# GARMIN LTD (GRMN) FY2025 Q1 Balance Sheet

- Company: GARMIN LTD (GRMN)
- Period: As of 2025-03-29
- Filing: Q1 FY2025 10-Q, filed 2025-04-30, accession number 0000950170-25-060555
- Page: https://plicit.ai/financials/grmn/fy2025-q1-balance-sheet
- Chart image: https://plicit.ai/charts/grmn-fy2025-q1-balance-sheet-sankey.png

## Chart details

Balance sheet as of 2025-03-29. The chart shows assets, liabilities and equity at that date.

- **Assets**: 9,787,622,000 US dollars
- **Current assets**: 5,445,184,000 US dollars
- **Non-current assets**: 4,342,438,000 US dollars
- **Liabilities (calculated)**: 1,608,144,000 US dollars
- **Current liabilities**: 1,329,706,000 US dollars
- **Non-current liabilities**: 278,438,000 US dollars
- **Equity**: 8,179,478,000 US dollars
- **Cash and cash equivalents**: 2,175,515,000 US dollars
- **Inventories**: 1,581,952,000 US dollars
- **Accounts receivable, net**: 787,133,000 US dollars
- **Marketable securities**: 498,995,000 US dollars
- **Prepaid expenses and other current assets**: 380,512,000 US dollars
- **Deferred costs**: 21,077,000 US dollars
- **Property and equipment, net of accumulated depreciation of $1,174,579 and $1,139,156**: 1,233,213,000 US dollars
- **Noncurrent marketable securities**: 1,226,464,000 US dollars
- **Deferred income tax assets**: 831,817,000 US dollars
- **Goodwill**: 616,955,000 US dollars
- **Operating lease right-of-use assets**: 170,703,000 US dollars
- **Other intangible assets, net**: 150,026,000 US dollars
- **Other noncurrent assets**: 107,477,000 US dollars
- **Noncurrent deferred costs**: 5,783,000 US dollars
- **Accounts payable**: 344,804,000 US dollars
- **Income taxes payable**: 332,217,000 US dollars
- **Other accrued expenses**: 209,473,000 US dollars
- **Salaries and benefits payable**: 204,589,000 US dollars
- **Deferred revenue**: 105,716,000 US dollars
- **Accrued sales program costs**: 71,765,000 US dollars
- **Accrued warranty costs**: 61,142,000 US dollars
- **Dividend payable**: 0 US dollars
- **Noncurrent operating lease liabilities**: 140,235,000 US dollars
- **Deferred income tax liabilities**: 104,923,000 US dollars
- **Noncurrent deferred revenue**: 25,526,000 US dollars
- **Noncurrent income taxes payable**: 6,951,000 US dollars
- **Other noncurrent liabilities**: 803,000 US dollars
- **Retained earnings**: 6,331,735,000 US dollars
- **Additional paid-in capital**: 2,255,968,000 US dollars
- **Common shares (194,901 and 194,901 shares authorized and issued; 192,711 and 192,468 shares outstanding)**: 19,490,000 US dollars
- **Treasury shares (2,190 and 2,433 shares)**: negative 301,804,000 US dollars
- **Accumulated other comprehensive income (loss)**: negative 125,911,000 US dollars
- **Gross equity (calculated)**: 8,607,193,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

### Chart connections

- Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
- Treasury shares and other negative equity contributions reduce equity.