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Analysis of Liquidity Ratios
Beginner level
Liquidity ratios measure the company’s ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Medtronic PLC, liquidity ratios
| Apr 24, 2020 | Apr 26, 2019 | Apr 27, 2018 | Apr 28, 2017 | Apr 29, 2016 | Apr 24, 2015 | ||
|---|---|---|---|---|---|---|---|
| Current ratio | |||||||
| Quick ratio | |||||||
| Cash ratio |
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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Medtronic PLC’s current ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Medtronic PLC’s quick ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Medtronic PLC’s cash ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
Current Ratio
Medtronic PLC, current ratio calculation, comparison to benchmarks
| Apr 24, 2020 | Apr 26, 2019 | Apr 27, 2018 | Apr 28, 2017 | Apr 29, 2016 | Apr 24, 2015 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current assets | |||||||
| Current liabilities | |||||||
| Liquidity Ratio | |||||||
| Current ratio1 | |||||||
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Becton, Dickinson & Co. | |||||||
| Boston Scientific Corp. | |||||||
| Danaher Corp. | |||||||
| Intuitive Surgical Inc. | |||||||
| Stryker Corp. | |||||||
| Thermo Fisher Scientific Inc. | |||||||
| UnitedHealth Group Inc. | |||||||
| Current Ratio, Sector | |||||||
| Health Care Equipment & Services | |||||||
| Current Ratio, Industry | |||||||
| Health Care | |||||||
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).
1 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= ÷ =
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Medtronic PLC’s current ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
Quick Ratio
Medtronic PLC, quick ratio calculation, comparison to benchmarks
| Apr 24, 2020 | Apr 26, 2019 | Apr 27, 2018 | Apr 28, 2017 | Apr 29, 2016 | Apr 24, 2015 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | |||||||
| Investments | |||||||
| Accounts receivable, less allowances | |||||||
| Total quick assets | |||||||
| Current liabilities | |||||||
| Liquidity Ratio | |||||||
| Quick ratio1 | |||||||
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Becton, Dickinson & Co. | |||||||
| Boston Scientific Corp. | |||||||
| Danaher Corp. | |||||||
| Intuitive Surgical Inc. | |||||||
| Stryker Corp. | |||||||
| Thermo Fisher Scientific Inc. | |||||||
| UnitedHealth Group Inc. | |||||||
| Quick Ratio, Sector | |||||||
| Health Care Equipment & Services | |||||||
| Quick Ratio, Industry | |||||||
| Health Care | |||||||
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).
1 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= ÷ =
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Medtronic PLC’s quick ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
Cash Ratio
Medtronic PLC, cash ratio calculation, comparison to benchmarks
| Apr 24, 2020 | Apr 26, 2019 | Apr 27, 2018 | Apr 28, 2017 | Apr 29, 2016 | Apr 24, 2015 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | |||||||
| Investments | |||||||
| Total cash assets | |||||||
| Current liabilities | |||||||
| Liquidity Ratio | |||||||
| Cash ratio1 | |||||||
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Becton, Dickinson & Co. | |||||||
| Boston Scientific Corp. | |||||||
| Danaher Corp. | |||||||
| Intuitive Surgical Inc. | |||||||
| Stryker Corp. | |||||||
| Thermo Fisher Scientific Inc. | |||||||
| UnitedHealth Group Inc. | |||||||
| Cash Ratio, Sector | |||||||
| Health Care Equipment & Services | |||||||
| Cash Ratio, Industry | |||||||
| Health Care | |||||||
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).
1 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= ÷ =
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Medtronic PLC’s cash ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |