Medtronic PLC (MDT)
Current ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 23,814,000 | 21,935,000 | 21,935,000 | 21,675,000 | 21,675,000 |
| Total current liabilities | US$ in thousands | 12,879,000 | 10,789,000 | 10,789,000 | 9,051,000 | 9,051,000 |
| Current ratio | 1.85 | 2.03 | 2.03 | 2.39 | 2.39 |
April 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $23,814,000K ÷ $12,879,000K
= 1.85
The current ratio of Medtronic PLC has shown a relatively stable trend over the past few years, ranging from 2.39 to 1.85. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting that Medtronic PLC should be able to meet its short-term obligations comfortably.
However, it is worth noting that the current ratio has slightly decreased from 2.39 to 1.85 over the period under review. This could indicate a potential weakening in the company's liquidity position, as the ability to cover short-term liabilities with current assets has declined. It would be advisable for stakeholders to closely monitor this trend to ensure that Medtronic PLC maintains a healthy liquidity position moving forward.
Peer comparison
Apr 30, 2025