# GARMIN LTD (GRMN) FY2026 Q1 Balance Sheet

- Company: GARMIN LTD (GRMN)
- Period: As of 2026-03-28
- Filing: Q1 FY2026 10-Q, filed 2026-04-29, accession number 0001193125-26-188908
- Page: https://plicit.ai/financials/grmn/fy2026-q1-balance-sheet
- Chart image: https://plicit.ai/charts/grmn-fy2026-q1-balance-sheet-sankey.png

## Chart details

Balance sheet as of 2026-03-28. The chart shows assets, liabilities and equity at that date.

- **Assets**: 10,952,438,000 US dollars
- **Current assets**: 5,997,169,000 US dollars
- **Non-current assets**: 4,955,269,000 US dollars
- **Liabilities (calculated)**: 1,681,414,000 US dollars
- **Current liabilities**: 1,375,245,000 US dollars
- **Non-current liabilities**: 306,169,000 US dollars
- **Equity**: 9,271,024,000 US dollars
- **Cash and cash equivalents**: 2,289,916,000 US dollars
- **Inventories**: 1,850,282,000 US dollars
- **Accounts receivable, net**: 940,959,000 US dollars
- **Prepaid expenses and other current assets**: 489,654,000 US dollars
- **Marketable securities**: 411,034,000 US dollars
- **Deferred costs**: 15,324,000 US dollars
- **Noncurrent marketable securities**: 1,612,323,000 US dollars
- **Property and equipment, net of accumulated depreciation of $1,321,032 and $1,292,250**: 1,383,770,000 US dollars
- **Goodwill**: 750,633,000 US dollars
- **Deferred income tax assets**: 721,894,000 US dollars
- **Operating lease right-of-use assets**: 203,390,000 US dollars
- **Other intangible assets, net**: 186,866,000 US dollars
- **Other noncurrent assets**: 92,347,000 US dollars
- **Noncurrent deferred costs**: 4,046,000 US dollars
- **Accounts payable**: 344,724,000 US dollars
- **Income taxes payable**: 308,301,000 US dollars
- **Other accrued expenses**: 233,248,000 US dollars
- **Salaries and benefits payable**: 224,693,000 US dollars
- **Deferred revenue**: 100,843,000 US dollars
- **Accrued sales program costs**: 92,504,000 US dollars
- **Accrued warranty costs**: 70,932,000 US dollars
- **Dividend payable**: 0 US dollars
- **Noncurrent operating lease liabilities**: 167,612,000 US dollars
- **Deferred income tax liabilities**: 111,744,000 US dollars
- **Noncurrent deferred revenue**: 22,530,000 US dollars
- **Noncurrent income taxes payable**: 3,645,000 US dollars
- **Other noncurrent liabilities**: 638,000 US dollars
- **Retained earnings**: 7,374,974,000 US dollars
- **Additional paid-in capital**: 2,335,119,000 US dollars
- **Common shares, $0.10 par value (194,901 and 194,901 shares authorized and issued;192,903 and 192,620 shares outstanding)**: 19,490,000 US dollars
- **Treasury shares (1,998 and 2,281 shares)**: negative 415,600,000 US dollars
- **Accumulated other comprehensive income (loss)**: negative 42,959,000 US dollars
- **Gross equity (calculated)**: 9,729,583,000 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.