Medtronic (MDT) Debt Ratio (2014 - 2026)

Medtronic's (MDT) quarterly Debt Ratio came in at 0.31 in Q1 2026, up 3.76% year-on-year from 0.3 in Q1 2025, and down 3.68% quarter-over-quarter from 0.32 in Q4 2025.

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

Medtronic has disclosed Debt Ratio across 13 years of filings, most recently posting 0.31 for Q1 2026.

  • Debt Ratio for Q1 2026 came in at 0.31, up 3.76% year-over-year; the trailing twelve-month figure through Jan 2026 was 0.31 (up 3.76% YoY), and the FY2025 annual result was 0.31, up 11.84% from the prior year.
  • Debt Ratio came in at 0.31 for Q1 2026 at Medtronic, down from 0.32 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.
  • The 5-year median for Debt Ratio is 0.29 (2022), against an average of 0.29.
  • Across the five-year window, Debt Ratio fell 12.1% in 2022 and grew 13.0% in 2024, its largest moves.
  • Medtronic's 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 slipped by 3.68% to 0.31 in 2026.
  • The last three Debt Ratio figures came in at 0.31 (Q1 2026), 0.32 (Q4 2025), and 0.31 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Abbott Laboratories 154.42 Bn 147.76 Bn 6.27 Bn 0.31
2 Stryker 118.12 Bn 115.25 Bn 3.81 Bn 0.32
3 Medtronic 101.72 Bn 93.55 Bn 5.76 Bn 0.31
4 Boston Scientific 67.19 Bn 65.98 Bn 3.61 Bn 0.25
5 Edwards Lifesciences 50.69 Bn 47.02 Bn 1.29 Bn 0.04
6 Koninklijke Philips 29.38 Bn 26.07 Bn 2.07 Bn 0.30
7 Dexcom 28.09 Bn 26.97 Bn 750.30 Mn -
8 GE HealthCare Technologies 28.08 Bn 26.02 Bn 1.98 Bn 0.27
9 Steris 19.80 Bn 19.37 Bn 697.10 Mn 0.18
10 Zimmer Biomet Holdings 17.18 Bn 16.77 Bn 1.51 Bn 0.33

Historic Data

Download Data
DateValue
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
Apr 30, 2021 0.28