Garrett Motion Inc. (GTX) Balance Sheet

NASDAQ: GTXAssets, liabilities, debt and equity over 10 years.

GTX balance sheet, 2025

December 31, 2025 · U.S. dollars

$2.37B assets = $3.17B liabilities + −$802.0M equity

Liabilities exceed assets: shareholders’ equity is negative (−$802.0M).

Both columns are drawn to the same scale: what GTX owns equals what it owes plus shareholders’ equity. Hover a block for its value.

GTX financial health

Current ratio0.97

Tight · current assets cover current liabilities 0.97×

Equity / assets−33.9%

Thin equity · of assets funded by shareholders

Cash / debt11.9%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles8.2%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

GTX balance sheet trends, 2016–2025

Garrett Motion Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$2.66B2016	$2.37B2025	−1.3%/yr
Total liabilities	$3.88B2016	$3.17B2025	−2.2%/yr
Shareholders’ equity	−$1.22B2016	−$802.0M2025	—
Cash & short-term investments	$447.0M2016	$179.0M2025	−9.7%/yr
Total debt	$893.0M2016	$1.51B2025	+6.0%/yr
Net cash (debt)	−$446.0M2016	−$1.33B2025	−$882.0M
Working capital	−$396.0M2016	−$44.0M2025	+$352.0M
Book value per share	−$16.092016	−$3.942025	—
Current ratio	0.812016	0.972025	+0.15
Shares outstanding	75.9M2016	203.6M2025	+11.6%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

GTX assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

GTX liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

GTX debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

GTX balance sheet

Garrett Motion Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$179.0M	$126.0M	$260.0M	$248.0M	$464.0M	$693.0M	$187.0M	$196.0M	$598.0M	$447.0M
Cash & equivalents	$179.0M	$126.0M	$260.0M	$248.0M	$464.0M	$693.0M	$187.0M	$196.0M	$300.0M	$119.0M
Short-term investments	—	—	—	—	—	—	—	$0	$298.0M	$328.0M
Receivables	$734.0M	$705.0M	$826.0M	$857.0M	$762.0M	$863.0M	$707.0M	$750.0M	$1.29B	$1.16B
Inventory	$339.0M	$286.0M	$263.0M	$270.0M	$244.0M	$235.0M	$220.0M	$172.0M	$188.0M	$125.0M
Other current assets	$67.0M	$76.0M	$57.0M	$56.0M	$41.0M	$88.0M	$85.0M	$61.0M	$6.0M	$4.0M
Total current assets	$1.32B	$1.19B	$1.41B	$1.43B	$1.51B	$1.88B	$1.20B	$1.18B	$2.08B	$1.73B
Property, plant & equipment (net)	$511.0M	$501.0M	$517.0M	$514.0M	$536.0M	$541.0M	$506.0M	$438.0M	$442.0M	$371.0M
Goodwill & intangible assets	$193.0M	$193.0M	$193.0M	$193.0M	$193.0M	$193.0M	$193.0M	$193.0M	$193.0M	$192.0M
Long-term investments	$11.0M	$10.0M	$29.0M	$30.0M	$28.0M	$30.0M	$36.0M	$39.0M	$38.0M	$39.0M
Other non-current assets	$333.0M	$379.0M	$382.0M	$469.0M	$438.0M	$374.0M	$341.0M	$255.0M	$240.0M	$326.0M
Total assets	$2.37B	$2.28B	$2.53B	$2.64B	$2.71B	$3.02B	$2.27B	$2.10B	$3.00B	$2.66B
Liabilities
Accounts payable	$1.06B	$972.0M	$1.07B	$1.05B	$1.01B	$1.02B	$1.01B	$916.0M	$860.0M	$736.0M
Short-term debt	$20.0M	$18.0M	$16.0M	$16.0M	$216.0M	$575.0M	$12.0M	$23.0M	$1.03B	$893.0M
Deferred revenue	$17.0M	$16.0M	$15.0M	$29.0M	$23.0M	$8.0M	$12.0M	$14.0M	$21.0M	$27.0M
Total current liabilities	$1.36B	$1.28B	$1.37B	$1.38B	$1.51B	$1.84B	$1.39B	$1.49B	$2.55B	$2.13B
Long-term debt	$1.41B	$1.46B	$1.64B	$1.15B	$1.18B	$1.08B	$1.41B	$1.57B	$0	$0
Lease obligations	$51.0M	$53.0M	$42.0M	$45.0M	$51.0M	$20.0M	$36.0M	—	—	—
Other long-term liabilities	$395.0M	$207.0M	$245.0M	$230.0M	$485.0M	$2.41B	$1.61B	$1.63B	$2.64B	$1.75B
Total liabilities	$3.17B	$2.95B	$3.26B	$2.75B	$3.17B	$5.33B	$4.41B	$4.64B	$5.19B	$3.88B
Shareholders' equity
Common stock & paid-in capital	—	—	—	—	−$200.0M	—	—	—	—	—
Retained earnings (deficit)	−$1.38B	−$1.65B	−$1.92B	−$1.49B	−$1.79B	−$2.21B	−$2.28B	−$2.67B	−$2.43B	−$1.46B
Accumulated other comprehensive income	−$138.0M	$73.0M	−$3.0M	$36.0M	−$4.0M	−$129.0M	$130.0M	$73.0M	$238.0M	$243.0M
Total shareholders' equity	−$802.0M	−$673.0M	−$735.0M	−$116.0M	−$468.0M	−$2.31B	−$2.13B	−$2.59B	−$2.19B	−$1.22B
Key figures
Total debt	$1.51B	$1.52B	$1.69B	$1.20B	$1.63B	$1.67B	$1.45B	$1.59B	$1.03B	$893.0M
Net cash (debt)	−$1.33B	−$1.40B	−$1.43B	−$952.0M	−$1.17B	−$979.0M	−$1.26B	−$1.40B	−$431.0M	−$446.0M
Working capital	−$44.0M	−$85.0M	$32.0M	$56.0M	$3.0M	$42.0M	−$193.0M	−$313.0M	−$464.0M	−$396.0M
Tangible book value	−$995.0M	−$866.0M	−$928.0M	−$309.0M	−$661.0M	−$2.50B	−$2.33B	−$2.79B	−$2.39B	−$1.41B
Book value per share	−$3.94	−$3.00	−$4.41	−$1.78	−$6.71	−$30.33	−$28.09	−$34.85	−$28.92	−$16.09
Shares outstanding	203.6M	224.1M	166.6M	65.1M	69.7M	76.1M	75.9M	74.4M	75.9M	75.9M
Current ratio	0.97	0.93	1.02	1.04	1.00	1.02	0.86	0.79	0.82	0.81
Quick ratio	0.67	0.65	0.79	0.80	0.81	0.85	0.64	0.63	0.74	0.75
Equity / assets	−33.9%	−29.6%	−29.1%	−4.4%	−17.3%	−76.5%	−93.8%	−123.2%	−73.2%	−45.9%

