Garmin (GRMN) Non-Current Deferred Tax Liability (2009 - 2026)
Garmin's Non-Current Deferred Tax Liability came in at $107.37 million for Q2 2026, up 20.4% from $89.19 million a year earlier but down 3.9% from the prior quarter.
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Analysis
Garmin (GRMN) Non-Current Deferred Tax Liability (2009 - 2026) Analysis & Trends
At the end of FY2025, Garmin's Non-Current Deferred Tax Liability was $109.7 million, up 6.2% from FY2024.
- Non-Current Deferred Tax Liability carries a five-year compound annual growth rate of -1.3% (FY2020 to FY2025).
- Going back by year, Non-Current Deferred Tax Liability was $103.27 million in FY2024 (-9.9%), $114.68 million in FY2023 (-11.8%), $129.97 million in FY2022 (+10.5%) and $117.6 million in FY2021 (+0.6%).
- The five-year range for quarterly Non-Current Deferred Tax Liability is $89.19 million (Q2 2025) to $131.75 million (Q1 2023).
- Year-over-year, Non-Current Deferred Tax Liability has increased for four consecutive quarters, with an average decline of 0.5% over the last eight quarters.
- The fastest year-over-year change in Non-Current Deferred Tax Liability over five years came in Q2 2026 (growth of 20.4%), and the weakest in Q1 2024 (a decline of 13.5%).
- Business Quant data shows GRMN's Non-Current Deferred Tax Liability at $111.74 million (Q1 2026), $109.7 million (Q4 2025) and $109.04 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Apple | 5,040.97 Bn | 4,788.46 Bn | 54.77 Bn |
| 2 | Cisco Systems | 424.45 Bn | 360.38 Bn | 11.06 Bn |
| 3 | Dell Technologies | 313.76 Bn | 269.51 Bn | 9.83 Bn |
| 4 | Arista Networks | 232.68 Bn | 186.14 Bn | 1.91 Bn |
| 5 | Sandisk | 202.67 Bn | 191.19 Bn | 7.58 Bn |
| 6 | Seagate Technology Holdings | 152.82 Bn | 147.82 Bn | 1.90 Bn |
| 7 | Sony | 149.85 Bn | 87.11 Bn | 6.53 Bn |
| 8 | Western Digital | 130.59 Bn | 118.72 Bn | 2.03 Bn |
| 9 | Hewlett Packard Enterprise | 77.78 Bn | 55.65 Bn | 4.93 Bn |
| 10 | Garmin | 56.29 Bn | 45.64 Bn | 1.26 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 107.37 Mn |
| Mar 28, 2026 | 111.74 Mn |
| Dec 27, 2025 | 109.70 Mn |
| Sep 27, 2025 | 109.04 Mn |
| Jun 28, 2025 | 89.19 Mn |
| Mar 29, 2025 | 104.92 Mn |
| Dec 28, 2024 | 103.27 Mn |
| Sep 28, 2024 | 105.00 Mn |
| Jun 29, 2024 | 102.95 Mn |
| Mar 30, 2024 | 113.93 Mn |
| Dec 30, 2023 | 114.68 Mn |
| Sep 30, 2023 | 116.42 Mn |
| Jul 1, 2023 | 116.65 Mn |
| Apr 1, 2023 | 131.75 Mn |
| Dec 31, 2022 | 129.97 Mn |
| Sep 24, 2022 | 117.94 Mn |
| Jun 25, 2022 | 118.06 Mn |
| Mar 26, 2022 | 117.65 Mn |
| Dec 25, 2021 | 117.60 Mn |
| Sep 25, 2021 | 127.73 Mn |
API Access
Garmin Non-Current Deferred Tax Liability API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-deferred-tax-liability&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deferred-tax-liability", "ticker": "GRMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-deferred-tax-liability&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();