Medtronic (MDT) Interest Coverage Ratio (2014 - 2026)
Medtronic's (MDT) Interest Coverage Ratio stood at 9.48 in fiscal Q1 2027 (quarter ended Jul 31, 2026), up 15.5% from 8.21 a year earlier but down 10.9% from the prior quarter.
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Analysis
Medtronic (MDT) Interest Coverage Ratio (2014 - 2026) Analysis & Trends
On a TTM basis, Medtronic's Interest Coverage Ratio came in at 9.37 as of Jul 31, 2026, up 13.0% year-over-year; for FY2026 (ended Apr 24, 2026), it came in at 9.04, up 10.7% from FY2025.
- Across earlier fiscal years, Interest Coverage Ratio came in at 8.17 in FY2025 (+14.2%), 7.15 in FY2024 (-17.0%), 8.62 in FY2023 (-17.1%) and 10.40 in FY2022 (+114.6%).
- Quarterly Interest Coverage Ratio has ranged from 5.21 in fiscal Q4 2024 to 12.11 in fiscal Q3 2022 over the past five years.
- On a year-over-year basis, Interest Coverage Ratio rose in seven of the last eight quarters, with growth averaging 17.4%.
- Peak year-over-year performance for Interest Coverage Ratio in the last five years was growth of 480.8% in fiscal Q2 2022, against a decline of 37.7% in fiscal Q4 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 10.64 (Q4 2026), 8.09 (Q3 2026) and 9.31 (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 5.20 |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 4.82 |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 10.53 |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | - |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 9.48 |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 11.77 |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 12.27 |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 5.02 |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | - |
| 10 | Agilent Technologies | 49.40 Bn | 42.29 Bn | 1.04 Bn | 15.31 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 9.48 |
| Apr 24, 2026 | 10.64 |
| Jan 23, 2026 | 8.09 |
| Oct 24, 2025 | 9.31 |
| Jul 25, 2025 | 8.21 |
| Apr 25, 2025 | 8.25 |
| Jan 24, 2025 | 9.20 |
| Oct 25, 2024 | 7.63 |
| Jul 26, 2024 | 7.65 |
| Apr 26, 2024 | 5.21 |
| Jan 26, 2024 | 7.89 |
| Oct 27, 2023 | 7.44 |
| Jul 28, 2023 | 8.57 |
| Apr 28, 2023 | 8.37 |
| Jan 27, 2023 | 8.34 |
| Oct 28, 2022 | 11.90 |
| Jul 29, 2022 | 6.86 |
| Apr 29, 2022 | 11.69 |
| Jan 28, 2022 | 12.11 |
| Oct 29, 2021 | 11.49 |
API Access
Medtronic Interest Coverage 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=interest-coverage-ratio&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-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=interest-coverage-ratio&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();