Garrett Motion Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$158.0M	$142.0M	$179.0M	$232.0M	$233.0M	$131.0M	$126.0M	$97.0M	$99.0M	$197.0M	$260.0M	$163.0M
Cash & equivalents	$158.0M	$142.0M	$179.0M	$232.0M	$233.0M	$131.0M	$126.0M	$97.0M	$99.0M	$197.0M	$260.0M	$163.0M
Receivables	$862.0M	$810.0M	$734.0M	$719.0M	$721.0M	$752.0M	$705.0M	$698.0M	$736.0M	$787.0M	$826.0M	$860.0M
Inventory	$350.0M	$313.0M	$339.0M	$320.0M	$287.0M	$265.0M	$286.0M	$267.0M	$272.0M	$272.0M	$263.0M	$294.0M
Other current assets	$100.0M	$110.0M	$67.0M	$109.0M	$122.0M	$100.0M	$76.0M	$81.0M	$85.0M	$82.0M	$57.0M	$73.0M
Total current assets	$1.47B	$1.38B	$1.32B	$1.38B	$1.36B	$1.25B	$1.19B	$1.14B	$1.19B	$1.34B	$1.41B	$1.39B
Property, plant & equipment (net)	$426.0M	$437.0M	$511.0M	$503.0M	$512.0M	$496.0M	$501.0M	$498.0M	$483.0M	$495.0M	$517.0M	$477.0M
Goodwill & intangible assets	$193.0M	$193.0M	$193.0M	$193.0M	$193.0M	$193.0M	$193.0M	$193.0M	$193.0M	$193.0M	$193.0M	$193.0M
Long-term investments	$10.0M	$11.0M	$11.0M	$11.0M	$11.0M	$11.0M	$10.0M	$12.0M	$11.0M	$30.0M	$29.0M	$32.0M
Other non-current assets	$374.0M	$357.0M	$333.0M	$349.0M	$324.0M	$327.0M	$379.0M	$309.0M	$350.0M	$392.0M	$382.0M	$440.0M
Total assets	$2.47B	$2.37B	$2.37B	$2.44B	$2.40B	$2.27B	$2.28B	$2.15B	$2.23B	$2.45B	$2.53B	$2.53B
Liabilities
Accounts payable	$1.14B	$1.08B	$1.06B	$1.02B	$1.00B	$935.0M	$972.0M	$896.0M	$984.0M	$1.03B	$1.07B	$1.07B
Short-term debt	$20.0M	$20.0M	$20.0M	$20.0M	$20.0M	$36.0M	$18.0M	$18.0M	$16.0M	$16.0M	$16.0M	$16.0M
Deferred revenue	$25.0M	$20.0M	$17.0M	$13.0M	$24.0M	$19.0M	$16.0M	$18.0M	$20.0M	$17.0M	$15.0M	$18.0M
Total current liabilities	$1.47B	$1.41B	$1.36B	$1.36B	$1.32B	$1.27B	$1.28B	$1.22B	$1.27B	$1.32B	$1.37B	$1.39B
Long-term debt	$1.36B	$1.41B	$1.41B	$1.46B	$1.46B	$1.46B	$1.46B	$1.46B	$1.47B	$1.63B	$1.64B	$1.62B
Lease obligations	$50.0M	$52.0M	$51.0M	$53.0M	$56.0M	$53.0M	$53.0M	$47.0M	$46.0M	$44.0M	$42.0M	$42.0M
Other long-term liabilities	$321.0M	$338.0M	$395.0M	$430.0M	$436.0M	$244.0M	$207.0M	$247.0M	$215.0M	$231.0M	$245.0M	$217.0M
Total liabilities	$3.15B	$3.15B	$3.17B	$3.25B	$3.21B	$2.98B	$2.95B	$2.93B	$2.95B	$3.18B	$3.26B	$3.22B
Shareholders' equity
Retained earnings (deficit)	−$1.22B	−$1.30B	−$1.38B	−$1.45B	−$1.52B	−$1.59B	−$1.65B	−$1.74B	−$1.79B	−$1.86B	−$1.92B	−$1.94B
Accumulated other comprehensive income	−$54.0M	−$98.0M	−$138.0M	−$146.0M	−$159.0M	$11.0M	$73.0M	−$10.0M	$46.0M	$38.0M	−$3.0M	$59.0M
Total shareholders' equity	−$675.0M	−$781.0M	−$802.0M	−$813.0M	−$812.0M	−$700.0M	−$673.0M	−$778.0M	−$725.0M	−$735.0M	−$735.0M	−$692.0M
Key figures
Total debt	$1.42B	$1.47B	$1.51B	$1.52B	$1.52B	$1.54B	$1.52B	$1.52B	$1.52B	$1.68B	$1.69B	$1.67B
Net cash (debt)	−$1.26B	−$1.33B	−$1.33B	−$1.29B	−$1.29B	−$1.41B	−$1.40B	−$1.42B	−$1.42B	−$1.49B	−$1.43B	−$1.51B
Working capital	$3.0M	−$31.0M	−$44.0M	$21.0M	$44.0M	−$21.0M	−$85.0M	−$79.0M	−$82.0M	$19.0M	$32.0M	$5.0M
Tangible book value	−$868.0M	−$974.0M	−$995.0M	−$1.01B	−$1.00B	−$893.0M	−$866.0M	−$971.0M	−$918.0M	−$928.0M	−$928.0M	−$885.0M
Book value per share	−$3.54	−$4.04	−$4.06	−$4.02	−$3.96	−$3.37	−$3.16	−$3.56	−$3.21	−$3.08	−$3.03	−$2.74
Shares outstanding	190.6M	193.2M	197.5M	202.2M	205.3M	207.6M	213.0M	218.4M	225.9M	239.0M	242.3M	252.4M
Current ratio	1.00	0.98	0.97	1.02	1.03	0.98	0.93	0.94	0.94	1.01	1.02	1.00
Quick ratio	0.70	0.68	0.67	0.70	0.72	0.70	0.65	0.65	0.66	0.75	0.79	0.74
Equity / assets	−27.3%	−32.9%	−33.9%	−33.4%	−33.8%	−30.8%	−29.6%	−36.1%	−32.5%	−30.0%	−29.1%	−27.3%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 19, 2026); data from EODHD.

