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Garmin GRMN Total Current Liabilities

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Other financials

Income statement

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Revenue$2.0B+11.4%
Gross profit$1.3B+18.3%
Operating income$615.5M+30.3%
Net income$541.9M+35.2%
EPS (diluted)$2.80+35.3%

Balance sheet

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Cash & equivalents$2.3B+12.6%
Total debt$178.0M+19.7%
Total equity$9.0B+11.1%
Total assets$11.4B+10.7%

Cash flow

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Operating cash flow$403.6M+133%
CapEx$127.8M+180%
Free cash flow$275.8M+116%

Valuation

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Market cap$58.35B+31.7%
Enterprise value$56.19B+32.6%
P/E31.1×+2.8×
P/S7.6×+1.1×

Profitability

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Gross margin60.1%+1.1pp
Operating margin27.6%+1.6pp
Net margin24.5%+1.3pp
FCF margin20.9%+4.2pp

Returns & leverage

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Return on equity21.9%+1.2pp
Debt / equity0.0×
Current ratio0.0×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:LiabilitiesCurrent.

The source filing: Garmin’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 7:00 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-322114
Line itemJune 27,2026December 27,2025
Deferred revenue106,956105,646
Income taxes payable326,081381,549
Dividend payable607,651173,351
Total current liabilities2,083,1731,720,071
Deferred income tax liabilities107,365109,701
Noncurrent income taxes payable3,7543,596
Noncurrent deferred revenue22,07222,277
Noncurrent operating lease liabilities177,957164,835

Item 1 - Condensed Consolidated Financial Statements

FAQ

What is Garmin's total current liabilities?
Garmin (GRMN) reported total current liabilities of $2.08B in Q2 2026.
How has Garmin's total current liabilities changed year-over-year?
Garmin's total current liabilities increased by 7.8% year-over-year, from $1.93B to $2.08B.
What is the long-term trend for Garmin's total current liabilities?
Over 5 years (2020 to 2025), Garmin's total current liabilities has grown at a 8.1% compound annual growth rate (CAGR), from $1.16B to $1.72B.
What does total current liabilities mean?
The sum of all obligations due within one year — payables, accrued expenses, current debt, deferred revenue, and other short-term liabilities.

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