Medtronic PLC (MDT)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	48,024,000	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
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	0.00	0.30	0.00	0.00	0.00	0.29	0.00	0.28

April 30, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $48,024,000K)
= 0.00

The debt-to-capital ratio of Medtronic PLC has shown a consistent pattern of fluctuations over the past few years. As of the latest available data in April 2025, the ratio stands at 0.00, indicating that the company has no debt relative to its capital. This suggests that Medtronic PLC has a strong capital structure and may be relying more on equity financing rather than debt to fund its operations and growth. It is essential to monitor this ratio over time to assess the company's overall financial health and risk management strategies.