Medtronic PLC (MDT)
Quick 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 | 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 |
| Receivables | US$ in thousands | 6,515,000 | 6,115,000 | 6,260,000 | 6,011,000 | 6,128,000 | 6,128,000 | 5,968,000 | 5,968,000 | 5,934,000 | 5,934,000 | 5,806,000 | 5,806,000 | 5,998,000 | 5,998,000 | 5,887,000 | 5,887,000 | 5,626,000 | 5,626,000 | 5,308,000 | 5,308,000 |
| 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 |
| Quick ratio | 1.20 | 1.19 | 1.17 | 1.35 | 1.31 | 1.31 | 1.46 | 1.46 | 1.42 | 1.42 | 1.51 | 1.51 | 1.54 | 1.54 | 1.18 | 1.18 | 1.18 | 1.18 | 1.01 | 1.01 |
April 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,218,000K
+ $6,747,000K
+ $6,515,000K)
÷ $12,879,000K
= 1.20
The quick ratio of Medtronic PLC has shown some fluctuations over the time period analyzed. Starting at 1.01 in July 2022, it remained stable at this level through January 2023, indicating that the company had just enough liquid assets to cover its current liabilities. From April 2023, the quick ratio started to increase, reaching a peak of 1.54 in April 2023, which suggests that Medtronic had a healthier liquidity position during that period.
However, the quick ratio began to decline thereafter, dropping to 1.17 in October 2024. This decrease could indicate potential difficulties in meeting short-term obligations using only its most liquid assets. By January 2025, the quick ratio slightly recovered to 1.19, showing a modest improvement in liquidity. Overall, while there have been fluctuations in Medtronic's quick ratio, the company generally maintained a relatively healthy liquidity position over the analyzed period.
Peer comparison
Apr 30, 2025