Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Medtronic PLC (NYSE:MDT)

Analysis of Liquidity Ratios

Beginner level

Liquidity Ratios (Summary)

Medtronic PLC, liquidity ratios

Microsoft Excel LibreOffice Calc
Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015
Current ratio 2.13 2.59 2.28 1.75 3.29 3.36
Quick ratio 1.50 1.90 1.71 1.36 2.54 2.68
Cash ratio 1.06 1.16 1.11 0.96 1.76 2.12

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

Microsoft Excel LibreOffice Calc
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 22,031  21,967  22,980  24,873  23,600  30,844 
Current liabilities 10,366  8,472  10,084  14,220  7,165  9,173 
Liquidity Ratio
Current ratio1 2.13 2.59 2.28 1.75 3.29 3.36
Benchmarks
Current Ratio, Competitors2
Becton, Dickinson & Co. 1.18 1.03 5.58 1.45 1.38
Boston Scientific Corp. 0.97 0.76 0.68 0.90 1.43
Danaher Corp. 5.19 1.47 1.43 0.97 1.27
Intuitive Surgical Inc. 4.53 5.28 3.99 5.45 4.46
Stryker Corp. 2.58 2.02 2.29 2.50 2.27
Thermo Fisher Scientific Inc. 1.92 1.73 1.34 1.44 1.38
UnitedHealth Group Inc. 0.69 0.73 0.73 0.69 0.74
Current Ratio, Sector
Health Care Equipment & Services 1.33 1.14 1.24 1.15 1.31
Current Ratio, Industry
Health Care 1.49 1.53 1.62 1.76 1.72

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
= 22,031 ÷ 10,366 = 2.13

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

Microsoft Excel LibreOffice Calc
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 4,140  4,393  3,669  4,967  2,876  4,843 
Investments 6,808  5,455  7,558  8,741  9,758  14,637 
Accounts receivable, less allowances 4,645  6,222  5,987  5,591  5,562  5,112 
Total quick assets 15,593  16,070  17,214  19,299  18,196  24,592 
 
Current liabilities 10,366  8,472  10,084  14,220  7,165  9,173 
Liquidity Ratio
Quick ratio1 1.50 1.90 1.71 1.36 2.54 2.68
Benchmarks
Quick Ratio, Competitors2
Becton, Dickinson & Co. 0.52 0.50 4.77 0.72 0.70
Boston Scientific Corp. 0.42 0.33 0.31 0.47 0.66
Danaher Corp. 4.68 0.88 0.87 0.60 0.77
Intuitive Surgical Inc. 3.75 4.56 3.51 5.00 3.97
Stryker Corp. 1.66 1.25 1.43 1.70 1.64
Thermo Fisher Scientific Inc. 1.09 1.01 0.74 0.79 0.72
UnitedHealth Group Inc. 0.58 0.61 0.62 0.59 0.61
Quick Ratio, Sector
Health Care Equipment & Services 1.01 0.82 0.95 0.85 0.97
Quick Ratio, Industry
Health Care 1.13 1.12 1.24 1.36 1.32

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
= 15,593 ÷ 10,366 = 1.50

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

Microsoft Excel LibreOffice Calc
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 4,140  4,393  3,669  4,967  2,876  4,843 
Investments 6,808  5,455  7,558  8,741  9,758  14,637 
Total cash assets 10,948  9,848  11,227  13,708  12,634  19,480 
 
Current liabilities 10,366  8,472  10,084  14,220  7,165  9,173 
Liquidity Ratio
Cash ratio1 1.06 1.16 1.11 0.96 1.76 2.12
Benchmarks
Cash Ratio, Competitors2
Becton, Dickinson & Co. 0.11 0.17 4.25 0.36 0.33
Boston Scientific Corp. 0.04 0.03 0.03 0.05 0.13
Danaher Corp. 4.04 0.16 0.13 0.14 0.13
Intuitive Surgical Inc. 3.13 3.73 2.78 4.28 3.17
Stryker Corp. 1.01 0.77 0.80 1.07 1.16
Thermo Fisher Scientific Inc. 0.39 0.34 0.19 0.16 0.11
UnitedHealth Group Inc. 0.23 0.27 0.31 0.27 0.30
Cash Ratio, Sector
Health Care Equipment & Services 0.56 0.40 0.56 0.44 0.56
Cash Ratio, Industry
Health Care 0.73 0.72 0.85 0.95 0.92

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
= 10,948 ÷ 10,366 = 1.06

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.