Medtronic Balance Sheet Health
Financial Health criteria checks 3/6
Medtronic has a total shareholder equity of $48.2B and total debt of $27.8B, which brings its debt-to-equity ratio to 57.8%. Its total assets and total liabilities are $89.7B and $41.6B respectively. Medtronic's EBIT is $6.4B making its interest coverage ratio 45.5. It has cash and short-term investments of $7.8B.
Key information
57.8%
Debt to equity ratio
US$27.81b
Debt
| Interest coverage ratio | 45.5x |
| Cash | US$7.84b |
| Equity | US$48.16b |
| Total liabilities | US$41.59b |
| Total assets | US$89.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDT N's short term assets ($21.9B) exceed its short term liabilities ($10.3B).
Long Term Liabilities: MDT N's short term assets ($21.9B) do not cover its long term liabilities ($31.3B).
Debt to Equity History and Analysis
Debt Level: MDT N's net debt to equity ratio (41.5%) is considered high.
Reducing Debt: MDT N's debt to equity ratio has increased from 51.9% to 57.8% over the past 5 years.
Debt Coverage: MDT N's debt is well covered by operating cash flow (24.8%).
Interest Coverage: MDT N's interest payments on its debt are well covered by EBIT (45.5x coverage).