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.


See also:

Medtronic PLC Cash Ratio (Quarterly Data)