Garmin (GRMN) Total Non-Current Liabilities (2009 - 2026)
Garmin (GRMN) reported Total Non-Current Liabilities of $2.44 billion for Q3 2026, up 19.6% from $2.04 billion a year earlier and up 2.1% from the prior quarter.
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Analysis
Garmin (GRMN) Total Non-Current Liabilities (2009 - 2026) Analysis & Trends
At the end of FY2025, Garmin posted Total Non-Current Liabilities of $2.02 billion, up 13.7% from FY2024.
- Total Non-Current Liabilities has increased for three consecutive years, with a five-year compound annual growth rate of 7.5% (FY2020 to FY2025).
- By year, Total Non-Current Liabilities came in at $1.77 billion in FY2024 (+12.8%), $1.57 billion in FY2023 (+5.4%), $1.49 billion in FY2022 (-11.1%) and $1.68 billion in FY2021 (+19.2%).
- The Q3 2026 figure ranks as the highest quarterly Total Non-Current Liabilities in data going back to Q2 2009.
- Year over year, Total Non-Current Liabilities has now increased in each of the last 12 quarters, with growth averaging 13.3% over the last eight quarters.
- The high point for year-over-year Total Non-Current Liabilities in five years was Q3 2026 (growth of 19.6%); the low point was Q4 2022 (a decline of 11.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $2.39 billion (Q2 2026), $1.68 billion (Q1 2026) and $2.02 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Non-Current Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,064.64 Bn | 4,810.10 Bn | 54.82 Bn | 122.54 Bn |
| 2 | Cisco Systems | 387.30 Bn | 323.23 Bn | 11.06 Bn | 73.69 Bn |
| 3 | Arista Networks | 233.88 Bn | 183.08 Bn | 2.33 Bn | 8.46 Bn |
| 4 | Dell Technologies | 213.96 Bn | 169.72 Bn | 9.83 Bn | 124.65 Bn |
| 5 | Sony | 164.26 Bn | 101.68 Bn | 7.96 Bn | 16.26 Bn |
| 6 | Sandisk | 123.84 Bn | 108.67 Bn | 9.38 Bn | 6.85 Bn |
| 7 | Seagate Technology Holdings | 115.23 Bn | 110.07 Bn | 2.43 Bn | 5.32 Bn |
| 8 | Western Digital | 108.25 Bn | 98.08 Bn | 2.53 Bn | 4.09 Bn |
| 9 | Hewlett Packard Enterprise | 63.71 Bn | 41.65 Bn | 4.93 Bn | 47.78 Bn |
| 10 | Garmin | 55.63 Bn | 45.19 Bn | 1.26 Bn | 2.44 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 2.44 Bn |
| Jun 27, 2026 | 2.39 Bn |
| Mar 28, 2026 | 1.68 Bn |
| Dec 27, 2025 | 2.02 Bn |
| Sep 27, 2025 | 2.04 Bn |
| Jun 28, 2025 | 2.19 Bn |
| Mar 29, 2025 | 1.60 Bn |
| Dec 28, 2024 | 1.77 Bn |
| Sep 28, 2024 | 1.82 Bn |
| Jun 29, 2024 | 1.86 Bn |
| Mar 30, 2024 | 1.37 Bn |
| Dec 30, 2023 | 1.57 Bn |
| Sep 30, 2023 | 1.59 Bn |
| Jul 1, 2023 | 1.71 Bn |
| Apr 1, 2023 | 1.29 Bn |
| Dec 31, 2022 | 1.49 Bn |
| Sep 24, 2022 | 1.70 Bn |
| Jun 25, 2022 | 1.89 Bn |
| Mar 26, 2022 | 1.39 Bn |
| Dec 25, 2021 | 1.68 Bn |
API Access
Garmin Total Non-Current Liabilities 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=total-non-current-liabilities&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-non-current-liabilities", "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=total-non-current-liabilities&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();