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Microsoft Excel LibreOffice Calc

Medtronic PLC (MDT)


Long-term Debt and Solvency Analysis

Difficulty: Beginner


Ratios (Summary)

Medtronic PLC, debt and solvency ratios

Microsoft Excel LibreOffice Calc
Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015 Apr 25, 2014
Debt Ratios
Debt to equity hidden hidden hidden hidden hidden hidden
Debt to capital hidden hidden hidden hidden hidden hidden
Debt to assets hidden hidden hidden hidden hidden hidden
Financial leverage hidden hidden hidden hidden hidden hidden
Coverage Ratios
Interest coverage hidden hidden hidden hidden hidden hidden
Fixed charge coverage hidden hidden hidden hidden hidden hidden

Based on: 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), 10-K (filing date: 2014-06-20).

Ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Medtronic PLC’s debt to equity ratio improved from 2017 to 2018 and from 2018 to 2019.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Medtronic PLC’s debt to capital ratio improved from 2017 to 2018 and from 2018 to 2019.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Medtronic PLC’s debt to assets ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Medtronic PLC’s financial leverage ratio improved from 2017 to 2018 and from 2018 to 2019.

Ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Medtronic PLC’s interest coverage ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Medtronic PLC’s fixed charge coverage ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Debt to Equity

Medtronic PLC, debt to equity calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015 Apr 25, 2014
Selected Financial Data (US$ in millions)
Current debt obligations hidden hidden hidden hidden hidden hidden
Long-term debt hidden hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden hidden
 
Shareholders’ equity hidden hidden hidden hidden hidden hidden
Ratio
Debt to equity1 hidden hidden hidden hidden hidden hidden
Benchmarks
Debt to Equity, Competitors2
Becton, Dickinson & Co. hidden hidden hidden hidden hidden hidden
Intuitive Surgical Inc. hidden hidden hidden hidden hidden hidden
Stryker Corp. hidden hidden hidden hidden hidden hidden
Thermo Fisher Scientific Inc. hidden hidden hidden hidden hidden hidden
UnitedHealth Group Inc. hidden hidden hidden hidden hidden hidden
Debt to Equity, Sector
Health Care Equipment & Services hidden hidden hidden hidden hidden hidden
Debt to Equity, Industry
Health Care hidden hidden hidden hidden hidden hidden

Based on: 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), 10-K (filing date: 2014-06-20).

1 2019 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Medtronic PLC’s debt to equity ratio improved from 2017 to 2018 and from 2018 to 2019.

Debt to Capital

Medtronic PLC, debt to capital calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015 Apr 25, 2014
Selected Financial Data (US$ in millions)
Current debt obligations hidden hidden hidden hidden hidden hidden
Long-term debt hidden hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden hidden
Shareholders’ equity hidden hidden hidden hidden hidden hidden
Total capital hidden hidden hidden hidden hidden hidden
Ratio
Debt to capital1 hidden hidden hidden hidden hidden hidden
Benchmarks
Debt to Capital, Competitors2
Becton, Dickinson & Co. hidden hidden hidden hidden hidden hidden
Intuitive Surgical Inc. hidden hidden hidden hidden hidden hidden
Stryker Corp. hidden hidden hidden hidden hidden hidden
Thermo Fisher Scientific Inc. hidden hidden hidden hidden hidden hidden
UnitedHealth Group Inc. hidden hidden hidden hidden hidden hidden
Debt to Capital, Sector
Health Care Equipment & Services hidden hidden hidden hidden hidden hidden
Debt to Capital, Industry
Health Care hidden hidden hidden hidden hidden hidden

Based on: 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), 10-K (filing date: 2014-06-20).

1 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Medtronic PLC’s debt to capital ratio improved from 2017 to 2018 and from 2018 to 2019.

Debt to Assets

Medtronic PLC, debt to assets calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015 Apr 25, 2014
Selected Financial Data (US$ in millions)
Current debt obligations hidden hidden hidden hidden hidden hidden
Long-term debt hidden hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden hidden
 
Total assets hidden hidden hidden hidden hidden hidden
Ratio
Debt to assets1 hidden hidden hidden hidden hidden hidden
Benchmarks
Debt to Assets, Competitors2
Becton, Dickinson & Co. hidden hidden hidden hidden hidden hidden
Intuitive Surgical Inc. hidden hidden hidden hidden hidden hidden
Stryker Corp. hidden hidden hidden hidden hidden hidden
Thermo Fisher Scientific Inc. hidden hidden hidden hidden hidden hidden
UnitedHealth Group Inc. hidden hidden hidden hidden hidden hidden
Debt to Assets, Sector
Health Care Equipment & Services hidden hidden hidden hidden hidden hidden
Debt to Assets, Industry
Health Care hidden hidden hidden hidden hidden hidden

Based on: 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), 10-K (filing date: 2014-06-20).

