Medtronic PLC (MDT)
Financial leverage ratio
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 89,981,000 | 90,948,000 | 90,981,000 | 93,083,000 | 90,689,000 |
| Total stockholders’ equity | US$ in thousands | 50,214,000 | 51,483,000 | 52,551,000 | 51,428,000 | 50,737,000 |
| Financial leverage ratio | 1.79 | 1.77 | 1.73 | 1.81 | 1.79 |
April 26, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $89,981,000K ÷ $50,214,000K
= 1.79
The financial leverage ratio of Medtronic PLC has shown fluctuations over the past five years. The ratio indicates the proportion of the company's debt relative to its equity. The trend shows some variability, with the ratio ranging from 1.73 to 1.81 over the period. In 2021, the ratio was at its highest point of 1.81, suggesting a relatively higher level of debt compared to equity. In comparison, the ratio in 2022 dropped to 1.73, indicating a lower proportion of debt in the capital structure. However, in the most recent year, the ratio increased again to 1.79, similar to the starting point of the period. Overall, the financial leverage ratio of Medtronic PLC has remained around 1.79 on average, indicating a consistent balance between debt and equity in the company's capital structure.
Peer comparison
Apr 26, 2024