Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Medtronic PLC, common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2026-07-31), 10-K (reporting date: 2026-04-24), 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).
The capital structure exhibits a consistent balance between liabilities and equity, with total liabilities generally fluctuating between 41% and 47% of the total balance sheet, while total equity typically ranges from 52% to 58%. A notable peak in equity occurred in July 2022 at 58.77%, followed by a gradual moderation toward 54.50% by July 2026.
- Debt Obligations and Liquidity
- Current debt obligations demonstrate significant volatility, characterized by cyclical spikes and troughs. Values peaked at 6.37% in July 2022 and dropped to near-zero levels in early 2021 and mid-2023, suggesting a tactical approach to short-term borrowing and repayment. Long-term debt represents a more substantial and stable portion of the financing mix, though it underwent a period of contraction between 2021 and mid-2022, reaching a low of 19.44% before trending upward to peak at 30.47% in January 2025.
- Current Liabilities Trends
- Total current liabilities fluctuated between 8.46% and 15.62%, with a peak in July 2022. Accounts payable showed a steady, gradual increase from 1.83% in July 2020 to 2.89% by July 2026. Other accrued expenses remained relatively stable, generally oscillating between 3.5% and 4.3% of the total liabilities and equity.
- Equity Composition and Internal Funding
- A clear divergence is observed between retained earnings and additional paid-in capital. Retained earnings grew steadily from 29.62% in July 2020 to 35.57% in July 2026, indicating a strong trend of profit retention and internal capital generation. Conversely, additional paid-in capital declined from 27.97% to 22.30% over the same period, suggesting that internally generated funds are becoming a more dominant component of equity than contributed capital.
- Deferred Obligations and Comprehensive Loss
- Deferred tax liabilities exhibited a consistent downward trend, decreasing from 1.31% in July 2020 to 0.37% in July 2026. Accumulated other comprehensive loss remained negative throughout the period, with a widening loss that peaked at -5.06% in January 2025 before recovering to -4.03% by July 2026.
Overall, the financial position is characterized by a shift toward higher retained earnings and a recent increase in long-term leverage, while short-term debt is managed with high frequency and volatility.