Medtronic PLC (MDT)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 21,700,000 | — | — | — | 21,100,000 | — | 20,100,000 |
| Total assets | US$ in thousands | 91,680,000 | 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 |
| 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 | 0.00 | 0.24 | 0.00 | 0.00 | 0.00 | 0.23 | 0.00 | 0.22 |
April 30, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $91,680,000K
= 0.00
The debt-to-assets ratio for Medtronic PLC has shown a stable and consistently low level over the past few quarters. As of the most recent data available, the ratio stands at 0.00, indicating that the company has minimal debt relative to its total assets. This suggests that Medtronic PLC has a conservative approach to leveraging its assets and is not heavily reliant on debt financing to support its operations or growth. A low debt-to-assets ratio is generally viewed positively by investors and creditors as it indicates a strong financial position and reduced risk of financial distress. It is important to monitor this ratio over time to ensure that the company's debt levels remain at manageable levels.
Peer comparison
Apr 30, 2025