Medtronic (MDT) Interest Coverage Ratio (2014 - 2026)
Medtronic (MDT) posted Interest Coverage Ratio of 18.18 for Q2 2026, down 3453.69% sequentially from 0.54 in Q1 2026, and up 2.49% YoY from 17.74 in Q2 2025.
Medtronic (MDT) Interest Coverage Ratio (2014 - 2026) Analysis & Trends
Medtronic has reported Interest Coverage Ratio for 13 years, with the latest figure at 18.18 in Q2 2026.
- Quarterly Interest Coverage Ratio rose 2.49% year-over-year to 18.18 in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 19.25 (down 103.88% YoY) and the FY2026 annual result came in at 0.52, up 11.78% from the prior year.
- Interest Coverage Ratio declined to 18.18 in Q2 2026 per MDT's latest filing, from 0.54 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 6.82 in Q2 2022 and troughed at 26.53 in Q2 2023.
- A 5-year average of 3.31 and a median of 0.56 in 2024 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2022 and 2023: Interest Coverage Ratio soared 151.14% in 2022, then slumped 488.91% in 2023.
- Over 5 years, Interest Coverage Ratio stood at 0.58 in 2022, then decreased by 11.9% to 0.52 in 2023, then grew by 14.62% to 0.59 in 2024, then climbed by 5.71% to 0.62 in 2025, then tumbled by 3012.1% to 18.18 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 18.18, 0.54, and 0.62 for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.24 Bn | 193.64 Bn | 7.27 Bn | 4.82 |
| 2 | Stryker | 128.63 Bn | 125.15 Bn | 4.50 Bn | 11.77 |
| 3 | Medtronic | 119.19 Bn | 109.97 Bn | 6.41 Bn | 10.64 |
| 4 | Boston Scientific | 73.51 Bn | 72.97 Bn | 3.85 Bn | 12.27 |
| 5 | Edwards Lifesciences | 52.11 Bn | 47.85 Bn | 1.35 Bn | - |
| 6 | Dexcom | 34.64 Bn | 32.70 Bn | 830.00 Mn | - |
| 7 | GE HealthCare Technologies | 34.01 Bn | 31.90 Bn | 2.18 Bn | 6.48 |
| 8 | Koninklijke Philips | 26.40 Bn | 23.08 Bn | 4.55 Bn | -8.96 |
| 9 | Steris | 23.14 Bn | 22.65 Bn | 684.20 Mn | 18.09 |
| 10 | Zimmer Biomet Holdings | 19.32 Bn | 18.91 Bn | 1.54 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | -18.18 |
| Jan 23, 2026 | 0.54 |
| Oct 24, 2025 | 0.62 |
| Jul 25, 2025 | 0.54 |
| Apr 25, 2025 | -18.65 |
| Jan 24, 2025 | 0.61 |
| Oct 25, 2024 | 0.59 |
| Jul 26, 2024 | 0.47 |
| Apr 26, 2024 | -10.86 |
| Jan 26, 2024 | 0.57 |
| Oct 27, 2023 | 0.52 |
| Jul 28, 2023 | 0.49 |
| Apr 28, 2023 | -26.53 |
| Jan 27, 2023 | 0.58 |
| Oct 28, 2022 | 0.59 |
| Jul 29, 2022 | 0.70 |
| Apr 29, 2022 | 6.82 |
| Jan 28, 2022 | 1.04 |
| Oct 29, 2021 | 0.98 |
| Jul 30, 2021 | 0.54 |