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Medtronic Plc  (MDT)
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Medtronic Plc's Total Debt to Equity

MDT's quarterly Total Debt to Equity and Total Debt, Equity growth


Despite a net increase in borrowings by 0.41%, Medtronic Plc managed to enhance Total Debt to Equity in the third quarter 2023 to 0.48, falling below the company's typical Total Debt to Equity.

Within Medical Equipment & Supplies industry in the third quarter 2023, 33 other companies have achieved lower Total Debt to Equity than Medtronic Plc in the III Quarter 2023. While Total Debt to Equity total ranking has improved so far in the third quarter 2023 to 679, from total ranking in the second quarter 2023 at 1282 .

Explain Debt to Equity Ratio?
What is the structure of MDT´s Total Debt?
How valuable is the MDT´s Equity?


MDT Total 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 Total Debt Change -10.47 % -5.77 % 7.63 % 1.04 % 11.82 %
Total Debt to Equity MRQ 0.48 0.49 0.49 0.47 0.54
MDT's Total Ranking # 679 # 1282 # 1298 # 1371 # 838
Seq. Equity Change 0.68 % 0.55 % -0.58 % 0.09 % -0.84 %
Seq. Total Debt Change 0.41 % 0.39 % 2.54 % -13.38 % 5.68 %



Total Debt to Equity third quarter 2023 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 34
Healthcare Sector # 76
Overall Market # 679


Total Debt to Equity Statistics
High Average Low
0.84 0.56 0.23
(April 26. 2006)   (Jan. 25. 2005)




Financial Statements
Medtronic Plc's Equity $ 51,996 Millions Visit MDT's Balance sheet
Medtronic Plc's Total Debt $ 25,182 Millions Visit MDT's Balance sheet
Source of MDT's Sales Visit MDT's Sales by Geography


Cumulative Medtronic Plc's Total Debt to Equity

MDT's Total Debt to Equity for the trailling 12 Months

MDT Total 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 Total Debt TTM Growth -10.47 % -5.77 % 7.63 % 1.04 % 11.82 %
Total Debt to Equity TTM 0.48 0.5 0.5 0.49 0.49
Total Ranking TTM # 906 # 1537 # 1636 # 1656 # 1907
Seq. Equity TTM Growth 0.68 % 0.55 % -0.58 % 0.09 % -0.84 %
Seq. Total Debt TTM Growth 0.41 % 0.39 % 2.54 % -13.38 % 5.68 %


On the trailing twelve months basis Despite of the net new borrowings of 0.41% during the twelve months period ending in III Quarter 2023 Medtronic Plc has managed to decrease Total Debt to Equity in the III Quarter 2023 to 0.48, below Medtronic Plc's average Total Debt to Equity.
Total Debt to Equity is the average cumulative value over the last four quarters.

Among companies in the Medical Equipment & Supplies industry only one has achieved lower Total Debt to Equity. While Total Debt to Equity total ranking has improved so far to 682, from total ranking in previous 12 month period at 85.

Explain Debt to Equity Ratio?
What is the structure of MDT´s Total Debt?
How valuable is the MDT´s Equity?

TTM Total Debt to Equity Company Ranking
Within: No.
Within the Medical Equipment & Supplies Industry # 2
Healthcare Sector # 12
Within the Market # 679


trailing twelve months Total Debt to Equity Statistics
High Average Low
0.7 0.51 0.06
(Jan. 25. 2011)  




Companies with similar Total Debt to Equity in the quarter ending Jan 26 2024, within Medical Equipment & Supplies Industry Total Debt to EquityJan 26 2024 MRQ Total 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 $ 973.848  Millions$ 834.222  Millions
Shockwave Medical Inc   1.09 $ 731.863  Millions$ 668.677  Millions
Artivion Inc   1.09 $ 306.982  Millions$ 281.780  Millions
Haemonetics Corporation  0.92 $ 870.585  Millions$ 943.319  Millions
Tandem Diabetes Care Inc   0.91 $ 285.035  Millions$ 313.632  Millions
Integra Lifesciences Holdings Corp  0.89 $ 1,410.349  Millions$ 1,587.884  Millions
Icu Medical Inc  0.77 $ 1,628.770  Millions$ 2,123.410  Millions
Medinotec Inc   0.76 $ 1.581  Millions$ 2.075  Millions
Cadre Holdings Inc   0.71 $ 140.132  Millions$ 197.162  Millions
Merit Medical Systems Inc  0.68 $ 823.013  Millions$ 1,202.000  Millions
Bausch and Lomb Corp  0.66 $ 4,562.000  Millions$ 6,920.000  Millions
Masimo Corp  0.64 $ 871.700  Millions$ 1,364.800  Millions
Integer Holdings Corporation  0.63 $ 959.925  Millions$ 1,519.042  Millions
Msa Safety Incorporated  0.62 $ 601.692  Millions$ 966.802  Millions
Beyond Air Inc   0.62 $ 14.510  Millions$ 23.471  Millions
Glaukos Corp  0.61 $ 282.773  Millions$ 461.766  Millions
National Vision Holdings Inc   0.56 $ 461.251  Millions$ 829.418  Millions
Henry Schein Inc  0.55 $ 2,351.000  Millions$ 4,289.000  Millions
Steris Plc  0.51 $ 3,309.513  Millions$ 6,428.099  Millions
Silk Road Medical Inc   0.50 $ 75.626  Millions$ 151.151  Millions
Medtronic Plc  0.48 $ 25,182.000  Millions$ 51,996.000  Millions
Clearpoint Neuro Inc   0.47 $ 9.949  Millions$ 21.173  Millions
Boston Scientific Corporation  0.47 $ 9,102.000  Millions$ 19,530.000  Millions
Patterson Companies Inc   0.47 $ 452.344  Millions$ 972.165  Millions
Livanova Plc  0.46 $ 586.654  Millions$ 1,277.628  Millions
The Pennant Group Inc   0.44 $ 63.914  Millions$ 145.515  Millions
Teleflex Incorporated  0.41 $ 1,815.072  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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