Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Paying user area
Try for free
Medtronic PLC pages available for free this week:
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: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2026-01-23), 10-Q (reporting date: 2025-10-24), 10-Q (reporting date: 2025-07-25), 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).
The composition of liabilities and stockholders’ equity exhibited several notable trends over the observed period. Overall, total liabilities generally comprised between 42% and 47% of the total liabilities and equity, while stockholders’ equity accounted for the remaining 53% to 58%. Fluctuations within these broad categories reveal more specific shifts in the company’s financial structure.
- Current Debt Obligations
- Current debt obligations as a percentage of total liabilities and equity were initially low, around 1.60% in July 2019, before increasing significantly to a peak of 6.20% in July 2020. This was followed by a decline to approximately 1.21% by January 2021. A subsequent increase to 4.13% in July 2022 was observed, followed by a decrease to 0.21% in April 2023. The most recent periods show a slight increase, reaching 1.73% in July 2024 and 4.13% in October 2024, before decreasing again to 1.21% in January 2025 and 1.73% in April 2025. This suggests a pattern of short-term borrowing followed by repayment, with some recent volatility.
- Current Liabilities
- Current liabilities demonstrated an increasing trend from 9.33% in July 2019 to a high of 15.62% in July 2022. This was followed by a decrease to 9.95% in April 2023, then a slight increase to 11.99% in January 2024. The most recent data indicates a decrease to 11.46% in April 2024 and 13.54% in July 2024, before decreasing to 13.16% in October 2024. Components like accounts payable and accrued expenses contributed to this overall trend, remaining relatively stable as percentages of the total, but increasing in absolute terms alongside the overall increase in current liabilities.
- Long-Term Debt
- Long-term debt remained a substantial portion of the capital structure, consistently representing between 22.26% and 28.34% of total liabilities and equity. A slight decreasing trend was observed from 27.18% in July 2019 to 22.39% in April 2022, followed by a rebound to 26.77% in April 2023. The most recent periods show a continued increase, reaching 28.78% in July 2025. This suggests a reliance on long-term financing, with some adjustments over time.
- Shareholders’ Equity
- Shareholders’ equity generally comprised the majority of the company’s funding, ranging from approximately 52% to 58% of the total. Retained earnings consistently represented a significant portion of equity, fluctuating between 28.90% and 35.31%. Accumulated other comprehensive loss consistently reduced the overall equity position, becoming more negative over time, reaching -4.67% in July 2025. Additional paid-in capital remained relatively stable, fluctuating between 26.21% and 29.00%.
- Accrued Expenses
- Accrued compensation, accrued income taxes, and other accrued expenses collectively represented a significant portion of current liabilities. Accrued compensation and retirement benefits showed a slight decreasing trend over the period, while accrued income taxes exhibited more volatility, increasing from 0.55% in July 2019 to 1.48% in January 2024 before decreasing to 0.71% in October 2024. Other accrued expenses remained relatively stable, fluctuating between 3.30% and 4.32%.
In summary, the company’s financial structure demonstrated a balance between debt and equity financing. While current liabilities increased significantly through July 2022, they have since shown some moderation. Long-term debt remained a consistent component of the capital structure, and shareholders’ equity continued to represent the majority of funding, although impacted by accumulated other comprehensive loss.