Total Debt for Garmin (GRMN)
According to Garmin's latest reported financial statements, the company's latest reported total debt is $164.84M USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
GRMN
Currently viewingTotal DebtSwitch metric
Latest period
$164.84M
YoY change
+1.3%
5Y CAGR
+16.8%
Peak year (2025)
$164.84M
Latest annual
$164.84M
Total Debt history chart for Garmin (GRMN) from 1999 to 2025
Total Debt history table for Garmin (GRMN) from 1999 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $164.84M | +1.3% | ||
| 2024 | $162.79M | +44.0% | ||
| 2023 | $113.03M | -1.3% | ||
| 2022 | $114.54M | +63.5% | ||
| 2021 | $70.04M | -7.8% | ||
| 2020 | $75.96M | +54.3% | ||
| 2019 | $49.24M | — | ||
| 2018 | $0 | — | ||
| 2017 | $0 | — | ||
| 2016 | $0 | — | ||
| 2015 | $0 | — | ||
| 2014 | $0 | — | ||
| 2013 | $0 | — | ||
| 2012 | $0 | — | ||
| 2011 | $0 | — | ||
| 2010 | $0 | — | ||
| 2009 | $0 | — | ||
| 2008 | $0 | — | ||
| 2007 | $0 | -100.0% | ||
| 2006 | $248,000 | — | ||
| 2005 | $0 | — | ||
| 2004 | $0 | — | ||
| 2003 | $0 | -100.0% | ||
| 2002 | $20.00M | -37.9% | ||
| 2001 | $32.19M | -31.4% | ||
| 2000 | $46.95M | +69.4% | ||
| 1999 | $27.72M | — |
Total Debt values are taken from Garmin's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Garmin (GRMN) most recent annual total debt stands at $164.84M (2025) – edged up 1.3% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Garmin total debt compounded at +16.8% per year, with the latest reading among the more recent periods of the dataset.
The dataset's maximum total debt sits at $164.84M (2025); the minimum reading of $0 dates to 2003.
Within Technology, Garmin (GRMN) ranks 9th among 8 peers we track. The peer median for total debt is $40.21B.
Garmin Total Debt by Year
Garmin Total Debt 2025: $164.84M
Garmin total debt in 2025 was $164.84M, edged up 1.3% from 2024. This figure represents the highest annual value in the available history.
Garmin Total Debt 2024: $162.79M
Garmin total debt in 2024 was $162.79M, surged 44.0% from 2023.
Garmin Total Debt 2023: $113.03M
Garmin total debt in 2023 was $113.03M, edged down 1.3% below 2022.
Garmin Total Debt 2022: $114.54M
Garmin total debt in 2022 was $114.54M, surged 63.5% from 2021.
Garmin Total Debt 2021: $70.04M
Garmin total debt in 2021 was $70.04M.
See more financial history for Garmin (GRMN).
Sector peers — Total Debt
Companies in the same sector as Garmin, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.06T | Technology |
| Apple Inc. (AAPL) | $112.38B | Technology |
| Microsoft Corporation (MSFT) | $112.18B | Technology |
| Broadcom Inc. (AVGO) | $65.14B | Technology |
| Micron Technology, Inc. (MU) | $15.28B | Technology |
| NVIDIA Corporation (NVDA) | $11.41B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $4.47B | Technology |
| ASML Holding N.V. (ASML) | $2.71B | Technology |
Frequently asked questions
What is Garmin's total debt?
- Latest reported total debt for Garmin (GRMN) is $164.84M (period ending December 27, 2025).
How has Garmin total debt changed year-over-year?
- Garmin (GRMN) total debt changed +1.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Garmin total debt?
- Garmin (GRMN) total debt compound annual growth rate is +16.8% over the most recent 5 years available.
When did Garmin total debt hit its highest annual value?
- Garmin total debt reached its highest annual value of $164.84M in 2025.
What was Garmin total debt in 2024?
- Garmin (GRMN) total debt in 2024 was $162.79M.
What was Garmin total debt in 2025?
- Garmin (GRMN) total debt in 2025 was $164.84M.
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