Medtronic PLC (MDT)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 89,973,000 | 90,042,000 | 89,749,000 | 89,981,000 | 89,981,000 | 90,836,000 | 90,836,000 | 90,087,000 | 90,087,000 | 90,776,000 | 90,776,000 | 90,948,000 | 90,948,000 | 94,134,000 | 94,134,000 | 93,241,000 | 93,241,000 | 89,914,000 | 89,914,000 | 90,981,000 |
| 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 |
| Financial leverage ratio | 1.82 | 1.86 | 1.87 | 1.79 | 1.79 | 1.75 | 1.75 | 1.75 | 1.75 | 1.77 | 1.77 | 1.77 | 1.77 | 1.83 | 1.83 | 1.80 | 1.80 | 1.71 | 1.71 | 1.73 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $89,973,000K ÷ $49,387,000K
= 1.82
The financial leverage ratio of Medtronic PLC has exhibited some fluctuations over the period from April 2022 to January 2025. The ratio started at 1.73 in April 2022 and remained relatively stable around 1.71 during July and October of 2022. There was a slight increase to 1.80 in October 2022 and January 2023, followed by a dip to 1.77 in April and July 2023.
Subsequently, the ratio climbed back to 1.75 in October 2023 and January 2024 before rising to 1.79 in April 2024. It then saw a notable increase to 1.87 in July 2024, which was the highest level recorded during the period. The ratio slightly decreased to 1.86 by October 2024 and further dropped to 1.82 by January 2025.
Overall, the financial leverage ratio of Medtronic PLC has shown some fluctuations, indicating changes in the company's debt levels relative to its equity over the analyzed period. This may suggest varying degrees of financial risk and leverage employed by the company in its operations and capital structure.
Peer comparison
Jan 31, 2025