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Garmin GRMN Change in Other Liabilities

Change in Other Liabilities at other companies

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$12.53B+204%

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:IncreaseDecreaseInOtherOperatingLiabilities.

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 liabilities?
Garmin (GRMN) reported change in other liabilities of -$90.38M in Q1 2026.
How has Garmin's change in other liabilities changed year-over-year?
Garmin's change in other liabilities decreased by 57.7% year-over-year, from -$57.32M to -$90.38M.
What is the long-term trend for Garmin's change in other liabilities?
Over 2 years (2021 to 2025), Garmin's change in other liabilities has grown at a 10.6% compound annual growth rate (CAGR), from $70.01M to $85.67M.
What does change in other liabilities mean?
The net change in miscellaneous short-term debts and obligations not classified elsewhere.
How do you interpret change in other liabilities?
An increase indicates a source of cash, while a decrease represents a use of cash for settling obligations.
How does change in other liabilities compare across companies?
Commonly reported as part of working capital adjustments in the operating section of the cash flow statement.