Stock Analysis on Net
Stock Analysis on Net
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Medtronic PLC (NYSE:MDT)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Medtronic PLC, common-size consolidated balance sheet: liabilities and stockholders’ equity

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Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015
Current debt obligations 3.06 0.93 2.25 7.53 1.00 2.28
Accounts payable 2.20 2.18 1.78 1.73 1.71 1.51
Accrued compensation 2.31 2.44 2.18 1.86 1.72 1.51
Accrued income taxes 0.55 0.63 1.07 0.63 0.57 0.88
Deferred tax liabilities 0.00 0.00 0.00 0.00 0.00 0.11
Other accrued expenses 3.30 3.26 3.75 2.45 2.19 2.31
Current liabilities held for sale 0.00 0.00 0.00 0.03 0.00 0.00
Current liabilities 11.43% 9.45% 11.03% 14.25% 7.18% 8.60%
Long-term debt 24.28 27.30 25.93 25.97 30.31 31.64
Accrued compensation and retirement benefits 2.11 1.84 1.56 1.64 1.76 1.44
Accrued income taxes 2.96 3.16 3.34 2.41 2.91 2.32
Deferred tax liabilities 1.29 1.42 1.56 2.98 3.74 4.41
Other liabilities 1.83 0.84 0.97 1.52 1.92 1.71
Noncurrent liabilities held for sale 0.00 0.00 0.00 0.72 0.00 0.00
Noncurrent liabilities 32.47% 34.57% 33.36% 35.24% 40.64% 41.51%
Total liabilities 43.90% 44.02% 44.39% 49.49% 47.82% 50.11%
Ordinary shares, par value $0.0001 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 28.85 29.58 30.78 29.61 32.30 0.00
Retained earnings 31.02 29.29 26.67 23.40 21.75 51.00
Accumulated other comprehensive loss -3.93 -3.02 -1.95 -2.62 -1.87 -1.11
Shareholders’ equity 55.95% 55.85% 55.50% 50.39% 52.18% 49.89%
Noncontrolling interests 0.15 0.13 0.11 0.12 0.00 0.00
Total equity 56.10% 55.98% 55.61% 50.51% 52.18% 49.89%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (filing date: 2020-06-19), 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-28), 10-K (filing date: 2015-06-23).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Medtronic PLC’s current liabilities as a percentage of total liabilities and equity decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Medtronic PLC’s noncurrent liabilities as a percentage of total liabilities and equity increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Medtronic PLC’s total liabilities as a percentage of total liabilities and equity decreased from 2018 to 2019 and from 2019 to 2020.
Shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Medtronic PLC’s shareholders’ equity as a percentage of total liabilities and equity increased from 2018 to 2019 and from 2019 to 2020.