Garmin GRMN Total debt
Total debt at other companies
Other financials
Where this comes from
Computed from long term debt + current portion long term debt + short term borrowings + operating lease liabilities + finance lease liabilities + financing obligations: $167.61M.
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 total debt?
- Garmin (GRMN) reported total debt of $167.61M in Q1 2026.
- How has Garmin's total debt changed year-over-year?
- Garmin's total debt increased by 19.5% year-over-year, from $140.24M to $167.61M.
- What is the long-term trend for Garmin's total debt?
- Over 5 years (2020 to 2025), Garmin's total debt has grown at a 15.6% compound annual growth rate (CAGR), from $94.83M to $195.99M.
- What does total debt mean?
- The total amount of money a company owes to creditors and lenders.
- How do you interpret total debt?
- An increase in total debt may signal aggressive expansion or a need for liquidity, while a decrease indicates deleveraging and improved financial health. High levels relative to equity or cash flow may increase financial risk, especially during economic downturns.
- How does total debt compare across companies?
- Peer companies in the consumer electronics and aerospace hardware sectors typically maintain low debt-to-equity ratios to preserve flexibility for R&D and cyclical market shifts.