Stock Analysis on Net

Medtronic PLC (NYSE:MDT)

Analysis of Liquidity Ratios 

Microsoft Excel LibreOffice Calc

Liquidity Ratios (Summary)

Medtronic PLC, liquidity ratios

Microsoft Excel LibreOffice Calc
Apr 30, 2021 Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016
Current ratio 2.65 2.13 2.59 2.28 1.75 3.29
Quick ratio 1.91 1.50 1.90 1.71 1.36 2.54
Cash ratio 1.27 1.06 1.16 1.11 0.96 1.76

Based on: 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Medtronic PLC current ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Medtronic PLC quick ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Medtronic PLC cash ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Current Ratio

Medtronic PLC, current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Apr 30, 2021 Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016
Selected Financial Data (US$ in millions)
Current assets 22,548  22,031  21,967  22,980  24,873  23,600 
Current liabilities 8,509  10,366  8,472  10,084  14,220  7,165 
Liquidity Ratio
Current ratio1 2.65 2.13 2.59 2.28 1.75 3.29
Benchmarks
Current Ratio, Competitors2
Abbott Laboratories 1.85 1.72 1.44 1.62 2.26
Anthem Inc. 1.47 1.55 1.65 1.56 1.55
Bristol-Myers Squibb Co. 1.52 1.58 1.60 1.61 1.55
CVS Health Corp. 0.88 0.91 0.94 1.03 1.02
Danaher Corp. 1.43 1.86 5.19 1.47 1.43
HCA Healthcare Inc. 1.41 1.42 1.44 1.35 1.62
Intuitive Surgical Inc. 5.08 6.86 4.53 5.28 3.99
Stryker Corp. 2.20 1.93 2.58 2.02 2.29
UnitedHealth Group Inc. 0.79 0.74 0.69 0.73 0.73
Current Ratio, Sector
Health Care Equipment & Services 1.19 1.19 1.29 1.22 1.26
Current Ratio, Industry
Health Care 1.26 1.25 1.41 1.46 1.50

Based on: 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 22,548 ÷ 8,509 = 2.65

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 current ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Quick Ratio

Medtronic PLC, quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Apr 30, 2021 Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 3,593  4,140  4,393  3,669  4,967  2,876 
Investments 7,224  6,808  5,455  7,558  8,741  9,758 
Accounts receivable, less allowances and credit losses 5,462  4,645  6,222  5,987  5,591  5,562 
Total quick assets 16,279  15,593  16,070  17,214  19,299  18,196 
 
Current liabilities 8,509  10,366  8,472  10,084  14,220  7,165 
Liquidity Ratio
Quick ratio1 1.91 1.50 1.90 1.71 1.36 2.54
Benchmarks
Quick Ratio, Competitors2
Abbott Laboratories 1.28 1.14 0.88 1.03 1.67
Anthem Inc. 1.33 1.42 1.52 1.44 1.42
Bristol-Myers Squibb Co. 1.20 1.28 1.26 1.37 1.30
CVS Health Corp. 0.55 0.53 0.52 0.55 0.49
Danaher Corp. 0.89 1.36 4.68 0.88 0.87
HCA Healthcare Inc. 1.00 1.02 1.03 0.96 1.17
Intuitive Surgical Inc. 4.34 5.96 3.75 4.56 3.51
Stryker Corp. 1.33 1.14 1.66 1.25 1.43
UnitedHealth Group Inc. 0.72 0.68 0.63 0.67 0.68
Quick Ratio, Sector
Health Care Equipment & Services 0.92 0.91 0.99 0.92 0.97
Quick Ratio, Industry
Health Care 0.94 0.92 1.07 1.08 1.15

Based on: 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29).

1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 16,279 ÷ 8,509 = 1.91

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 quick ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Cash Ratio

Medtronic PLC, cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Apr 30, 2021 Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 3,593  4,140  4,393  3,669  4,967  2,876 
Investments 7,224  6,808  5,455  7,558  8,741  9,758 
Total cash assets 10,817  10,948  9,848  11,227  13,708  12,634 
 
Current liabilities 8,509  10,366  8,472  10,084  14,220  7,165 
Liquidity Ratio
Cash ratio1 1.27 1.06 1.16 1.11 0.96 1.76
Benchmarks
Cash Ratio, Competitors2
Abbott Laboratories 0.78 0.60 0.38 0.45 1.08
Anthem Inc. 0.95 1.04 1.08 1.01 1.05
Bristol-Myers Squibb Co. 0.78 0.83 0.84 0.83 0.71
CVS Health Corp. 0.18 0.18 0.15 0.15 0.06
Danaher Corp. 0.32 0.82 4.04 0.16 0.13
HCA Healthcare Inc. 0.15 0.21 0.08 0.07 0.12
Intuitive Surgical Inc. 3.66 5.30 3.13 3.73 2.78
Stryker Corp. 0.66 0.60 1.01 0.77 0.80
UnitedHealth Group Inc. 0.36 0.33 0.28 0.33 0.37
Cash Ratio, Sector
Health Care Equipment & Services 0.50 0.51 0.56 0.47 0.53
Cash Ratio, Industry
Health Care 0.53 0.52 0.66 0.67 0.74

Based on: 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29).

1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 10,817 ÷ 8,509 = 1.27

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 cash ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.