Medtronic PLC (MDT)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.42 | 0.00 | 0.41 | 0.38 | 0.44 | 0.50 | 0.54 | 0.57 | 0.56 | 0.61 | 0.60 | 0.57 | 0.44 | 0.53 | 0.54 | 0.55 |
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 fluctuated over the past several quarters. From July 2019 to July 2020, the ratio ranged between 0.44 and 0.61, indicating a moderate level of debt relative to equity during this period. However, in the most recent quarters from October 2020 to April 2024, the ratio has remained consistently low at 0.00, suggesting either a significant decrease in debt or an increase in equity.
The sudden drop to 0.00 in the most recent quarters may indicate that Medtronic PLC has made efforts to reduce its debt levels or strengthen its equity position. A debt-to-equity ratio of 0.00 typically signifies that the company has no debt or a minimal amount compared to its equity, which can be viewed positively by investors as it implies lower financial risk and better financial health.
It is important to note that while a low debt-to-equity ratio can be favorable, it is also essential to consider other financial metrics and factors when evaluating the overall financial stability and performance of Medtronic PLC.
Peer comparison
Apr 26, 2024