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| Date | Value |
|---|---|
| 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 |