Medtronic PLC (MDT)
Debt-to-capital ratio
| Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | Apr 24, 2020 | Jan 24, 2020 | Oct 25, 2019 | Jul 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 21,700,000 | — | 21,100,000 | 20,100,000 | 22,900,000 | 26,500,000 | 28,000,000 | 29,200,000 | 28,600,000 | 30,800,000 | 29,900,000 | 28,900,000 | 22,140,000 | 27,500,000 | 27,300,000 | 27,800,000 |
| Total stockholders’ equity | US$ in thousands | 50,214,000 | 51,792,000 | 51,460,000 | 51,178,000 | 51,483,000 | 51,441,000 | 51,880,000 | 52,672,000 | 52,551,000 | 52,542,000 | 51,991,000 | 51,486,000 | 51,428,000 | 50,758,000 | 50,164,000 | 50,296,000 | 50,737,000 | 51,808,000 | 50,578,000 | 50,363,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.00 | 0.29 | 0.28 | 0.30 | 0.34 | 0.35 | 0.36 | 0.36 | 0.38 | 0.37 | 0.36 | 0.30 | 0.35 | 0.35 | 0.36 |
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 varied over the past few years. From July 2019 to January 2020, the ratio ranged between 0.30 and 0.35, indicating a stable level of debt relative to capital during that period. However, in April 2020, there was a slight increase in the ratio to 0.36, which was maintained until October 2020.
From January 2021 to April 2021, there was another uptick in the debt-to-capital ratio to 0.38, which then stabilized around 0.36 from July 2021 to January 2022. Subsequently, the ratio decreased slightly to 0.34 in April 2022 and then fluctuated around 0.30 from July 2022 to January 2024.
Notably, in April 2023, there was a significant spike in the debt-to-capital ratio to 0.30, which then rose to 0.35 by October 2023, before decreasing to 0.29 in January 2024. Finally, the ratio dropped to 0.00 in April 2024, suggesting a significant reduction in debt relative to capital.
Overall, the trend in the debt-to-capital ratio for Medtronic PLC shows fluctuations over the analyzed periods, with some increases and decreases in the company's debt burden relative to its capital structure. It is essential for stakeholders to closely monitor these fluctuations to assess the company's financial leverage and risk profile.
Peer comparison
Apr 26, 2024