Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
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Medtronic PLC, common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-K (reporting date: 2025-04-25), 10-Q (reporting date: 2025-01-24), 10-Q (reporting date: 2024-10-25), 10-Q (reporting date: 2024-07-26), 10-K (reporting date: 2024-04-26), 10-Q (reporting date: 2024-01-26), 10-Q (reporting date: 2023-10-27), 10-Q (reporting date: 2023-07-28), 10-K (reporting date: 2023-04-28), 10-Q (reporting date: 2023-01-27), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-K (reporting date: 2022-04-29), 10-Q (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-K (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-K (reporting date: 2020-04-24), 10-Q (reporting date: 2020-01-24), 10-Q (reporting date: 2019-10-25), 10-Q (reporting date: 2019-07-26).
- Current debt obligations
- The proportion of current debt obligations relative to total liabilities and equity exhibits notable fluctuations. It increased sharply from 0.91% in January 2020 to a peak of 6.37% in July 2022, followed by a significant decline to as low as 0.01-0.02% during April 2021 and April 2023. In recent periods leading through 2025, current debt obligations have stabilized at a moderate range between 2.9% and 4.1%.
- Accounts payable
- Accounts payable remain relatively stable throughout the entire period, oscillating mildly between approximately 1.8% and 2.7% of total liabilities and equity. No significant upward or downward trend is present, indicating consistent short-term payment obligations.
- Accrued compensation
- Accrued compensation as a percentage of total liabilities and equity shows some variability but remains generally within the 1.85% to 2.74% range. Peaks occurred around April 2020 and January 2025, with somewhat lower ratios observed in late 2022 and mid-2023.
- Accrued income taxes
- Accrued income taxes show a gradual weakening in earlier periods (dropping from 0.55% to a low of about 0.37% in July 2021), then a progressive increase from mid-2021 onward, reaching up to 1.48% by April 2025. This suggests increasing tax liabilities or accruals as a share of the financial structure.
- Other accrued expenses
- These expenses maintain a stable profile ranging between approximately 3.3% and 4.3%. Occasional minor increases and declines are observed, but overall, there is steady maintenance of other accrued expense levels relative to total liabilities and equity.
- Current liabilities
- Current liabilities as a proportion of total liabilities and equity exhibit significant volatility. Peaks are evident in mid-2020 through mid-2022 where levels range between roughly 13.6% and 15.6%, followed by declines to around 8-10% in several interim quarters. The latter part of the timeline shows a trend back toward higher current liabilities, reaching above 14% by April 2025.
- Long-term debt
- Long-term debt maintains a dominant and relatively stable proportion of total liabilities and equity, predominantly ranging from 22% to 29%. There is a moderate declining trend between 2019 and mid-2022, reaching a low near 19%, followed by a gradual increase again to nearly 28% by the end of the period.
- Accrued compensation and retirement benefits
- This liability category consistently hovers around 1.1% to 2.1%. Notable decreases are seen from early 2020 toward mid-2022, stabilizing closer to approximately 1.2% in the latest quarters.
- Accrued income taxes (long-term)
- Non-current accrued income taxes exhibit a declining trajectory from around 3.15% in 2019 down to 1.59%-1.72% in 2024-2025, indicating reduced long-term tax accruals relative to the total financial base.
- Deferred tax liabilities
- Deferred tax liabilities show a steady decrease from just above 1.4% early in the timeline down to below 0.5% by 2025, reflecting a diminished deferred tax burden over time.
- Other liabilities
- Other liabilities are stable, fluctuating moderately between 1.5% and 1.9%, with no significant trend upward or downward.
- Noncurrent liabilities (total)
- Noncurrent liabilities gradually decline from about 35% in 2019 toward a low near 25.6% in mid-2022 before increasing again to around 33% by early 2025. This pattern suggests restructuring or repayments followed by new or increased long-term obligations emerging.
- Total liabilities
- Total liabilities as a percentage of total liabilities and equity fluctuate modestly in a range from about 42% to 47.5%. The lowest points appear around mid-2022, while peaks occur in mid-2020 and early 2025, indicating slight cyclical variations in overall liability exposure.
- Additional paid-in capital
- This shareholder equity component consistently decreases over the observed periods, falling from 29% in 2019 to approximately 22.7% by 2025, signaling either share repurchases, capital return, or other equity adjustments reducing this balance.
- Retained earnings
- Retained earnings show a generally positive trend, rising from about 29% at the start toward a peak above 34% in early 2025. This supports the notion of accumulated profitability or earnings retention increasing the equity base.
- Accumulated other comprehensive loss
- The accumulated other comprehensive loss category exhibits notable volatility and a worsening trend during 2019 through early 2023, declining from about -2.7% to approximately -4.7%. Some recovery and fluctuations occur thereafter but losses remain elevated relative to the start period.
- Shareholders’ equity (total)
- The total shareholders' equity percentage declines slightly from around 55% in 2019 to approximately 52% by early 2025 with some variability in-between, mainly driven by reductions in paid-in capital and fluctuations in accumulated losses despite increases in retained earnings.
- Noncontrolling interests
- Noncontrolling interests show a gradual increase from around 0.15% to approximately 0.25%, suggesting a growing minority stake component within the equity section.
- Total equity
- Total equity as a share of total liabilities and equity decreases from roughly 55.3% to about 52.6% over the period. This shift reflects a modest decline in the equity portion relative to total capitalization, aligned with the observed changes in paid-in capital and accumulated comprehensive loss.
- Total liabilities and equity
- The sum consistently equals 100%, confirming the balanced nature of the reported financial positions.