Medtronic PLC (MDT)
Debt-to-capital ratio
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 21,700,000 | 22,900,000 | 28,600,000 | 22,140,000 |
| Total stockholders’ equity | US$ in thousands | 50,214,000 | 51,483,000 | 52,551,000 | 51,428,000 | 50,737,000 |
| Debt-to-capital ratio | 0.00 | 0.30 | 0.30 | 0.36 | 0.30 |
April 26, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $50,214,000K)
= 0.00
The debt-to-capital ratio for Medtronic PLC has shown a downward trend over the past five years, decreasing from 0.36 in April 2021 to 0.30 in April 2022, April 2023, and April 2024. This indicates that the proportion of debt relative to the total capital employed by the company has been decreasing over time, suggesting a potential improvement in the company's financial leverage and risk profile. A debt-to-capital ratio of 0.00 in April 2024 indicates that the company's capital structure consists solely of equity with no debt, which could imply reduced financial risk and interest expenses. Overall, the declining trend in the debt-to-capital ratio may reflect a more conservative approach to capital structure management by Medtronic PLC.
Peer comparison
Apr 26, 2024