Medtronic MDT
NYSE MDT
$91.89 -0.50 (-0.54%)
As of: Sep 9, 2026 · 3:59 PM EDT

Medtronic (MDT) Debt Ratio (2014 - 2026)

Medtronic's (MDT) quarterly Debt Ratio came in at 0.3 in Q3 2026, down 4.06% year-over-year from 0.31 in Q3 2025, and little changed quarter-over-quarter from 0.3 in Q2 2026.

Analysis

Medtronic (MDT) Debt Ratio (2014 - 2026) Analysis & Trends

Medtronic has disclosed Debt Ratio across 13 years of filings, most recently posting 0.3 for Q3 2026.

  • In Q3 2026, Debt Ratio fell 4.06% year-over-year to 0.3; the TTM figure through Jul 2026 stood at 0.3 (down 4.06% YoY), while the FY2026 annual figure was 0.3, down 3.37% from the prior year.
  • Debt Ratio came in at 0.3 for Q3 2026 at Medtronic, roughly flat from 0.3 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.32 in Q4 2025 to a low of 0.26 in Q3 2022.
  • Average Debt Ratio over 5 years is 0.29, with a median of 0.3 recorded in 2025.
  • Year-over-year, Debt Ratio retreated 12.1% in 2022 and increased 13.0% in 2024.
  • Over 5 years, Debt Ratio stood at 0.29 in 2022, then decreased by 2.48% to 0.28 in 2023, then gained by 13.0% to 0.31 in 2024, then advanced by 1.27% to 0.32 in 2025, then retreated by 5.29% to 0.3 in 2026.
  • Per Business Quant data, the three most recent Debt Ratio figures were 0.3 in Q3 2026, 0.3 in Q2 2026, and 0.31 in Q1 2026.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Abbott Laboratories 183.04 Bn 177.44 Bn 7.27 Bn 0.30
2 Intuitive Surgical 125.02 Bn 119.81 Bn 1.96 Bn -
3 Medtronic 117.84 Bn 109.02 Bn 6.34 Bn 0.30
4 Stryker 105.50 Bn 102.02 Bn 4.50 Bn 0.31
5 Boston Scientific 66.27 Bn 65.73 Bn 3.85 Bn 0.28
6 Edwards Lifesciences 49.60 Bn 45.35 Bn 1.35 Bn 0.04
7 Alcon 33.70 Bn 32.24 Bn 1.68 Bn 0.13
8 Dexcom 32.06 Bn 30.11 Bn 830.00 Mn -
9 Steris 21.02 Bn 20.54 Bn 684.20 Mn 0.20
10 Zimmer Biomet Holdings 18.20 Bn 17.79 Bn 1.54 Bn 0.33
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 0.30
Apr 24, 2026 0.30
Jan 23, 2026 0.31
Oct 24, 2025 0.32
Jul 25, 2025 0.31
Apr 25, 2025 0.31
Jan 24, 2025 0.30
Oct 25, 2024 0.31
Jul 26, 2024 0.31
Apr 26, 2024 0.28
Jan 26, 2024 0.28
Oct 27, 2023 0.28
Jul 28, 2023 0.28
Apr 28, 2023 0.27
Jan 27, 2023 0.30
Oct 28, 2022 0.29
Jul 29, 2022 0.26
Apr 29, 2022 0.27
Jan 28, 2022 0.27
Oct 29, 2021 0.28