Medtronic PLC (MDT)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	49,387,000	48,494,000	47,947,000	50,214,000	50,214,000	51,792,000	51,792,000	51,460,000	51,460,000	51,178,000	51,178,000	51,483,000	51,483,000	51,441,000	51,441,000	51,880,000	51,880,000	52,672,000	52,672,000	52,551,000
Debt-to-capital 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	0.30	0.00	0.00	0.00	0.29	0.00	0.28	0.00

January 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $49,387,000K)
= 0.00

The debt-to-capital ratio for Medtronic PLC fluctuated over the reported periods. As of April 30, 2022, and July 31, 2022, the company had a debt-to-capital ratio of 0.00, indicating that it had no debt relative to its total capital during those periods.

However, by the end of July 29, 2022, and October 28, 2022, the ratio increased to 0.28 and 0.29, respectively, suggesting that a portion of the company's capital was financed through debt. Subsequently, the ratio reverted to 0.00 by October 31, 2022, and remained at that level throughout the rest of the reporting periods up to January 31, 2025.

The fluctuations in the debt-to-capital ratio indicate changes in the company's capital structure and financial leverage over time. It is essential to monitor this ratio to assess the company's ability to repay its debts and manage its financial obligations effectively.