GTX financial position

At the end of fiscal 2025 (December 31, 2025), Garrett Motion had total assets of $2.4 billion (up 4.0% from a year earlier), total liabilities of $3.2 billion and shareholders' equity of -$802.0 million. It held $179.0 million in cash and short-term investments against $1.5 billion of debt, net debt of $1.3 billion. Its current ratio was 0.97. In the latest quarter (ended June 30, 2026) total assets were $2.5 billion and equity -$675.0 million.

Related: GTX income statement, GTX cash flow statement, GTX key metrics. See the GTX stock overview for the latest quote and news.

GTX balance sheet FAQ

What are Garrett Motion's total assets?

Garrett Motion reported total assets of $2.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.3 billion a year earlier.

How much debt does Garrett Motion have?

Garrett Motion had $1.5 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.

How much cash does Garrett Motion have?

Garrett Motion held $179.0 million in cash and short-term investments at the end of fiscal 2025; with $1.5 billion of debt that is net debt of $1.3 billion.

What is Garrett Motion's book value?

Garrett Motion's shareholders' equity (book value) was -$802.0 million at the end of fiscal 2025, or −$3.94 per share.

What is Garrett Motion's current ratio?

Garrett Motion had current assets of $1.3 billion and current liabilities of $1.4 billion, a current ratio of 0.97 (current liabilities exceed current assets).

How much goodwill does Garrett Motion have?

Garrett Motion carried $193.0 million of goodwill and intangible assets, 8.2% of total assets, at the end of fiscal 2025.