Medtronic PLC (MDT)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	21,700,000	—	—	—	21,100,000	—	20,100,000	—
Total assets	US$ in thousands	89,973,000	90,042,000	89,749,000	89,981,000	89,981,000	90,836,000	90,836,000	90,087,000	90,087,000	90,776,000	90,776,000	90,948,000	90,948,000	94,134,000	94,134,000	93,241,000	93,241,000	89,914,000	89,914,000	90,981,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.24	0.00	0.00	0.00	0.23	0.00	0.22	0.00

January 31, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $89,973,000K
= 0.00

The debt-to-assets ratio for Medtronic PLC fluctuated over the period from April 2022 to January 2025. The ratio remained consistently low, indicating that the company's level of debt in relation to its total assets was relatively minimal. Specifically, the ratio varied between 0.00 and 0.24 during this period.

In April 2023, the ratio peaked at 0.24, suggesting a temporary increase in the proportion of debt relative to total assets. However, in the subsequent periods, the ratio returned to lower levels, with multiple instances of 0.00 indicating minimal or no debt against total assets.

Overall, the low and stable debt-to-assets ratio for Medtronic PLC indicates a conservative approach to leveraging and a strong financial position with limited reliance on debt to finance its operations and investments. It suggests a lower risk level in terms of financial leverage and the ability to meet debt obligations comfortably.