Medtronic (MDT) Debt Ratio (2014 - 2026)

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

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

Medtronic (MDT) has 13 years of Debt Ratio data on file, last reported at 0.3 in Q2 2026.

  • For the quarter ending Q2 2026, Debt Ratio fell 3.37% year-over-year to 0.3; the trailing twelve-month figure through Apr 2026 stood at 0.3 (down 3.37% YoY), and the FY2026 full-year result was 0.3, down 3.37% from the prior year.
  • Debt Ratio fell to 0.3 in Q2 2026, from 0.31 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.
  • A 5-year average of 0.29 and a median of 0.29 in 2022 frame the typical range for Debt Ratio.
  • Across the five-year window, Debt Ratio fell 12.1% in 2022 and grew 13.0% in 2024, its largest moves.
  • Tracing MDT's Debt Ratio over 5 years: stood at 0.29 in 2022, then retreated by 2.48% to 0.28 in 2023, then rose by 13.0% to 0.31 in 2024, then gained by 1.27% to 0.32 in 2025, then decreased by 5.65% to 0.3 in 2026.
  • Business Quant data shows MDT's Debt Ratio at 0.3 in Q2 2026, 0.31 in Q1 2026, and 0.32 in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Abbott Laboratories 201.40 Bn 194.75 Bn 6.27 Bn 0.31
2 Stryker 122.29 Bn 119.41 Bn 3.81 Bn 0.32
3 Medtronic 105.01 Bn 96.40 Bn 6.41 Bn 0.30
4 Boston Scientific 64.81 Bn 63.59 Bn 3.61 Bn 0.25
5 Edwards Lifesciences 55.28 Bn 51.60 Bn 1.29 Bn 0.04
6 Dexcom 29.06 Bn 27.94 Bn 750.30 Mn -
7 Koninklijke Philips 29.02 Bn 25.93 Bn 2.07 Bn 0.30
8 GE HealthCare Technologies 28.27 Bn 26.20 Bn 1.98 Bn 0.27
9 Smith & Nephew 25.80 Bn 25.22 Bn - 0.30
10 Steris 20.59 Bn 20.16 Bn 697.10 Mn 0.18

Historic Data

Download Data
DateValue
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
Jul 30, 2021 0.28