Garmin (MEX:GRMN N) Total Liabilities: MXN30,320 Mil (As of Mar. 2026)


MEX:GRMN N Garmin Ltd MEX:GRMN N
92 GF Score
Price MXN4,167.45
GF Value MXN3,973.40
Valuation Fairly Valued
! 2 Warning Signs
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What is Garmin Total Liabilities?

Garmin MEX:GRMN N 92 Total Liabilities is MXN30,320 Mil as of Mar. 2026. GuruFocus rates MEX:GRMN N with a GF Score™ of 92/100 and a GF Value™ of MXN3,973.40 (Fairly Valued). The stock has 2 warning signs investors should review.

Garmin's Total Liabilities for the quarter that ended in Mar. 2026 was MXN30,320 Mil.

Garmin's quarterly Total Liabilities declined from Sep. 2025 (MXN37,507.23 Mil) to Dec. 2025 (MXN36,391.41 Mil) and declined from Dec. 2025 (MXN36,391.41 Mil) to Mar. 2026 (MXN30,320.43 Mil).

Garmin's annual Total Liabilities increased from Dec. 2023 (MXN27,014.67 Mil) to Dec. 2024 (MXN37,167.55 Mil) but then declined from Dec. 2024 (MXN37,167.55 Mil) to Dec. 2025 (MXN36,391.41 Mil).

Garmin Total Liabilities Historical Data

* Premium members only.

The historical data trend for Garmin's Total Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Garmin Total Liabilities Chart

Garmin Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35,699.86 29,767.08 27,014.67 37,167.55 36,391.41

Garmin Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32,899.73 41,404.75 37,507.23 36,391.41 30,320.43
MEX:GRMN N
92GF Score
Garmin Ltd MEX:GRMN N
Total Liabilities is just one metric. See GF Score™, valuation, warning signs, and more.
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Garmin Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Garmin's Total Liabilities for the fiscal year that ended in Dec. 2025 is calculated as

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=30971.082+(2967.97+11.254000000005
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+2376.356+0+64.748)
=36,391

Total Liabilities=Total Assets (A: Dec. 2025 )-Total Equity (A: Dec. 2025 )
=197948.706-161557.296
=36,391

Garmin's Total Liabilities for the quarter that ended in Mar. 2026 is calculated as

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=24799.381+(3022.497+11.504
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+2421.323+0+64.748)
=30,320

Total Liabilities=Total Assets (Q: Mar. 2026 )-Total Equity (Q: Mar. 2026 )
=197502.029-167181.595
=30,320

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Total Liabilities →
What does a Total Liabilities of MXN30,320 Mil mean?
Garmin (MEX:GRMN N) has a Total Liabilities of MXN30,320 Mil as of Mar. 2026. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Garmin and its competitors.
Is Garmin's Total Liabilities too high?
Garmin's current Total Liabilities is MXN30,320 Mil. Overall, Garmin has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Garmin's Total Liabilities compare to KEYS and TDY?
Garmin's Total Liabilities of MXN30,320 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Liabilities for a Hardware company?
A good Total Liabilities depends on the Hardware industry context. However, Total Liabilities should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Liabilities mean?
A high Total Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Garmin and its competitors. Garmin's current Total Liabilities is MXN30,320 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garmin stock overvalued right now?
Based on GuruFocus' analysis, Garmin (MEX:GRMN N) is currently considered Fairly Valued. The stock's GF Value™ is MXN3,973.40, compared to a current price of MXN4,167.45 — trading 4.9% above its estimated fair value. The current Total Liabilities is MXN30,320 Mil. Garmin's overall GF Score™ is 92/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Liabilities calculated?
Total Liabilities is calculated from a company's financial statements. For Garmin (MEX:GRMN N), the current Total Liabilities is MXN30,320 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Garmin (MEX:GRMN N) Overvalued in 2026?

Based on GuruFocus' analysis, Garmin stock appears to be overvalued. The current stock price of MXN4,167.45 is trading 4.9% above its estimated GF Value™ of MXN3,973.40. GuruFocus considers Garmin to be Fairly Valued.

Key valuation signals for MEX:GRMN N:

  • Total Liabilities: MXN30,320 Mil
  • GF Value™: MXN3,973.40 vs. price of MXN4,167.45 (4.9% above fair value)
  • GF Score™: 92/100 with 2 warning signs

No single metric tells the full story. See the MEX:GRMN N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Garmin Business Description

Address Muhlentalstrasse 36/38, Schaffhausen, CHE, 8200
Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine. Garmin has built a strong reputation for durable, high-precision devices through a vertically integrated design and manufacturing approach. The company's product lines include smartwatches, fitness trackers, communication equipment, and a comprehensive suite of systems for marine and aviation navigation. Garmin operates globally, with its business focused primarily on North America and Europe.
92GF Score

Get the complete analysis for MEX:GRMN N

Total Liabilities is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN4,167.45
Price
MXN3,973.40
GF Value