Medtronic PLC (MDT)
Cash ratio
Apr 30, 2025 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 2,218,000 | 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 |
Short-term investments | US$ in thousands | 6,747,000 | 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 |
Total current liabilities | US$ in thousands | 12,879,000 | 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 |
Cash ratio | 0.70 | 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 |
April 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,218,000K
+ $6,747,000K)
÷ $12,879,000K
= 0.70
The cash ratio of Medtronic PLC has shown some fluctuations over the period from July 2022 to April 2025, ranging from 0.63 to 0.88. The cash ratio represents the proportion of a company's current assets held in cash or cash equivalents relative to its current liabilities. A higher cash ratio indicates that the company has a greater ability to cover its short-term obligations with its cash holdings.
In the case of Medtronic PLC, the cash ratio peaked at 0.88 in April 2023, suggesting a strong liquidity position at that time. However, the ratio experienced a slight decline in the subsequent periods, reaching its lowest point of 0.66 in October 2024. Despite some fluctuations, the cash ratio generally remained above 0.70, indicating that Medtronic PLC has maintained a relatively healthy liquidity position throughout the period under review.
Overall, the trend in Medtronic PLC's cash ratio suggests that the company has been able to effectively manage its short-term liquidity needs and has adequate cash reserves to meet its current obligations.
Peer comparison
Apr 30, 2025