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Medtronic Plc  (MDT)
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Medtronic Plc's Quick Ratio

MDT's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Medtronic Plc's Cash & cash equivalent grew by 7.59 % in the III Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Medtronic Plc's Quick Ratio to 0.85, Quick Ratio remained below Medtronic Plc average.

Within Medical Equipment & Supplies industry 36 other companies have achieved higher Quick Ratio than Medtronic Plc in third quarter 2023. While Quick Ratio total ranking has improved so far during the III Quarter 2023 to 662, from total ranking in the second quarter 2023 at 1740.

Explain Quick Ratio?
How much Cash & cash equivalents MDT´s has?
What are MDT´s Current Liabilities?


MDT Quick Ratio (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 Current Liabilities Change -32.1 % -33.23 % -35.6 % -26.97 % 61.55 %
Y / Y Cash & cash equivalent Change -25.29 % -32.34 % -11.24 % -24.72 % -0.75 %
Quick Ratio MRQ 0.85 0.8 0.87 0.88 0.77
MDT's Total Ranking # 662 # 1740 # 1807 # 1979 # 913
Seq. Current Liabilities Change 1.39 % 6.76 % -0.04 % -37.24 % -0.3 %
Seq. Cash & cash equivalent Change 7.59 % -1.8 % -1.04 % -28.54 % -2.56 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 37
Healthcare Sector # 144
Overall Market # 662


Quick Ratio Statistics
High Average Low
3.36 1.1 0.35
(April 26. 2013)   (Jan. 25. 2013)




Financial Statements
Medtronic Plc's Current Liabilities $ 9,793 Millions Visit MDT's Balance sheet
Medtronic Plc's Cash & cash equivalent $ 8,321 Millions Visit MDT's Balance sheet
Source of MDT's Sales Visit MDT's Sales by Geography


Cumulative Medtronic Plc's Quick Ratio

MDT's Quick Ratio for the trailling 12 Months

MDT Quick Ratio

(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 Current Liabilities TTM Growth -32.1 % -33.23 % -35.6 % -26.97 % 61.55 %
Y / Y Cash & cash equivalent TTM Growth -25.29 % -32.34 % -11.24 % -24.72 % -0.75 %
Quick Ratio TTM 0.85 0.82 0.82 0.76 0.76
Total Ranking TTM # 758 # 1546 # 1683 # 1907 # 2293
Seq. Current Liabilities TTM Growth 1.39 % 6.76 % -0.04 % -37.24 % -0.3 %
Seq. Cash & cash equivalent TTM Growth 7.59 % -1.8 % -1.04 % -28.54 % -2.56 %


On the trailing twelve months basis Current Liabilities decreased faster than Medtronic Plc's average Cash & cash equivalent, this led to increase in in Medtronic Plc's Quick Ratio to 0.85, Quick Ratio remained below MDT average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Medical Equipment & Supplies industry 109 other companies have achieved higher Quick Ratio than Medtronic Plc. While Quick Ratio overall ranking has improved so far to 1477, from total ranking during the twelve months ending second quarter 2023 at 3770.

Explain Quick Ratio?
How much Cash & cash equivalents MDT´s has?
What are MDT´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Medical Equipment & Supplies Industry # 110
Healthcare Sector # 405
Within the Market # 662


trailing twelve months Quick Ratio Statistics
High Average Low
2.6 1.04 0.4
(Dec. 30, 2013)   (Dec. 30, 2012)




Companies with similar Quick Ratio in the quarter ending Jan 26 2024, within Medical Equipment & Supplies Industry Quick RatioJan 26 2024 MRQ Cash & cash equivalentJan 26 2024 MRQ Current Liabilities
Genedx Holdings Corp   2.21 $ 130.148  Millions$ 58.818  Millions
Neuroone Medical Technologies Corporation  1.94 $ 2.681  Millions$ 1.383  Millions
Penumbra Inc   1.91 $ 289.187  Millions$ 151.144  Millions
Modular Medical Inc   1.90 $ 2.047  Millions$ 1.077  Millions
Atricure Inc   1.84 $ 137.285  Millions$ 74.569  Millions
Mimedx Group Inc   1.78 $ 82.000  Millions$ 46.008  Millions
Livanova Plc  1.73 $ 577.872  Millions$ 334.983  Millions
Warby Parker Inc   1.71 $ 216.894  Millions$ 127.090  Millions
Tactile Systems Technology Inc   1.60 $ 61.033  Millions$ 38.250  Millions
Electromed Inc   1.59 $ 10.434  Millions$ 6.573  Millions
Inari Medical Inc   1.51 $ 115.452  Millions$ 76.339  Millions
Si bone inc   1.51 $ 33.271  Millions$ 22.040  Millions
Irhythm Technologies Inc   1.50 $ 133.764  Millions$ 88.905  Millions
Stereotaxis Inc   1.50 $ 19.818  Millions$ 13.247  Millions
Edwards Lifesciences Corporation  1.38 $ 1,644.500  Millions$ 1,195.400  Millions
Electrocore Inc   1.29 $ 10.331  Millions$ 8.034  Millions
West Pharmaceutical Services Inc   1.27 $ 853.900  Millions$ 671.800  Millions
Autonomix Medical Inc   1.25 $ 1.218  Millions$ 0.973  Millions
Biolife Solutions Inc   1.23 $ 51.695  Millions$ 42.178  Millions
Envista Holdings Corporation  1.20 $ 940.000  Millions$ 780.800  Millions
Nuwellis Inc   1.20 $ 3.800  Millions$ 3.172  Millions
Integra Lifesciences Holdings Corp  1.09 $ 309.096  Millions$ 283.156  Millions
Artivion Inc   1.02 $ 58.940  Millions$ 57.862  Millions
Privia Health Group Inc   1.01 $ 389.511  Millions$ 383.909  Millions
Cytosorbents Corporation  0.97 $ 14.131  Millions$ 14.546  Millions
Cadre Holdings Inc   0.92 $ 87.691  Millions$ 95.206  Millions
Embecta Corp   0.91 $ 298.700  Millions$ 326.600  Millions
Medtronic Plc  0.85 $ 8,321.000  Millions$ 9,793.000  Millions
Innovage Holding Corp   0.80 $ 98.771  Millions$ 123.132  Millions
Angiodynamics Inc   0.78 $ 60.896  Millions$ 78.037  Millions

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



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