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Medtronic Plc  (MDT)
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Medtronic Plc's Long Term Debt to Equity

MDT's quarterly Long Term Debt to Equity and Long Term Debt, Equity growth


Despite a net increase in long-term borrowings by 1.74%, Medtronic Plc managed to enhance Long Term Debt to Equity in the third quarter 2023 to 0.46, falling below the company's typical Long Term Debt to Equity.

Within Medical Equipment & Supplies industry in the third quarter 2023, 23 other companies have achieved lower Long Term Debt to Equity than Medtronic Plc in the III Quarter 2023. While Long Term Debt to Equity total ranking has improved so far in the third quarter 2023 to 570, from total ranking in the second quarter 2023 at 1225 .

Explain Long Term Debt to Equity Ratio?
How much Long Term Debt MDT´s has?
What is the structure of MDT´s Equity?


MDT Long Term Debt to Equity (Jan 26 2024)
III. Quarter
(Oct 27 2023)
II. Quarter
(Jul 28 2023)
I. Quarter
(Apr 28 2023)
IV. Quarter
(Jan 27 2023)
III. Quarter
Y / Y Equity Change 0.73 % -0.79 % -2.8 % -2 % -2.08 %
Y / Y Long Term Debt Change 8.75 % 14.4 % 39.94 % 19.5 % -8.56 %
Long Term Debt to Equity MRQ 0.46 0.46 0.48 0.47 0.43
MDT's Total Ranking # 570 # 1225 # 1223 # 1318 # 1390
Seq. Equity Change 0.68 % 0.55 % -0.58 % 0.09 % -0.84 %
Seq. Long Term Debt Change 1.74 % -2.95 % 0.49 % 9.61 % 7.02 %



Long Term Debt to Equity third quarter 2023 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 24
Healthcare Sector # 54
Overall Market # 570


Long Term Debt to Equity Statistics
High Average Low
0.59 0.46 0.09
(Jul 29 2016)   (Jan. 25. 2006)




Financial Statements
Medtronic Plc's Equity $ 51,996 Millions Visit MDT's Balance sheet
Medtronic Plc's Long Term Debt $ 24,153 Millions Visit MDT's Balance sheet
Source of MDT's Sales Visit MDT's Sales by Geography


Cumulative Medtronic Plc's Long Term Debt to Equity

MDT's Long Term Debt to Equity for the trailling 12 Months

MDT Long Term Debt to Equity

(Jan 26 2024)
III. Quarter
(Oct 27 2023)
II. Quarter
(Jul 28 2023)
I. Quarter
(Apr 28 2023)
IV. Quarter
(Jan 27 2023)
III. Quarter
Y / Y Equity TTM Growth 0.73 % -0.79 % -2.8 % -2 % -2.08 %
Y / Y Long Term Debt TTM Growth 8.75 % 14.4 % 39.94 % 19.5 % -8.56 %
Long Term Debt to Equity TTM 0.47 0.46 0.44 0.41 0.39
Total Ranking TTM # 23 # 1421 # 86 # 78 # 1559
Seq. Equity TTM Growth 0.68 % 0.55 % -0.58 % 0.09 % -0.84 %
Seq. Long Term Debt TTM Growth 1.74 % -2.95 % 0.49 % 9.61 % 7.02 %


On the trailing twelve months basis Due to the net new long-term borrowings of 1.74% during the trailing twelve months finishing in the III Quarter 2023, cumulativeLong Term Debt to Equity improved to 0.47, below the Medtronic Plc's average Long Term Debt to Equity.
Long Term Debt to Equity is the average cumulative value over the last four quarters.

Among companies in the Medical Equipment & Supplies industry MDT recorded the lowest Long Term Debt to Equity. While Long Term Debt to Equity total ranking has improved so far to 23, from total ranking in previous 12 month period at 1421.

Explain Long Term Debt to Equity Ratio?
How much Long Term Debt MDT´s has?
What is the structure of MDT´s Equity?

TTM Long Term Debt to Equity Company Ranking
Within: No.
Within the Medical Equipment & Supplies Industry # 1
Healthcare Sector # 3
Within the Market # 23


trailing twelve months Long Term Debt to Equity Statistics
High Average Low
0.55 0.47 0.31
(Jan. 25. 2007)   (July 26. 2006)




Companies with similar Long Term Debt to Equity in the quarter ending Jan 26 2024, within Medical Equipment & Supplies Industry Long Term Debt to EquityJan 26 2024 MRQ Long Term DebtJan 26 2024 MRQ Equity
Zynex inc   1.25 $ 57.605  Millions$ 46.129  Millions
Dexcom Inc   1.18 $ 2,434.200  Millions$ 2,068.600  Millions
Conmed Corporation  1.17 $ 973.140  Millions$ 834.222  Millions
Shockwave Medical Inc   1.09 $ 731.863  Millions$ 668.677  Millions
Artivion Inc   1.08 $ 305.531  Millions$ 281.780  Millions
Tandem Diabetes Care Inc   0.91 $ 285.035  Millions$ 313.632  Millions
Haemonetics Corporation  0.91 $ 856.849  Millions$ 943.319  Millions
Integra Lifesciences Holdings Corp  0.88 $ 1,395.818  Millions$ 1,587.884  Millions
Medinotec Inc   0.76 $ 1.581  Millions$ 2.075  Millions
Icu Medical Inc  0.74 $ 1,577.770  Millions$ 2,123.410  Millions
Merit Medical Systems Inc  0.68 $ 823.013  Millions$ 1,202.000  Millions
Bausch and Lomb Corp  0.65 $ 4,532.000  Millions$ 6,920.000  Millions
Cadre Holdings Inc   0.65 $ 127.812  Millions$ 197.162  Millions
Masimo Corp  0.64 $ 871.700  Millions$ 1,364.800  Millions
Integer Holdings Corporation  0.63 $ 959.925  Millions$ 1,519.042  Millions
Beyond Air Inc   0.61 $ 14.380  Millions$ 23.471  Millions
Glaukos Corp  0.61 $ 282.773  Millions$ 461.766  Millions
Msa Safety Incorporated  0.59 $ 575.170  Millions$ 966.802  Millions
National Vision Holdings Inc   0.54 $ 450.771  Millions$ 829.418  Millions
Steris Plc  0.50 $ 3,231.075  Millions$ 6,428.099  Millions
Silk Road Medical Inc   0.50 $ 75.626  Millions$ 151.151  Millions
Clearpoint Neuro Inc   0.47 $ 9.949  Millions$ 21.173  Millions
Medtronic Plc  0.46 $ 24,153.000  Millions$ 51,996.000  Millions
Patterson Companies Inc   0.46 $ 448.219  Millions$ 972.165  Millions
Henry Schein Inc  0.45 $ 1,937.000  Millions$ 4,289.000  Millions
Livanova Plc  0.44 $ 568.543  Millions$ 1,277.628  Millions
The Pennant Group Inc   0.44 $ 63.914  Millions$ 145.515  Millions
Boston Scientific Corporation  0.44 $ 8,571.000  Millions$ 19,530.000  Millions
Teleflex Incorporated  0.39 $ 1,727.572  Millions$ 4,440.988  Millions
Cvrx inc  0.38 $ 29.222  Millions$ 75.947  Millions

Date modified: 2024-02-28T14:58:19+00:00



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