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
Does Medtronic (NYSE:MDT) Have A Healthy Balance Sheet?
Jan 16
Medtronic (NYSE:MDT) Seems To Use Debt Quite Sensibly
Oct 04Is Medtronic (NYSE:MDT) A Risky Investment?
Jun 21Recent updates
35% Undervalued? Medtronic's Future Looks Very Bright
Apr 12Medtronic: Buy This Dividend Aristocrat Diamond In The Rough Now
Mar 27Medtronic: Undervalued Medical Devices Stock With Robust Demand And Strong Dividend Growth
Mar 11Medtronic (NYSE:MDT) Has Announced A Dividend Of $0.69
Mar 11Medtronic: Its Recent Beat Proves That It Continues To Be A Rock
Feb 25Results: Medtronic plc Beat Earnings Expectations And Analysts Now Have New Forecasts
Feb 22Medtronic: A Good Choice For Dividend Investors Seeking For Low Volatility
Feb 16A Look At The Fair Value Of Medtronic plc (NYSE:MDT)
Jan 31Does Medtronic (NYSE:MDT) Have A Healthy Balance Sheet?
Jan 16Medtronic Stock's Rally Is Set To Continue
Jan 11Medtronic plc's (NYSE:MDT) Price Is Out Of Tune With Earnings
Dec 29Medtronic's (NYSE:MDT) Dividend Will Be $0.69
Dec 12Medtronic: The GLP-1 Drug Headwinds Are Overblown
Dec 103.5% Yield And Over 15% Annual Return Potential - I Really Like Medtronic
Nov 28Returns On Capital At Medtronic (NYSE:MDT) Have Hit The Brakes
Nov 19Medtronic: 3 Key Issues To Consider Ahead Of Fiscal Q2 2024 Earnings
Nov 17Medtronic Faces Potential Decline Despite Financial Strength
Oct 29An Intrinsic Calculation For Medtronic plc (NYSE:MDT) Suggests It's 21% Undervalued
Oct 19Medtronic (NYSE:MDT) Seems To Use Debt Quite Sensibly
Oct 04Medtronic: Improved Guidance, Historically Cheap P/E, Yield Reaches 3.5%
Sep 27Medtronic (NYSE:MDT) Is Paying Out A Dividend Of $0.69
Sep 18Medtronic: The Tide Is Turning
Aug 24Medtronic (NYSE:MDT) Is Paying Out A Dividend Of $0.69
Aug 21Medtronic: Dark Clouds Are Clearing - Outperformance Ahead
Aug 14Return Trends At Medtronic (NYSE:MDT) Aren't Appealing
Aug 11Medtronic: Expanding Product Portfolio Without Affecting Dividend Growth
Jul 15Are Medtronic plc (NYSE:MDT) Investors Paying Above The Intrinsic Value?
Jul 09Is Medtronic (NYSE:MDT) A Risky Investment?
Jun 21Medtronic: Weak Forecasts Spoiled Strong Results For The Reporting Quarter
Jun 21Is Medtronic's Dividend In A Good Place?
Jun 14Medtronic (NYSE:MDT) Is Increasing Its Dividend To $0.69
Jun 03Medtronic: Solid Q4 Earnings, Don't Fret About Guidance
May 26Investors Met With Slowing Returns on Capital At Medtronic (NYSE:MDT)
May 04Does This Valuation Of Medtronic plc (NYSE:MDT) Imply Investors Are Overpaying?
Mar 10Where Will Medtronic Stock Be In 4 Years?
Feb 17Medtronic: A Trend Change May Be Underway Ahead Of Earnings
Feb 06Medtronic recalls ~23K Mahurkar hemodialysis catheters
Jan 30Financial Position Analysis
Short Term Liabilities: MDT's short term assets ($22.5B) exceed its short term liabilities ($9.8B).
Long Term Liabilities: MDT's short term assets ($22.5B) do not cover its long term liabilities ($29.0B).
Debt to Equity History and Analysis
Debt Level: MDT's net debt to equity ratio (32.3%) is considered satisfactory.
Reducing Debt: MDT's debt to equity ratio has reduced from 50.1% to 48.3% over the past 5 years.
Debt Coverage: MDT's debt is well covered by operating cash flow (25.8%).
Interest Coverage: MDT's interest payments on its debt are well covered by EBIT (46.4x coverage).