Medtronic Balance Sheet Health
Financial Health criteria checks 5/6
Medtronic has a total shareholder equity of $51.7B and total debt of $24.3B, which brings its debt-to-equity ratio to 47%. Its total assets and total liabilities are $90.9B and $39.3B respectively. Medtronic's EBIT is $5.7B making its interest coverage ratio 22.7. It has cash and short-term investments of $8.0B.
Key information
47.0%
Debt to equity ratio
US$24.30b
Debt
Interest coverage ratio | 22.7x |
Cash | US$7.96b |
Equity | US$51.67b |
Total liabilities | US$39.28b |
Total assets | US$90.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDTD's short term assets ($21.7B) exceed its short term liabilities ($9.1B).
Long Term Liabilities: MDTD's short term assets ($21.7B) do not cover its long term liabilities ($30.2B).
Debt to Equity History and Analysis
Debt Level: MDTD's net debt to equity ratio (31.6%) is considered satisfactory.
Reducing Debt: MDTD's debt to equity ratio has reduced from 50.8% to 47% over the past 5 years.
Debt Coverage: MDTD's debt is well covered by operating cash flow (24.9%).
Interest Coverage: MDTD's interest payments on its debt are well covered by EBIT (22.7x coverage).