Medtronic Balance Sheet Health
Financial Health criteria checks 5/6
Medtronic has a total shareholder equity of $50.4B and total debt of $25.0B, which brings its debt-to-equity ratio to 49.6%. Its total assets and total liabilities are $90.0B and $39.6B respectively. Medtronic's EBIT is $6.5B making its interest coverage ratio 9. It has cash and short-term investments of $8.0B.
Key information
49.6%
Debt to equity ratio
US$25.02b
Debt
Interest coverage ratio | 9x |
Cash | US$8.01b |
Equity | US$50.42b |
Total liabilities | US$39.56b |
Total assets | US$89.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDT's short term assets ($21.9B) exceed its short term liabilities ($10.8B).
Long Term Liabilities: MDT's short term assets ($21.9B) do not cover its long term liabilities ($28.8B).
Debt to Equity History and Analysis
Debt Level: MDT's net debt to equity ratio (33.8%) is considered satisfactory.
Reducing Debt: MDT's debt to equity ratio has reduced from 50.4% to 49.6% over the past 5 years.
Debt Coverage: MDT's debt is well covered by operating cash flow (27.1%).
Interest Coverage: MDT's interest payments on its debt are well covered by EBIT (9x coverage).