Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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Medtronic PLC pages available for free this week:
- Cash Flow Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
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Medtronic PLC, consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
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).
An examination of the balance sheet information reveals several noteworthy trends in liabilities and stockholders’ equity over the observed period. Current liabilities demonstrate considerable fluctuation, while long-term debt exhibits relative stability with some notable shifts. Equity shows a general pattern of growth followed by a recent decline.
- Current Liabilities
- Current liabilities experienced significant volatility. Beginning at approximately US$8.5 billion, they increased substantially to a peak of US$13.1 billion before decreasing to around US$10.8 billion in more recent quarters. Within this overall pattern, specific components contribute to the fluctuations. Accounts payable remained relatively stable, generally between US$1.7 billion and US$2.7 billion, with a slight upward trend in the latter part of the period. Accrued compensation showed a consistent increase until late 2023, peaking at over US$2.5 billion, then decreased. Accrued income taxes also displayed variability, with a notable increase in the most recent quarters. Current debt obligations experienced a dramatic increase in mid-2020, followed by a decline and then another increase in late 2023 before decreasing again.
- Long-Term Debt
- Long-term debt remained relatively consistent between approximately US$22 billion and US$27 billion for much of the period. A noticeable increase occurred between late 2020 and early 2021, followed by a decrease. A subsequent increase is observed in 2023, before a slight decrease in the most recent quarters. This suggests active debt management, potentially involving refinancing or new issuances.
- Shareholders’ Equity
- Total shareholders’ equity generally increased from around US$50.4 billion to a peak of approximately US$52.8 billion in mid-2022. However, a downward trend is evident in the latter part of the period, with equity declining to around US$48.2 billion in the most recent quarter. This decline appears to be driven by a decrease in retained earnings, coupled with an increase in accumulated other comprehensive loss. While additional paid-in capital remained relatively stable, the shifts in retained earnings and accumulated other comprehensive loss significantly impacted overall equity. Noncontrolling interests remained relatively stable, contributing a small portion to total equity.
- Total Liabilities and Equity
- Total liabilities and equity mirrored the trends in its components. An initial period of relative stability was followed by an increase, peaking around US$97.3 billion, and then a decline to approximately US$91.5 billion in the most recent quarter. The fluctuations in current liabilities and the shifts in shareholders’ equity were the primary drivers of these changes.
In summary, the company’s financial position demonstrates dynamic changes in its liability structure and a recent contraction in shareholders’ equity. The volatility in current liabilities warrants further investigation, while the long-term debt management appears relatively stable. The decline in equity, particularly driven by changes in retained earnings and accumulated other comprehensive loss, should be monitored closely.