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Garmin (GRMN) Payables: 2009-2024

Historic Payables for Garmin (GRMN) over the last 14 years, with Dec 2024 value amounting to $503.7 million.

  • Garmin's Payables rose 9.37% to $724.3 million in Q3 2025 from the same period last year, while for Sep 2025 it was $2.5 billion, marking a year-over-year increase of 20.66%. This contributed to the annual value of $503.7 million for FY2024, which is 27.92% up from last year.
  • According to the latest figures from FY2024, Garmin's Payables is $503.7 million, which was up 27.92% from $393.8 million recorded in FY2023.
  • Garmin's Payables' 5-year high stood at $628.1 million during FY2021, with a 5-year trough of $352.1 million in FY2022.
  • For the 3-year period, Garmin's Payables averaged around $416.6 million, with its median value being $393.8 million (2023).
  • Per our database at Business Quant, Garmin's Payables crashed by 43.93% in 2022 and then increased by 27.92% in 2024.
  • Over the past 5 years, Garmin's Payables (Yearly) stood at $492.5 million in 2020, then climbed by 27.52% to $628.1 million in 2021, then tumbled by 43.93% to $352.1 million in 2022, then climbed by 11.82% to $393.8 million in 2023, then grew by 27.92% to $503.7 million in 2024.