Garmin Ltd.
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Garmin Ltd.'s balance sheet done over the years? Its assets were worth $8,603,569,000 last year, which is more than in the previous period. 18% of Garmin Ltd.’s total assets is currently financed by debt. Its liabilities reached the amount of $1,591,509,000, which means an increase by 4% compared compared to last year.
Debt to Assets
| 2014 | 4693303000 | 1.28B | 27.48% |
|---|---|---|---|
| 2015 | 4499391000 | 1.15B | 25.65% |
| 2016 | 4525133000 | 1.10B | 24.47% |
| 2017 | 5010260000 | 1.20B | 24.11% |
| 2018 | 5382858000 | 1.21B | 22.66% |
| 2019 | 6166799000 | 1.37B | 22.27% |
| 2020 | 7031373000 | 1.51B | 21.55% |
| 2021 | 7854427000 | 1.74B | 22.16% |
| 2022 | 7731170000 | 1.52B | 19.75% |
| 2023 | 8603569000 | 1.59B | 18.5% |
GRMN Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 1.69B | 1.27B | 1.49B | 1.45B | 1.02B | 1.20B | 891.48M | 846.88M | 833.07M | 1.19B |
Short term investments | 274.61M | 173.28M | 347.98M | 387.64M | 376.46M | 182.98M | 161.68M | 266.95M | 215.16M | 167.98M |
Net receivables | 815.24M | 656.84M | 843.44M | 849.46M | 706.76M | 569.83M | 590.88M | 527.06M | 531.48M | 570.19M |
Inventory | 1.34B | 1.51B | 1.22B | 762.08M | 752.90M | 561.84M | 517.64M | 484.82M | 500.55M | 420.47M |
Other current assets | 334.87M | 315.91M | 328.71M | 191.56M | 169.04M | 120.51M | 184.43M | 89.90M | 130.82M | 156.05M |
Total current assets | 4.46B | 3.95B | 4.26B | 3.66B | 3.05B | 2.66B | 2.36B | 2.26B | 2.21B | 2.51B |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 1.36B | 1.28B | 1.15B | 950.16M | 792.51M | 663.52M | 595.68M | 482.87M | 446.08M | 430.88M |
Goodwill | 608.47M | 567.99M | 575.08M | 584.21M | 467.10M | 301.01M | 286.98M | 224.55M | 187.79M | 178.63M |
Intangible assets | 186.60M | 178.46M | 215.99M | 244.35M | 192.52M | 116.06M | 122.81M | 80.44M | 57.76M | 39.44M |
Long term investments | 1.12B | 1.20B | 1.26B | 1.13B | 1.20B | 1.33B | 1.26B | 1.21B | 1.34B | 1.40B |
Other non-current assets | 96.70M | 95.08M | 115.74M | 206.66M | 182.81M | 129.80M | 181.47M | 150.65M | 136.75M | 58.30M |
Total non-current assets | 4.13B | 3.77B | 3.59B | 3.36B | 3.10B | 2.71B | 2.64B | 2.26B | 2.28B | 2.18B |
Total assets | 8.60B | 7.73B | 7.85B | 7.03B | 6.16B | 5.38B | 5.01B | 4.52B | 4.49B | 4.69B |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 101.18M | 91.09M | 87.65M | 86.86M | 94.56M | 96.37M | 139.68M | 146.56M | 164.98M | 203.59M |
Short term debt | 0 | 25.14M | 20.50M | 18.87M | 14.76M | 0 | 0 | 0 | 0 | 0 |
Total current liabilities | 1.31B | 1.21B | 1.44B | 1.16B | 1.03B | 921.31M | 828.65M | 782.73M | 865.99M | 1.03B |
| Non-current liabilities: | ||||||||||
Long term debt | 113.03M | 114.54M | 70.04M | 75.95M | 49.23M | 131.84M | 0 | 121.17M | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 16.95M | 34.98M | 62.86M | 108.30M | 106.04M | -2.78M | 379.13M | 1.59M | 103.32M | 82.04M |
Total non-current liabilities | 280.82M | 315.19M | 292.12M | 351.04M | 337.37M | 298.57M | 379.13M | 324.39M | 288.26M | 256.67M |
Total liabilities | 1.59B | 1.52B | 1.74B | 1.51B | 1.37B | 1.21B | 1.20B | 1.10B | 1.15B | 1.28B |
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