Medtronic PLC (MDT)

Solvency ratios

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
Debt-to-assets 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 0.24 0.00 0.00 0.00 0.23 0.00 0.22
Debt-to-capital 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 0.30 0.00 0.00 0.00 0.29 0.00 0.28
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
Financial leverage ratio 1.91 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

Medtronic PLC's solvency ratios indicate the company's ability to meet its long-term financial obligations. The Debt-to-assets ratio fluctuated between 0.00 and 0.24 over the reporting periods, with lower ratios indicating a lower reliance on debt to finance assets. The company maintained a consistent Debt-to-capital ratio of 0.00, implying a minimal use of debt in its capital structure.

The Debt-to-equity ratio also remained at 0.00 across all periods, demonstrating a strong financial position with a low level of debt relative to equity. The Financial leverage ratio ranged from 1.71 to 1.91, showing a relatively stable leverage position with only a slight increase over time.

Overall, Medtronic PLC's solvency ratios suggest a prudent financial strategy with a conservative approach to leverage and debt management, positioning the company well to weather economic uncertainties and maintain financial stability.


Coverage ratios

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
Interest coverage 6.68 8.87 7.76 7.69 7.81 7.63 8.46 8.75 8.82 9.03 9.29 9.21 9.24 9.71 10.49 9.89 9.36 9.71 9.69 10.94

Medtronic PLC's interest coverage ratio has been fluctuating over the past few years based on the provided data. The interest coverage ratio measures the company's ability to meet its interest obligations on outstanding debt. A higher interest coverage ratio indicates that the company is more capable of servicing its debt.

The interest coverage ratio for Medtronic PLC ranged between 6.68 and 10.94 from April 30, 2025, to July 29, 2022, respectively. The ratio has shown a general downward trend over the period, suggesting that the company may be facing challenges in meeting its interest payment obligations relative to its earnings.

It is important for investors and creditors to monitor the interest coverage ratio as a declining trend could indicate financial distress and a potential inability to meet debt obligations. Medtronic PLC should focus on improving its interest coverage ratio by generating more income or reducing its interest expenses to ensure financial stability and sustainability in the long run.


See also:

Medtronic PLC Solvency Ratios (Quarterly Data)