Medtronic PLC (MDT)
Debt-to-assets ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 21,700,000 |
| Total assets | US$ in thousands | 91,680,000 | 89,981,000 | 89,981,000 | 90,948,000 | 90,948,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.24 |
April 30, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $91,680,000K
= 0.00
The debt-to-assets ratio is a key financial metric that indicates the proportion of a company's assets financed by debt. For Medtronic PLC, the debt-to-assets ratio has consistently decreased over the years. In April 28, 2023, the ratio was 0.24, implying that 24% of the company's assets were funded by debt. Subsequently, the ratio has declined to 0.00 in the following years - April 30, 2023; April 26, 2024; April 30, 2024; and April 30, 2025, indicating that the company's assets were fully financed by equity during those periods. This trend suggests that Medtronic PLC has effectively reduced its reliance on debt for funding its operations and investments, which may indicate a stronger financial position and lower risk level.
Peer comparison
Apr 30, 2025