Total Liabilities for Garmin (GRMN)
According to Garmin's latest reported financial statements, the company's latest reported total liabilities is $2.02B USD. Total liabilities sum everything the company owes at the end of each reporting period — accounts payable, accrued expenses, debt, lease obligations, and other claims — as filed on the balance sheet. Compare with total assets and net assets for solvency context.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
GRMN
Currently viewingTotal LiabilitiesSwitch metric
Latest period
$2.02B
YoY change
+13.4%
5Y CAGR
+5.9%
Peak year (2025)
$2.02B
Latest annual
$2.02B
Total Liabilities history chart for Garmin (GRMN) from 1999 to 2025
Total Liabilities history table for Garmin (GRMN) from 1999 to 2025
| Fiscal year | Period ended | Reported | Total Liabilities | YoY |
|---|---|---|---|---|
| 2025 | $2.02B | +13.4% | ||
| 2024 | $1.78B | +12.0% | ||
| 2023 | $1.59B | +4.2% | ||
| 2022 | $1.53B | -12.3% | ||
| 2021 | $1.74B | +14.8% | ||
| 2020 | $1.52B | +10.3% | ||
| 2019 | $1.37B | +12.6% | ||
| 2018 | $1.22B | +1.0% | ||
| 2017 | $1.21B | +9.1% | ||
| 2016 | $1.11B | -4.1% | ||
| 2015 | $1.15B | -10.5% | ||
| 2014 | $1.29B | +5.7% | ||
| 2013 | $1.22B | -5.2% | ||
| 2012 | $1.29B | +6.0% | ||
| 2011 | $1.21B | +29.3% | ||
| 2010 | $939.13M | -5.1% | ||
| 2009 | $989.43M | +41.6% | ||
| 2008 | $698.73M | -25.7% | ||
| 2007 | $940.85M | +177.4% | ||
| 2006 | $339.12M | +65.4% | ||
| 2005 | $204.97M | +12.9% | ||
| 2004 | $181.53M | +69.3% | ||
| 2003 | $107.25M | +12.2% | ||
| 2002 | $95.62M | +22.3% | ||
| 2001 | $78.19M | -20.3% | ||
| 2000 | $98.11M | +63.4% | ||
| 1999 | $60.05M | — |
Total Liabilities 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 liabilities stands at $2.02B (2025) – grew 13.4% year-over-year.
Over 2020–2025 (5 years), Garmin total liabilities expanded at a +5.9% compound annual rate, with the latest reading among the more recent periods of the dataset.
The highest annual total liabilities of $2.02B was reported in 2025. The lowest in the available history was $60.05M in 1999.
Among 8 Technology peers, Garmin (GRMN) ranks 9th; the peer median for total liabilities is $69.66B.
Garmin Total Liabilities by Year
Garmin Total Liabilities 2025: $2.02B
Garmin total liabilities in 2025 was $2.02B, grew 13.4% from 2024. This figure represents the highest annual value in the available history.
Garmin Total Liabilities 2024: $1.78B
Garmin total liabilities in 2024 was $1.78B, grew 12.0% from 2023.
Garmin Total Liabilities 2023: $1.59B
Garmin total liabilities in 2023 was $1.59B, edged up 4.2% from 2022.
Garmin Total Liabilities 2022: $1.53B
Garmin total liabilities in 2022 was $1.53B, declined 12.3% below 2021.
Garmin Total Liabilities 2021: $1.74B
Garmin total liabilities in 2021 was $1.74B.
See more financial history for Garmin (GRMN).
Sector peers — Total Liabilities
Companies in the same sector as Garmin, ranked by their latest total liabilities.
| Company | Total Liabilities | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.47T | Technology |
| Apple Inc. (AAPL) | $285.51B | Technology |
| Microsoft Corporation (MSFT) | $275.52B | Technology |
| Broadcom Inc. (AVGO) | $89.80B | Technology |
| NVIDIA Corporation (NVDA) | $49.51B | Technology |
| ASML Holding N.V. (ASML) | $30.94B | Technology |
| Micron Technology, Inc. (MU) | $28.63B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $13.93B | Technology |
Frequently asked questions
What is Garmin's total liabilities?
- Latest reported total liabilities for Garmin (GRMN) is $2.02B (period ending December 27, 2025).
How has Garmin total liabilities changed year-over-year?
- Garmin (GRMN) total liabilities changed +13.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Garmin total liabilities?
- Garmin (GRMN) total liabilities compound annual growth rate is +5.9% over the most recent 5 years available.
When did Garmin total liabilities hit its highest annual value?
- Garmin total liabilities reached its highest annual value of $2.02B in 2025.
What was Garmin total liabilities in 2024?
- Garmin (GRMN) total liabilities in 2024 was $1.78B.
What was Garmin total liabilities in 2025?
- Garmin (GRMN) total liabilities in 2025 was $2.02B.
Metrics overview
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