Medtronic Balance Sheet Health
Financial Health criteria checks 3/6
Medtronic has a total shareholder equity of $48.7B and total debt of $28.3B, which brings its debt-to-equity ratio to 58.1%. Its total assets and total liabilities are $90.0B and $41.3B respectively. Medtronic's EBIT is $6.6B making its interest coverage ratio 39.1. It has cash and short-term investments of $8.0B.
Key information
58.1%
Debt to equity ratio
US$28.33b
Debt
| Interest coverage ratio | 39.1x |
| Cash | US$7.99b |
| Equity | US$48.72b |
| Total liabilities | US$41.33b |
| Total assets | US$90.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDTC34's short term assets ($22.4B) exceed its short term liabilities ($12.2B).
Long Term Liabilities: MDTC34's short term assets ($22.4B) do not cover its long term liabilities ($29.1B).
Debt to Equity History and Analysis
Debt Level: MDTC34's net debt to equity ratio (41.7%) is considered high.
Reducing Debt: MDTC34's debt to equity ratio has increased from 50.5% to 58.1% over the past 5 years.
Debt Coverage: MDTC34's debt is well covered by operating cash flow (25.4%).
Interest Coverage: MDTC34's interest payments on its debt are well covered by EBIT (39.1x coverage).