Medtronic PLC (MDT)
Debt-to-equity 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-equity ratio | 0.00 | 0.42 | 0.44 | 0.56 | 0.44 |
April 26, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $50,214,000K
= 0.00
The debt-to-equity ratio of Medtronic PLC has exhibited a declining trend over the past five years. From 0.44 in 2020, the ratio decreased to 0.00 in 2024, indicating that the company had no debt relative to its equity in the most recent fiscal year. This could signify a strong financial position with lower financial risk and potentially higher solvency.
In contrast, in 2021, the ratio was at its highest point at 0.56, indicating a higher level of debt in relation to equity. However, the subsequent years saw a significant improvement in the ratio, suggesting that Medtronic has been reducing its debt levels or increasing its equity base, which may enhance its financial stability and flexibility in the long term.
Peer comparison
Apr 26, 2024