Medtronic PLC (MDT)
Cash ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 26, 2024 | Jan 31, 2024 | Jan 26, 2024 | Oct 31, 2023 | Oct 27, 2023 | Jul 31, 2023 | Jul 28, 2023 | Apr 30, 2023 | Apr 28, 2023 | Jan 31, 2023 | Jan 27, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,240,000 | 1,394,000 | 1,311,000 | 1,284,000 | 1,284,000 | 1,623,000 | 1,623,000 | 1,311,000 | 1,311,000 | 1,339,000 | 1,339,000 | 1,543,000 | 1,543,000 | 4,521,000 | 4,521,000 | 4,828,000 | 4,828,000 | 2,140,000 | 2,140,000 | 3,714,000 |
| Short-term investments | US$ in thousands | 6,682,000 | 6,595,000 | 6,532,000 | 6,721,000 | 6,721,000 | 6,698,000 | 6,698,000 | 6,423,000 | 6,423,000 | 6,537,000 | 6,537,000 | 6,416,000 | 6,416,000 | 6,616,000 | 6,616,000 | 6,602,000 | 6,602,000 | 6,733,000 | 6,733,000 | 6,859,000 |
| Total current liabilities | US$ in thousands | 11,840,000 | 12,195,000 | 10,287,000 | 10,789,000 | 10,789,000 | 9,793,000 | 9,793,000 | 9,659,000 | 9,659,000 | 9,047,000 | 9,047,000 | 9,051,000 | 9,051,000 | 14,422,000 | 14,422,000 | 14,465,000 | 14,465,000 | 14,049,000 | 14,049,000 | 12,394,000 |
| Cash ratio | 0.67 | 0.66 | 0.76 | 0.74 | 0.74 | 0.85 | 0.85 | 0.80 | 0.80 | 0.87 | 0.87 | 0.88 | 0.88 | 0.77 | 0.77 | 0.79 | 0.79 | 0.63 | 0.63 | 0.85 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,240,000K
+ $6,682,000K)
÷ $11,840,000K
= 0.67
The cash ratio for Medtronic PLC has displayed some fluctuations over the periods provided. It is calculated as the proportion of cash and cash equivalents to current liabilities.
The cash ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A ratio of 1 or higher is typically considered healthy, as it suggests the company has enough liquid assets to cover its short-term obligations.
Looking at the data, the cash ratio for Medtronic PLC ranged between 0.63 and 0.88 during the period from April 2022 to January 2025. The lowest ratio of 0.63 was recorded in July 2022, and the highest ratio of 0.88 was seen in April 2023.
It is worth noting that a higher cash ratio implies a stronger ability to cover short-term liabilities, while a lower ratio may indicate potential liquidity concerns. Therefore, management should monitor the cash ratio closely to ensure the company maintains a healthy level of liquidity to meet its short-term obligations.
Peer comparison
Jan 31, 2025