Medtronic Balance Sheet Health
Financial Health criteria checks 5/6
Medtronic has a total shareholder equity of $52.0B and total debt of $25.1B, which brings its debt-to-equity ratio to 48.3%. Its total assets and total liabilities are $90.8B and $38.8B respectively. Medtronic's EBIT is $6.3B making its interest coverage ratio 46.4. It has cash and short-term investments of $8.3B.
Key information
48.3%
Debt to equity ratio
US$25.13b
Debt
Interest coverage ratio | 46.4x |
Cash | US$8.32b |
Equity | US$52.00b |
Total liabilities | US$38.84b |
Total assets | US$90.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0Y6X's short term assets ($22.5B) exceed its short term liabilities ($9.8B).
Long Term Liabilities: 0Y6X's short term assets ($22.5B) do not cover its long term liabilities ($29.0B).
Debt to Equity History and Analysis
Debt Level: 0Y6X's net debt to equity ratio (32.3%) is considered satisfactory.
Reducing Debt: 0Y6X's debt to equity ratio has reduced from 50.1% to 48.3% over the past 5 years.
Debt Coverage: 0Y6X's debt is well covered by operating cash flow (25.8%).
Interest Coverage: 0Y6X's interest payments on its debt are well covered by EBIT (46.4x coverage).