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Garmin GRMN Change in AP

Change in AP at other companies

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Raytheon TechnologiesRTX
-$1.16B-391%
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AppleAAPL
-$13.15B-65.7%
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Honeywell InternationalHON
-$289M-119%
Teledyne Technologies logo
Teledyne TechnologiesTDY
$60.4M+13.7%
General Dynamics logo
General DynamicsGD
$165M+1,169%
Alphabet Inc. logo
Alphabet Inc.GOOGL

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:IncreaseDecreaseInAccountsPayable.

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 change in AP?
Garmin (GRMN) reported change in AP of $3.41M in Q1 2026.
How has Garmin's change in AP changed year-over-year?
Garmin's change in AP increased by 127.0% year-over-year, from -$12.63M to $3.41M.
What does change in AP mean?
The change in money the company owes to its suppliers.
How do you interpret change in AP?
An increase is generally positive for cash flow, provided it does not indicate financial distress or strained supplier relationships.
How does change in AP compare across companies?
Peers often manage this to optimize the cash conversion cycle.