.05% | 11.71% | 15.58% | 19.01% |
| Total Current Liabilities | 1.38B | 1.72B | 1.75B | 1.93B | 1.33B | 1.51B | 1.58B | 1.62B | 1.12B | 1.31B | 1.33B | 1.45B | 1.01B | 1.21B | 1.44B | 1.62B | 1.15B | 1.45B | 1.37B | 1.46B |
| Accounts Payable | 344.72M | 347.49M | 378.02M | 397.3M | 344.8M | 359.37M | 374.02M | 331.94M | 243.09M | 253.79M | 268.03M | 253.8M | 208.8M | 212.42M | 268.67M | 319.73M | 298.99M | 370.05M | 318.6M | 303.95M |
| Days Payables Outstanding | 44.29 | 38.09 | 48.7 | 45.17 | 47.63 | 46.41 | 50.63 | 40.64 | 38.58 | 38.82 | 43.25 | 37.5 | 38.75 | 41.99 | 56.97 | 54.98 | 55.73 | 53.92 | 57.11 | 46.22 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 100.84M | 105.65M | 104.98M | 108.44M | 105.72M | 111M | 113.05M | 106M | 100.74M | 101.19M | 98.29M | 95.62M | 90.57M | 91.09M | 88.56M | 86.55M | 86.44M | 87.65M | 87.77M | 85.89M |
| Other Current Liabilities | 402.89M | 1.27B | 975.82M | 0 | 879.19M | 649.81M | 507.14M | 1.01B | 580.73M | 765.69M | 764.81M | 942.46M | 544.02M | 732.01M | 900.88M | 1.04B | 596.23M | 779.08M | 794M | 908.18M |
| Current Ratio | 4.36x | 3.63x | 3.32x | 3.01x | 4.10x | 3.54x | 3.30x | 2.88x | 4.03x | 3.41x | 3.13x | 2.84x | 3.93x | 3.26x | 2.74x | 2.54x | 3.54x | 2.94x | 2.92x | 2.66x |
| Quick Ratio | 3.02x | 2.60x | 2.24x | 2.09x | 2.91x | 2.56x | 2.35x | 2.07x | 2.86x | 2.38x | 2.05x | 1.87x | 2.46x | 2.01x | 1.68x | 1.64x | 2.38x | 2.10x | 2.11x | 2.02x |
| Cash Conversion Cycle | 244.4 | 201.36 | 232.7 | 205.02 | 209.81 | 191.29 | 201.63 | 190.06 | 216.23 | 216.1 | 243.53 | 241.77 | 286.93 | 272.76 | 285.81 | 240.96 | 210.42 | 181.05 | 183.68 | 146.23 |
| Total Non-Current Liabilities | 305.6M | 301.03M | 292.34M | 266.9M | 278.44M | 274.27M | 262.52M | 254.02M | 270.4M | 280.82M | 287.94M | 298.32M | 312.83M | 315.19M | 306.49M | 323.88M | 301.91M | 292.12M | 342.81M | 359.65M |
| Long-Term Debt | 0 | 164.84M | 155.77M | 0 | 0 | 134.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 167.61M | 0 | 0 | 148.61M | 140.24M | 0 | 109.83M | 102.17M | 105.86M | 113.03M | 111.03M | 110.74M | 111.39M | 114.54M | 100.18M | 106.95M | 82.13M | 70.04M | 71.53M | 74.34M |
| Deferred Tax Liabilities | 111.74M | 109.7M | 109.04M | 89.19M | 104.92M | 103.27M | 105M | 102.95M | 113.93M | 114.68M | 116.42M | 116.65M | 131.75M | 129.97M | 117.94M | 118.06M | 117.65M | 117.59M | 127.73M | 124.15M |
| Other Non-Current Liabilities | 3.71M | 26.5M | 27.53M | 4.55M | 7.75M | 36.11M | 17.47M | 17.05M | 16.68M | 16.96M | 24.96M | 34.99M | 35.31M | 34.99M | 51.3M | 60.57M | 63.07M | 62.86M | 101.53M | 117.61M |
