Medtronic (MDT) Debt Ratio (2014 - 2026)
Medtronic's Debt Ratio came in at 0.30 for fiscal Q1 2027 (quarter ended Jul 31, 2026), down 4.1% from 0.31 a year earlier but up 0.4% from the prior quarter.
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Analysis
Medtronic (MDT) Debt Ratio (2014 - 2026) Analysis & Trends
Going back to fiscal Q4 2014, Medtronic's Debt Ratio data covers 47 quarters.
- Going back by fiscal year, Debt Ratio was 0.31 in FY2025 (+11.8%), 0.28 in FY2024 (+3.8%), 0.27 in FY2023 (+1.1%) and 0.27 in FY2022 (-6.5%).
- The five-year range for quarterly Debt Ratio is 0.26 (fiscal Q1 2023) to 0.32 (fiscal Q2 2026).
- Year-over-year, Debt Ratio increased in six of the last eight quarters, with growth averaging 3.8%.
- The fastest year-over-year change in Debt Ratio over five years came in fiscal Q2 2025 (growth of 13.0%), and the weakest in fiscal Q3 2022 (a decline of 12.1%).
- Business Quant data shows MDT's Debt Ratio at 0.30 (Q4 2026), 0.31 (Q3 2026) and 0.32 (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 0.38 |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 0.30 |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 0.29 |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | - |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 0.30 |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 0.31 |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 0.28 |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 0.33 |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 0.04 |
| 10 | Agilent Technologies | 49.40 Bn | 42.29 Bn | 1.04 Bn | 0.02 |
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 |
API Access
Medtronic Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "MDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();