Medtronic (MDT) Debt Ratio (2014 - 2026)

Medtronic (MDT) posted Debt Ratio of 0.3 for Q2 2026, down 2.04% sequentially from 0.31 in Q1 2026, and down 3.37% YoY from 0.31 in Q2 2025.

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

Medtronic has reported Debt Ratio for 13 years, with the latest figure at 0.3 in Q2 2026.

Quarterly Debt Ratio fell 3.37% year-over-year to 0.3 in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 0.3 (down 3.37% YoY) and the FY2026 annual result came in at 0.3, down 3.37% from the prior year.
Debt Ratio fell to 0.3 in Q2 2026 per MDT's latest filing, from 0.31 in the prior quarter.
Over five years, Debt Ratio peaked at 0.32 in Q4 2025 and troughed at 0.26 in Q3 2022.
A 5-year average of 0.29 and a median of 0.29 in 2022 frame the typical range for Debt Ratio.
The sharpest annual moves came in 2022 and 2024: Debt Ratio decreased 12.1% in 2022, then rose 13.0% in 2024.
Over 5 years, Debt Ratio stood at 0.29 in 2022, then dropped by 2.48% to 0.28 in 2023, then climbed by 13.0% to 0.31 in 2024, then grew by 1.27% to 0.32 in 2025, then declined by 5.65% to 0.3 in 2026.
According to Business Quant data, Debt Ratio over the past three periods registered 0.3, 0.31, and 0.32 for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	Abbott Laboratories	199.24 Bn	193.64 Bn	7.27 Bn	0.30
2	Stryker	128.63 Bn	125.15 Bn	4.50 Bn	0.31
3	Medtronic	119.19 Bn	109.97 Bn	6.41 Bn	0.30
4	Boston Scientific	73.51 Bn	72.97 Bn	3.85 Bn	0.28
5	Edwards Lifesciences	52.11 Bn	47.85 Bn	1.35 Bn	0.04
6	Dexcom	34.64 Bn	32.70 Bn	830.00 Mn	-
7	GE HealthCare Technologies	34.01 Bn	31.90 Bn	2.18 Bn	0.27
8	Koninklijke Philips	26.40 Bn	23.08 Bn	4.55 Bn	0.28
9	Steris	23.14 Bn	22.65 Bn	684.20 Mn	0.18
10	Zimmer Biomet Holdings	19.32 Bn	18.91 Bn	1.54 Bn	0.33

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