1 2019 Calculation
Debt to assets = Total debt ÷ Total assets
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Medtronic PLC’s debt to assets ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Financial Leverage

Medtronic PLC, financial leverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015 Apr 25, 2014
Selected Financial Data (US$ in millions)
Total assets hidden hidden hidden hidden hidden hidden
Shareholders’ equity hidden hidden hidden hidden hidden hidden
Ratio
Financial leverage1 hidden hidden hidden hidden hidden hidden
Benchmarks
Financial Leverage, Competitors2
Becton, Dickinson & Co. hidden hidden hidden hidden hidden hidden
Intuitive Surgical Inc. hidden hidden hidden hidden hidden hidden
Stryker Corp. hidden hidden hidden hidden hidden hidden
Thermo Fisher Scientific Inc. hidden hidden hidden hidden hidden hidden
UnitedHealth Group Inc. hidden hidden hidden hidden hidden hidden
Financial Leverage, Sector
Health Care Equipment & Services hidden hidden hidden hidden hidden hidden
Financial Leverage, Industry
Health Care hidden hidden hidden hidden hidden hidden

Based on: 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), 10-K (filing date: 2014-06-20).

1 2019 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Medtronic PLC’s financial leverage ratio improved from 2017 to 2018 and from 2018 to 2019.

Interest Coverage

Medtronic PLC, interest coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015 Apr 25, 2014
Selected Financial Data (US$ in millions)
Net income attributable to Medtronic hidden hidden hidden hidden hidden hidden
Add: Net income attributable to noncontrolling interest hidden hidden hidden hidden hidden hidden
Add: Income tax expense hidden hidden hidden hidden hidden hidden
Add: Interest expense hidden hidden hidden hidden hidden hidden
Earnings before interest and tax (EBIT) hidden hidden hidden hidden hidden hidden
Ratio
Interest coverage1 hidden hidden hidden hidden hidden hidden
Benchmarks
Interest Coverage, Competitors2
Becton, Dickinson & Co. hidden hidden hidden hidden hidden hidden
Intuitive Surgical Inc. hidden hidden hidden hidden hidden hidden
Stryker Corp. hidden hidden hidden hidden hidden hidden
Thermo Fisher Scientific Inc. hidden hidden hidden hidden hidden hidden
UnitedHealth Group Inc. hidden hidden hidden hidden hidden hidden
Interest Coverage, Sector
Health Care Equipment & Services hidden hidden hidden hidden hidden hidden
Interest Coverage, Industry
Health Care hidden hidden hidden hidden hidden hidden

Based on: 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), 10-K (filing date: 2014-06-20).

1 2019 Calculation
Interest coverage = EBIT ÷ Interest expense
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Medtronic PLC’s interest coverage ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Fixed Charge Coverage

Medtronic PLC, fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015 Apr 25, 2014
Selected Financial Data (US$ in millions)
Net income attributable to Medtronic hidden hidden hidden hidden hidden hidden
Add: Net income attributable to noncontrolling interest hidden hidden hidden hidden hidden hidden
Add: Income tax expense hidden hidden hidden hidden hidden hidden
Add: Interest expense hidden hidden hidden hidden hidden hidden
Earnings before interest and tax (EBIT) hidden hidden hidden hidden hidden hidden
Add: Rent expense for all operating leases hidden hidden hidden hidden hidden hidden
Earnings before fixed charges and tax hidden hidden hidden hidden hidden hidden
 
Interest expense hidden hidden hidden hidden hidden hidden
Rent expense for all operating leases hidden hidden hidden hidden hidden hidden
Fixed charges hidden hidden hidden hidden hidden hidden
Ratio
Fixed charge coverage1 hidden hidden hidden hidden hidden hidden
Benchmarks
Fixed Charge Coverage, Competitors2
Becton, Dickinson & Co. hidden hidden hidden hidden hidden hidden
Stryker Corp. hidden hidden hidden hidden hidden hidden
Thermo Fisher Scientific Inc. hidden hidden hidden hidden hidden hidden
UnitedHealth Group Inc. hidden hidden hidden hidden hidden hidden
Fixed Charge Coverage, Sector
Health Care Equipment & Services hidden hidden hidden hidden hidden hidden
Fixed Charge Coverage, Industry
Health Care hidden hidden hidden hidden hidden hidden

Based on: 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), 10-K (filing date: 2014-06-20).

1 2019 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Medtronic PLC’s fixed charge coverage ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.