Medtronic PLC (MDT)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 23,814,000 | 22,513,000 | 22,438,000 | 21,947,000 | 21,935,000 | 21,935,000 | 22,513,000 | 22,513,000 | 22,081,000 | 22,081,000 | 21,869,000 | 21,869,000 | 21,675,000 | 21,675,000 | 25,364,000 | 25,364,000 | 25,398,000 | 25,398,000 | 22,135,000 | 22,135,000 |
| 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 |
| Current ratio | 1.85 | 1.90 | 1.84 | 2.13 | 2.03 | 2.03 | 2.30 | 2.30 | 2.29 | 2.29 | 2.42 | 2.42 | 2.39 | 2.39 | 1.76 | 1.76 | 1.76 | 1.76 | 1.58 | 1.58 |
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 exhibited fluctuations over the reporting periods. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
From July 29, 2022, to January 31, 2023, the current ratio remained stable at 1.58. There was a significant improvement in the April 28, 2023, reporting period, where the current ratio notably increased to 2.39, indicating a stronger liquidity position. This improvement was sustained in the subsequent periods up to July 31, 2023, reaching 2.42.
However, there was a slight decline in the current ratio in the October 27, 2023, reporting period to 2.29. This trend further continued into January 31, 2024, where the current ratio decreased to 2.30. Subsequently, in the April 26, 2024, reporting period, the current ratio decreased to 2.03, reflecting a reduction in short-term liquidity.
The current ratio increased in the following reporting period on July 31, 2024, to 2.13. However, the ratio experienced a notable decline in the subsequent reporting periods, falling to 1.84 in October 31, 2024, and further decreasing to 1.90 in January 31, 2025. The current ratio remained relatively stable at 1.85 in the most recent reporting period on April 30, 2025.
Overall, the current ratio of Medtronic PLC has shown variability over the analyzed period, with fluctuations indicating changes in the company's short-term liquidity position. It is important to monitor these changes to assess the adequacy of the company's current assets in meeting its short-term obligations.
Peer comparison
Apr 30, 2025