Medtronic PLC (MDT)

Debt-to-equity ratio

		Apr 30, 2025	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	21,700,000	—	—	—	21,100,000	—	20,100,000
Total stockholders’ equity	US$ in thousands	48,024,000	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
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	0.00	0.42	0.00	0.00	0.00	0.41	0.00	0.38

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 decline over the period from July 29, 2022, to April 30, 2025. The ratio decreased from 0.38 in July 2022 to 0.00 by April 2025. This trend indicates that the company has been reducing its reliance on debt to finance its operations and growth, relative to its equity. A debt-to-equity ratio of 0.00 implies that the company has either no debt or a minimal amount of debt compared to its equity. This could suggest a strong financial position and lower financial risk for the company, as it indicates a lower level of leverage. A decreasing debt-to-equity ratio is generally viewed positively by investors and creditors as it reflects a healthier balance sheet structure. However, it is essential to consider other financial metrics and factors when assessing the overall financial health and performance of the company.