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Medtronic Plc  (MDT)
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Medtronic Plc's Working Capital Ratio

MDT's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Medtronic Plc's Current Assets grew by 1.96 % in the III Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Medtronic Plc's Working Capital Ratio to 2.3, Working Capital Ratio remained below Medtronic Plc average.

Within Medical Equipment & Supplies industry 50 other companies have achieved higher Working Capital Ratio than Medtronic Plc in third quarter 2023. While Working Capital Ratio total ranking has improved so far during the III Quarter 2023 to 752, from total ranking in the second quarter 2023 at 1970.

Explain Working Capital Ratio
How much in Current Assets MDT´s has?
What is the value of MDT´s Current Liabilities?


MDT Working Capital 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 Current Assets Change -11.24 % -13.06 % -1.2 % -6 % 8.84 %
Working Capital Ratio MRQ 2.3 2.29 2.42 2.39 1.76
MDT's Total Ranking # 752 # 1970 # 1949 # 2023 # 1231
Seq. Current Liabilities Change 1.39 % 6.76 % -0.04 % -37.24 % -0.3 %
Seq. Current Assets Change 1.96 % 0.97 % 0.9 % -14.54 % -0.13 %



Working Capital Ratio third quarter 2023 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 51
Healthcare Sector # 175
Overall Market # 752


Working Capital Ratio Statistics
High Average Low
5.39 2.43 1.32
(April 26. 2013)   (Jan. 25. 2013)




Financial Statements
Medtronic Plc's Current Liabilities $ 9,793 Millions Visit MDT's Balance sheet
Medtronic Plc's Current Assets $ 22,513 Millions Visit MDT's Balance sheet
Source of MDT's Sales Visit MDT's Sales by Geography


Cumulative Medtronic Plc's Working Capital Ratio

MDT's Working Capital Ratio for the trailling 12 Months

MDT Working Capital 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 Current Assets TTM Growth -11.24 % -13.06 % -1.2 % -6 % 8.84 %
Working Capital Ratio TTM 2.35 2.16 2.01 1.82 1.73
Total Ranking TTM # 579 # 3892 # 4134 # 4085 # 4736
Seq. Current Liabilities TTM Growth 1.39 % 6.76 % -0.04 % -37.24 % -0.3 %
Seq. Current Assets TTM Growth 1.96 % 0.97 % 0.9 % -14.54 % -0.13 %


On the trailing twelve months basis Current Liabilities decreased faster than Medtronic Plc's average Current Assets, this led to increase in in Medtronic Plc's Working Capital Ratio to 2.35, Working Capital Ratio remained below MDT average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Medical Equipment & Supplies industry 52 other companies have achieved higher Working Capital Ratio than Medtronic Plc. While Working Capital Ratio overall ranking has improved so far to 579, from total ranking during the twelve months ending second quarter 2023 at 3892.

Explain Working Capital Ratio
How much in Current Assets MDT´s has?
What is the value of MDT´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Medical Equipment & Supplies Industry # 53
Healthcare Sector # 176
Within the Market # 579


trailing twelve months Working Capital Ratio Statistics
High Average Low
4.05 2.35 1.49
(Dec. 30, 2013)   (Dec. 30, 2012)




Companies with similar Working Capital Ratio in the quarter ending Jan 26 2024, within Medical Equipment & Supplies Industry Working Capital RatioJan 26 2024 MRQ Current AssetsJan 26 2024 MRQ Current Liabilities
The Beauty Health Company  6.07 $ 698.252  Millions$ 115.008  Millions
Penumbra Inc   6.06 $ 915.402  Millions$ 151.144  Millions
Zynex inc   6.01 $ 87.855  Millions$ 14.607  Millions
Electromed Inc   5.97 $ 39.265  Millions$ 6.573  Millions
Merit Medical Systems Inc  5.79 $ 1,108.470  Millions$ 191.477  Millions
Tandem Diabetes Care Inc   5.57 $ 747.989  Millions$ 134.204  Millions
Glaukos Corp  5.34 $ 395.461  Millions$ 74.014  Millions
Anika Therapeutics Inc   5.26 $ 163.309  Millions$ 31.059  Millions
Monogram Orthopaedics inc   5.19 $ 14.618  Millions$ 2.818  Millions
Nephros Inc   5.04 $ 8.405  Millions$ 1.667  Millions
Neuronetics inc   4.95 $ 93.793  Millions$ 18.967  Millions
Globus Medical Inc   4.88 $ 1,915.374  Millions$ 392.347  Millions
Clearpoint Neuro Inc   4.87 $ 36.172  Millions$ 7.430  Millions
Artivion Inc   4.85 $ 280.668  Millions$ 57.862  Millions
Intuitive Surgical Inc   4.76 $ 7,888.000  Millions$ 1,658.700  Millions
Koru Medical Systems Inc  4.55 $ 20.256  Millions$ 4.454  Millions
Bone Biologics Corporation  4.50 $ 3.738  Millions$ 0.831  Millions
Aethlon Medical Inc   3.93 $ 8.249  Millions$ 2.101  Millions
Tactile Systems Technology Inc   3.80 $ 145.294  Millions$ 38.250  Millions
Integra Lifesciences Holdings Corp  3.74 $ 1,058.036  Millions$ 283.156  Millions
Neuroone Medical Technologies Corporation  3.68 $ 5.093  Millions$ 1.383  Millions
Pro dex Inc   3.66 $ 36.600  Millions$ 9.990  Millions
Inovio Pharmaceuticals Inc   3.60 $ 153.113  Millions$ 42.570  Millions
Atricure Inc   3.57 $ 266.246  Millions$ 74.569  Millions
Mimedx Group Inc   3.57 $ 164.261  Millions$ 46.008  Millions
Insulet Corporation  3.51 $ 1,582.900  Millions$ 451.200  Millions
Beyond Air Inc   3.39 $ 39.439  Millions$ 11.641  Millions
Edwards Lifesciences Corporation  3.38 $ 4,035.700  Millions$ 1,195.400  Millions
Rewalk Robotics Ltd   3.33 $ 39.222  Millions$ 11.795  Millions
Quoin Pharmaceuticals Ltd   3.15 $ 11.286  Millions$ 3.582  Millions

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



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