Analysis of Debt
Total Debt (Carrying Amount)
Medtronic PLC, balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27).
| Debt item | Description | The company |
|---|---|---|
| Total debt (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Medtronic PLC total debt decreased from 2021 to 2022 but then slightly increased from 2022 to 2023. |
Total Debt (Fair Value)
| Apr 28, 2023 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Senior Notes | 21,700) |
| Bank borrowings | 13) |
| Finance lease obligations | 64) |
| Total debt (fair value) | 21,777) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.89 |
Based on: 10-K (reporting date: 2023-04-28).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt: 2.53%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 0.44% | 1,097) | 5) | |
| 2.86% | 549) | 16) | |
| 0.23% | 1,097) | 3) | |
| 1.25% | 1,646) | 21) | |
| 4.42% | 1,000) | 44) | |
| 3.09% | 1,097) | 34) | |
| 0.51% | 1,097) | 6) | |
| 1.75% | 1,097) | 19) | |
| 1.06% | 1,097) | 12) | |
| 3.25% | 1,097) | 36) | |
| 0.81% | 1,097) | 9) | |
| 4.62% | 1,000) | 46) | |
| 3.44% | 1,097) | 38) | |
| 4.47% | 1,932) | 86) | |
| 4.67% | 253) | 12) | |
| 2.34% | 1,097) | 26) | |
| 6.56% | 158) | 10) | |
| 1.58% | 1,097) | 17) | |
| 5.58% | 224) | 12) | |
| 1.46% | 1,097) | 16) | |
| 4.54% | 105) | 5) | |
| 4.09% | 305) | 12) | |
| 4.67% | 127) | 6) | |
| 4.69% | 1,813) | 85) | |
| 1.87% | 1,097) | 21) | |
| 1.75% | 1,097) | 19) | |
| 9.91% | 64) | 6) | |
| Total | 24,534) | 621) | |
| 2.53% | |||
Based on: 10-K (reporting date: 2023-04-28).
1 US$ in millions
2 Weighted-average interest rate = 100 × 621 ÷ 24,534 = 2.53%