Medtronic PLC (MDT)
Debt-to-equity ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 21,700,000 |
| Total stockholders’ equity | US$ in thousands | 48,024,000 | 50,214,000 | 50,214,000 | 51,483,000 | 51,483,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.42 |
April 30, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $48,024,000K
= 0.00
The debt-to-equity ratio of Medtronic PLC has shown a consistent downward trend over the last few years based on the available data. As of April 28, 2023, the debt-to-equity ratio was 0.42, indicating that the company had a moderate level of debt in relation to its equity. However, by April 30, 2023, the ratio had decreased significantly to 0.00, suggesting that the company had either reduced its debt levels or increased its equity.
Subsequently, from April 26, 2024, to April 30, 2025, the debt-to-equity ratio remained at 0.00, signaling that the company either had no debt or had debt levels equal to its equity during these periods. This low or zero debt-to-equity ratio may indicate a conservative financial strategy, minimal financial risk, or strong financial health. Overall, the trend in Medtronic PLC's debt-to-equity ratio points towards a favorable financial position with relatively low debt relative to its equity.
Peer comparison
Apr 30, 2025