Common-Size Balance Sheet: Assets
Paying user area
Try for free
Medtronic PLC pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Medtronic PLC for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Medtronic PLC, common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2026-04-24), 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30).
The asset structure of the organization is characterized by a heavy concentration in noncurrent assets, which consistently represent between 73% and 76% of total assets. A dominant portion of the balance sheet is comprised of intangible assets, specifically goodwill, which remains remarkably stable as a percentage of total assets, fluctuating narrowly between 44.52% and 45.78% over the analyzed period.
- Current Asset Composition and Liquidity
- Current assets have remained relatively stable, fluctuating between 23.83% and 26.64%. A notable shift is observed in the composition of these assets; while cash and cash equivalents experienced a significant decline from 4.08% in 2022 to a low of 1.43% in 2024 before a partial recovery, accounts receivable and inventories have shown consistent upward trends. Accounts receivable increased from 5.87% in 2021 to 7.14% in 2026, and inventories rose from 4.63% in 2021 to 6.40% in 2026, suggesting an increase in working capital requirements.
- Intangible Asset Trends
- There is a distinct divergence between goodwill and other intangible assets. While goodwill persists as the largest single asset component, other intangible assets, net, have undergone a steady and significant decline, dropping from 19.06% in 2021 to 10.91% in 2026. This consistent downward trajectory indicates the systematic amortization of these assets over time without corresponding acquisitions of a similar scale to offset the reduction.
- Fixed Asset and Long-term Investment Growth
- Property, plant, and equipment, net, have exhibited a steady growth pattern, increasing from 5.61% in 2021 to 7.97% in 2026. This trend points toward a gradual increase in the proportion of capital allocated to physical infrastructure. Simultaneously, investments have remained highly stable, maintaining a range between 7.05% and 7.82% of total assets.
Overall, the asset profile reveals a transition from a higher reliance on amortizable intangible assets toward a greater proportion of physical assets and operational current assets. The stability of goodwill suggests that the core valuation of the company's acquired businesses remains the primary driver of the total asset base, while the increase in receivables and inventory indicates a shift in the operational asset mix.