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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |