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Garmin GRMN Change in Other Assets

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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:IncreaseDecreaseInOtherOperatingAssets.

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 other assets?
Garmin (GRMN) reported change in other assets of $29.07M in Q1 2026.
How has Garmin's change in other assets changed year-over-year?
Garmin's change in other assets increased by 66.0% year-over-year, from $17.51M to $29.07M.
What is the long-term trend for Garmin's change in other assets?
Over 2 years (2021 to 2025), Garmin's change in other assets has grown at a -77.5% compound annual growth rate (CAGR), from $38M to -$1.92M.
What does change in other assets mean?
The change in miscellaneous assets not classified as inventory or receivables.
How do you interpret change in other assets?
Significant changes may indicate one-time accounting adjustments or shifts in operational strategy.
How does change in other assets compare across companies?
Usually a small, non-material line item for most peers.