| Total Liabilities | 1.68B | 2.02B | 2.04B | 2.2B | 1.61B | 1.78B | 1.84B | 1.88B | 1.39B | 1.59B | 1.62B | 1.75B | 1.32B | 1.53B | 1.75B | 1.95B | 1.45B | 1.74B | 1.72B | 1.82B |
| Total Debt | 167.62M | 164.84M | 155.77M | 148.61M | 140.24M | 134.89M | 109.83M | 102.17M | 105.86M | 113.03M | 111.03M | 110.74M | 111.39M | 114.54M | 100.18M | 106.95M | 82.13M | 70.04M | 71.53M | 74.34M |
| Net Debt | -2.12B | -2.11B | -1.92B | -1.92B | -2.04B | -1.94B | -1.9B | -1.84B | -1.82B | -1.58B | -1.31B | -1.31B | -1.25B | -1.16B | -982.16M | -980.43M | -1.34B | -1.43B | -1.57B | -1.57B |
| Debt / Equity | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.01x | 0.01x | 0.01x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.01x | 0.01x | 0.01x | 0.01x |
| Debt / EBITDA | 0.35x | 0.25x | 0.31x | 0.29x | 0.37x | 0.24x | 0.23x | 0.26x | 0.31x | 0.29x | 0.35x | 0.34x | 0.46x | 0.37x | 0.36x | 0.32x | 0.30x | 0.20x | 0.22x | 0.18x |
| Net Debt / EBITDA | -4.41x | -3.20x | -3.79x | -3.70x | -5.37x | -3.46x | -3.94x | -4.75x | -5.29x | -4.10x | -4.16x | -4.00x | -5.20x | -3.77x | -3.52x | -2.93x | -4.95x | -4.01x | -4.87x | -3.83x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 9.27B | 8.97B | 8.48B | 8.13B | 8.18B | 7.85B | 7.51B | 7B | 7.25B | 7.01B | 6.35B | 6.12B | 6.41B | 6.2B | 5.88B | 5.87B | 6.25B | 6.11B | 5.85B | 5.58B |
| Equity Growth % | 13.34% | 14.32% | 12.94% | 15.99% | 12.88% | 11.93% | 18.23% | 14.39% | 13.13% | 13.02% | 8.01% | 4.4% | 2.5% | 1.47% | 0.4% | 5.04% | 9.33% | 10.84% | 14.7% | 17.79% |
| Book Value per Share | 47.90 | 46.30 | 43.81 | 42.01 | 42.22 | 40.51 | 38.86 | 36.31 | 37.60 | 36.42 | 33.09 | 31.96 | 33.38 | 32.30 | 30.44 | 30.32 | 32.28 | 31.63 | 30.31 | 28.95 |
| Total Shareholders' Equity | 9.27B | 8.97B | 8.48B | 8.13B | 8.18B | 7.85B | 7.51B | 7B | 7.25B | 7.01B | 6.35B | 6.12B | 6.41B | 6.2B | 5.88B | 5.87B | 6.25B | 6.11B | 5.85B | 5.58B |
| Common Stock | 19.49M | 19.49M | 19.49M | 19.49M | 19.49M | 19.49M | 19.49M | 19.49M | 19.49M | 19.59M | 19.59M | 19.59M | 17.98M | 17.98M | 17.98M | 17.98M | 17.98M | 17.98M | 17.98M | 17.98M |
| Retained Earnings | 7.37B | 6.97B | 6.44B | 6.04B | 6.33B | 6B | 5.56B | 5.16B | 5.44B | 5.26B | 4.72B | 4.46B | 4.94B | 4.73B | 4.44B | 4.23B | 4.53B | 4.32B | 4.03B | 3.78B |
| Treasury Stock | -415.6M | 0 | 0 | -356.36M | 0 | 0 | -243.99M | -223.9M | -226.92M | -330.91M | -331.39M | -322.69M | -510.48M | -475.1M | -398.97M | -315.89M | -294.71M | -303.11M | -303.37M | -303.37M |
| Accumulated OCI | -42.96M | 20.64M | 49.99M | 105.17M | -125.91M | -147.24M | -50.7M | -137.99M | -122.06M | -65.61M | -160.83M | -115.3M | -86.57M | -114.53M | -206.84M | -70.61M | 10.91M | 117.83M | 154.76M | 166.63M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |