Medtronic PLC MDT

88.64 0.13 0.15% as of 25 Sep
Market cap
$112.2B
P/E
21.7×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Medtronic PLC (MDT) Current ratio

Medtronic PLC's current ratio at the end of the quarter to 31 July 2026 was 2.1×, down 0.1× from fiscal 2026 (2.1×). Over the past ten years it has ranged from 1.7× (fiscal 2017) to 3.4× (fiscal 2015); the current reading is higher than 50% of that period. That is below the Medical Devices industry median of 2.5× and below the Healthcare sector median of 3.0×.

Current ratio, annual

Annual

Period Current ratio Change
FY2026 2.1× 14.99%
FY2025 1.8× (9.05%)
FY2024 2.0× (15.10%)
FY2023 2.4× 28.72%
FY2022 1.9× (29.79%)
FY2021 2.6× 24.68%
FY2020 2.1× (18.03%)
FY2019 2.6× 13.78%
FY2018 2.3× 30.69%
FY2017 1.7× (47.06%)

Quarterly

Period Current ratio Change
Jul 2026 2.1× (2.78%)
Apr 2026 2.1× (16.13%)
Jan 2026 2.5× 4.96%
Oct 2025 2.4× 19.92%
43 more quarters

Against its own ten years

Low 1.7× High 3.4×
Ten-year median 2.2×
Current reading's percentile 50

Current ratio against peers

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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