Medtronic (MDT) Interest Coverage Ratio (2014 - 2026)
Medtronic (MDT) reported Interest Coverage Ratio of 13.19 for Q2 2026, up 59.82% on a YoY basis from 8.25 in Q2 2025, and up 2332.61% sequentially from 0.54 in Q1 2026.
Medtronic (MDT) Interest Coverage Ratio (2014 - 2026) Analysis & Trends
Medtronic (MDT) has 13 years of Interest Coverage Ratio data on file, last reported at 13.19 in Q2 2026.
- For the quarter ending Q2 2026, Interest Coverage Ratio rose 59.82% year-over-year to 13.19; the trailing twelve-month figure through Apr 2026 stood at 10.04 (up 8.78% YoY), and the FY2026 full-year result was 0.52, up 11.78% from the prior year.
- Interest Coverage Ratio grew to 13.19 in Q2 2026, from 0.54 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 13.19 in Q2 2026 to a low of 22.89 in Q2 2024.
- A 5-year average of 1.24 and a median of 0.59 in 2022 frame the typical range for Interest Coverage Ratio.
- Across the five-year window, Interest Coverage Ratio sank 647.05% in 2024 and jumped 136.05% in 2025, its largest moves.
- Tracing MDT's Interest Coverage Ratio over 5 years: stood at 0.58 in 2022, then declined by 11.9% to 0.52 in 2023, then gained by 14.62% to 0.59 in 2024, then rose by 5.71% to 0.62 in 2025, then surged by 2012.3% to 13.19 in 2026.
- Business Quant data shows MDT's Interest Coverage Ratio at 13.19 in Q2 2026, 0.54 in Q1 2026, and 0.62 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 0.90 |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 6.32 |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 13.19 |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | 2.15 |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | 1.19 |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 82.35 |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | -2.90 |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 5.36 |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Steris | 20.59 Bn | 20.16 Bn | 697.10 Mn | 16.59 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | 13.19 |
| Jan 23, 2026 | 0.54 |
| Oct 24, 2025 | 0.62 |
| Jul 25, 2025 | 0.54 |
| Apr 25, 2025 | 8.25 |
| Jan 24, 2025 | 0.61 |
| Oct 25, 2024 | 0.59 |
| Jul 26, 2024 | 0.47 |
| Apr 26, 2024 | -22.89 |
| Jan 26, 2024 | 0.57 |
| Oct 27, 2023 | 0.52 |
| Jul 28, 2023 | 0.49 |
| Apr 28, 2023 | 4.18 |
| Jan 27, 2023 | 0.58 |
| Oct 28, 2022 | 0.59 |
| Jul 29, 2022 | 0.70 |
| Apr 29, 2022 | 11.69 |
| Jan 28, 2022 | 1.04 |
| Oct 29, 2021 | 0.98 |
| Jul 30, 2021 | 0.54 |