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Garmin GRMN Accrued Expenses

Accrued Expenses at other companies

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$286.74M-3.7%
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$231.5M+240%
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Other financials

Income statement

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Revenue$1.8B+14.2%
Gross profit$1.0B+17.8%
Operating income$431.7M+29.7%
Net income$405.1M+21.7%
EPS (diluted)$2.09+21.5%

Balance sheet

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Cash & equivalents$2.3B+5.3%
Total debt$167.6M+19.5%
Total equity$9.3B+13.3%
Total assets$11.0B+11.9%

Cash flow

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Operating cash flow$536.0M+27.4%
CapEx$66.6M+66.3%
Free cash flow$469.4M+23.3%

Valuation

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Market cap$45.17B+6.9%
Enterprise value$43.04B+7.0%
P/E26×-2.8×
P/S6.1×-0.5×

Profitability

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Gross margin59.1%+0.6pp
Operating margin26.5%+1.2pp
Net margin23.3%+0.5pp
FCF margin19.4%+0.6pp

Returns & leverage

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Return on equity19.9%+0.9pp
Debt / equity0.0×
Current ratio4.4×+0.3×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:EmployeeRelatedLiabilitiesCurrent.

The official record: Garmin’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Garmin's accrued expenses?
Garmin (GRMN) reported accrued expenses of $224.69M in Q1 2026.
How has Garmin's accrued expenses changed year-over-year?
Garmin's accrued expenses increased by 9.8% year-over-year, from $204.59M to $224.69M.
What is the long-term trend for Garmin's accrued expenses?
Over 5 years (2020 to 2025), Garmin's accrued expenses has grown at a 4.6% compound annual growth rate (CAGR), from $181.94M to $228.27M.
What does accrued expenses mean?
Expenses that have been incurred but for which no invoice has been received or payment made yet.
How do you interpret accrued expenses?
Significant changes can indicate shifts in operational scale or timing differences in expense recognition.
How does accrued expenses compare across companies?
Common in all corporate entities; levels typically correlate with the size of the workforce and operational complexity.