GARMIN LTD Deferred Income Tax 2009-2026 | GRMN
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What is deferred income tax?
Deferred income tax represents the difference between income tax expense recognized on the income statement and the actual tax liability paid.
What is GARMIN LTD's current deferred income tax?
GARMIN LTD (GRMN) annual deferred income tax for 2025 was $82.5M, a 193.66% increase from 2024. GARMIN LTD deferred income tax for the quarter ending March 28, 2026 was $3.3M.
What was GARMIN LTD's deferred income tax in 2024?
GARMIN LTD annual deferred income tax for 2024 was $-88.1M, a 74.14% increase from 2023.
What was GARMIN LTD's deferred income tax in 2023?
GARMIN LTD annual deferred income tax for 2023 was $-340.8M, a 137.83% decline from 2022.
What is GARMIN LTD's 5-year deferred income tax CAGR?
GARMIN LTD deferred income tax grew at a compound annual growth rate (CAGR) of 64.13% from FY2020 to FY2025, going from $6.9M to $82.5M over 5 years.
Deferred Income Tax History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR+64.1%
FY2020
$6.9M
→
FY2025
$82.5M
0910111213141516171819202122232425
5 years selected
Deferred Income Tax History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $82.5M | +193.7% | 10-K |
| FY2024 | $-88.1M | +74.1% | 10-K |
| FY2023 | $-340.8M | -137.8% | 10-K |
| FY2022 | $-143.3M | -2569.3% | 10-K |
| FY2021 | $-5.4M | -177.4% | 10-K |
| FY2020 | $6.9M | +107.8% | 10-K |
| FY2019 | $-88.4M | -326.7% | 10-K |
| FY2018 | $39.0M | +143.3% | 10-K |
| FY2017 | $-90.0M | -2503.2% | 10-K |
| FY2016 | $3.7M | -36.5% | 10-K |
| FY2015 | $5.9M | -93.4% | 10-K |
| FY2014 | $89.8M | +1032.6% | 10-K |
| FY2013 | $7.9M | +124.7% | 10-K |
| FY2012 | $-32.1M | +24.5% | 10-K |
| FY2011 | $-42.5M | -1086.6% | 10-K |
| FY2010 | $4.3M | +117.2% | 10-K |
| FY2009 | $-25.1M | - | 10-K |
Company: GARMIN LTDTicker: GRMNSector: OtherIndustry: Search, Detection, Navigation, Guidance, Aeronautical SysView company profile →