Medtronic PLC (MDT)

Debt-to-equity ratio

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 Apr 30, 2022
Long-term debt US$ in thousands 21,700,000 21,100,000 20,100,000
Total stockholders’ equity US$ in thousands 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 52,551,000
Debt-to-equity 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 0.42 0.00 0.00 0.00 0.41 0.00 0.38 0.00

January 31, 2025 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $49,387,000K
= 0.00

The debt-to-equity ratio of Medtronic PLC shows fluctuations over the periods provided. The ratios range from 0.00 to 0.42, indicating that the company's financial structure has varied levels of debt relative to shareholders' equity. A lower ratio suggests that the company is using less debt to finance its operations compared to equity, which can be viewed positively as a lower financial risk. However, it is important to note that too low of a ratio may also indicate under-leverage, resulting in missed opportunities for leveraging debt for potential growth or tax benefits. On the other hand, a higher ratio signifies higher financial risk due to increased reliance on debt financing. Overall, consistent monitoring of the debt-to-equity ratio is essential to assess Medtronic PLC's financial health and risk management strategies.


See also:

Medtronic PLC Debt to Equity (Quarterly Data)