Ratios (Summary)
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Medtronic Inc., liquidity ratios
| Apr 29, 2011 | Apr 30, 2010 | Apr 24, 2009 | Apr 25, 2008 | Apr 27, 2007 | Apr 28, 2006 | ||
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Current ratio | |
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Quick ratio | |
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Cash ratio | |
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Source: Based on data from Medtronic Inc. Annual Reports
| Ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Medtronic Inc.'s current ratio deteriorated from 2009 to 2010 but then slightly improved from 2010 to 2011. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Medtronic Inc.'s quick ratio deteriorated from 2009 to 2010 and from 2010 to 2011. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Medtronic Inc.'s cash ratio improved from 2009 to 2010 but then deteriorated significantly from 2010 to 2011. |