Medtronic (MDT) Interest Coverage Ratio (2013 - 2026)

Medtronic's (MDT) annual Interest Coverage Ratio came in at 9.04 in FY2026, up 10.72% year-over-year from 8.17 in FY2025.

Analysis

Medtronic (MDT) Interest Coverage Ratio (2013 - 2026) Analysis & Trends

Medtronic has disclosed Interest Coverage Ratio across 14 years of filings, most recently posting 9.04 for FY2026.

In Q3 2026, Interest Coverage Ratio rose 15.51% year-over-year to 9.48; the TTM figure through Jul 2026 stood at 9.37 (up 13.01% YoY), while the FY2026 annual figure was 9.04, up 10.72% from the prior year.
Interest Coverage Ratio came in at 9.04 for FY2026 at Medtronic, up from 8.17 in the prior year.
In the past five years, Interest Coverage Ratio ranged from a high of 10.4 in FY2022 to a low of 7.15 in FY2024.
Average Interest Coverage Ratio over 5 years is 8.68, with a median of 8.62 recorded in 2023.
Year-over-year, Interest Coverage Ratio surged 114.57% in 2022 and fell 17.09% in 2023.
Over 5 years, Interest Coverage Ratio stood at 10.4 in 2022, then slipped by 17.09% to 8.62 in 2023, then retreated by 17.04% to 7.15 in 2024, then climbed by 14.18% to 8.17 in 2025, then advanced by 10.72% to 9.04 in 2026.
Per Business Quant data, the three most recent Interest Coverage Ratio figures were 9.04 in FY2026, 8.17 in FY2025, and 7.15 in FY2024.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Interest Cover (Yr)
1	Abbott Laboratories	177.43 Bn	172.48 Bn	7.27 Bn	-
2	Intuitive Surgical	139.20 Bn	134.11 Bn	1.96 Bn	-
3	Medtronic	118.01 Bn	109.81 Bn	6.34 Bn	-
4	Stryker	105.44 Bn	101.96 Bn	4.50 Bn	-
5	Boston Scientific	62.90 Bn	62.60 Bn	3.85 Bn	-
6	Edwards Lifesciences	50.87 Bn	46.72 Bn	1.35 Bn	-
7	Dexcom	33.72 Bn	31.77 Bn	830.00 Mn	-
8	Resmed	32.45 Bn	30.98 Bn	861.22 Mn	-
9	Alcon	31.70 Bn	30.25 Bn	1.68 Bn	-
10	Steris	20.01 Bn	19.54 Bn	684.20 Mn	-

Historic Data

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