Medtronic PLC (MDT)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 23,059,000 |
| 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 |
| Current ratio | 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 | 1.86 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $22,513,000K ÷ $11,840,000K
= 1.90
The current ratio of Medtronic PLC has shown some fluctuations over the given periods. The ratio started at 1.86 on April 30, 2022, decreasing to 1.58 by July 29, 2022, and remaining at that level until October 31, 2022. Subsequently, the current ratio improved to 2.39 by April 30, 2023, showing a significant increase. It continued to increase to 2.42 by July 31, 2023, indicating a strong ability to cover its short-term obligations.
There was a slight decline in the current ratio to 2.29 by October 31, 2023, and then a modest increase to 2.30 by January 31, 2024. The ratio dropped to 2.03 by April 30, 2024, before recovering to 2.13 by July 31, 2024. However, by October 31, 2024, the ratio decreased to 1.84, which may indicate a potential strain on short-term liquidity.
By January 31, 2025, there was a slight improvement in the current ratio to 1.90. Overall, while the current ratio has shown some volatility over the periods analyzed, it has generally remained above 1, indicating that Medtronic PLC has had more than enough current assets to cover its short-term liabilities throughout most of the time frame.
Peer comparison
Jan 31, 2025