Medtronic plc (MDT) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Total Current Assets | 24.79B | 24.07B | 24B | 23.22B | 23.81B | 22.51B | 22.44B | 21.95B | 21.93B | 22.51B | 22.08B | 21.87B | 21.68B | 25.36B | 25.4B | 22.14B | 23.06B | 23.3B | 22.73B | 22.43B |
| Cash & Short-Term Investments | 1.95B | 8.38B | 8.33B | 8.12B | 8.96B | 7.92B | 7.99B | 7.84B | 8.01B | 8.32B | 7.73B | 7.88B | 7.96B | 11.14B | 11.43B | 8.87B | 10.57B | 11.22B | 10.67B | 10.6B |
| Cash Only | 1.95B | 1.15B | 1.28B | 1.27B | 2.22B | 1.24B | 1.39B | 1.31B | 1.28B | 1.62B | 1.31B | 1.34B | 1.54B | 4.52B | 4.83B | 2.14B | 3.71B | 3.48B | 2.9B | 3B |
| Short-Term Investments | 7.27B | 7.24B | 7.04B | 6.85B | 6.75B | 6.68B | 6.59B | 6.53B | 6.72B | 6.7B | 6.42B | 6.54B | 6.42B | 6.62B | 6.6B | 6.73B | 6.86B | 7.74B | 7.77B | 7.59B |
| Accounts Receivable | 6.64B | 87M | 6.39B | 6.26B | 6.51B | 6.12B | 6.26B | 6.01B | 6.13B | 5.97B | 5.93B | 5.81B | 6B | 5.89B | 5.63B | 5.31B | 5.55B | 5.45B | 5.49B | 5.43B |
| Days Sales Outstanding | 31.22 | 32.67 | 64.24 | 64.05 | 67.91 | 67.9 | 66.44 | 66.71 | 66.89 | 66.95 | 66.91 | 68.2 | 64.68 | 67.79 | 65.59 | 66.29 | 62.54 | 64.11 | 63.34 | 62.05 |
| Inventory | 5.95B | -803M | 6.16B | -373M | 5.48B | 5.61B | 5.48B | 5.41B | 5.22B | 5.73B | 5.75B | 5.67B | 5.29B | 5.38B | 5.05B | 4.81B | 4.62B | 4.51B | 4.35B | 4.29B |
| Days Inventory Outstanding | 98.96 | 76.93 | 74 | 60.42 | 169.09 | 181.56 | 168.24 | 167.49 | 170.76 | 187.76 | 188.23 | 185.6 | 166.52 | 176.48 | 177.05 | 168.57 | 162.09 | 164 | 157.38 | 150.63 |
| Other Current Assets | 10.24B | 16.4B | 3.12B | 9.21B | 2.86B | 2.87B | 2.71B | 2.68B | 2.58B | 2.5B | 2.66B | 2.52B | 2.42B | 2.96B | 3.29B | 3.15B | 2.32B | 2.12B | 2.22B | 2.12B |
| Total Non-Current Assets | 68.24B | 67.41B | 67.35B | 67.75B | 67.86B | 67.46B | 67.6B | 67.8B | 68.05B | 68.32B | 68.01B | 68.91B | 69.27B | 68.77B | 67.84B | 67.78B | 67.92B | 68.5B | 69.03B | 69.37B |
| Property, Plant & Equipment | 7.42B | -1.42B | 7.16B | -504M | 6.84B | 6.59B | 6.44B | 6.28B | 6.13B | 5.84B | 5.74B | 5.67B | 5.57B | 5.44B | 5.3B | 5.28B | 5.41B | 5.25B | 5.19B | 5.16B |
| Fixed Asset Turnover | 3.27x | 3.14x | 2.69x | 2.71x | 1.33x | 1.27x | 1.32x | 1.28x | 1.44x | 1.40x | 1.40x | 1.37x | 1.55x | 1.44x | 1.43x | 1.38x | 1.52x | 1.49x | 1.52x | 1.54x |
| Goodwill | 42.59B | 41.89B | 41.81B | 42.01B | 41.74B | 40.82B | 41.16B | 41.08B | 40.99B | 41.16B | 40.82B | 41.44B | 41.42B | 41.56B | 40.42B | 40.32B | 40.5B | 41.35B | 41.61B | 41.72B |
| Intangible Assets | 10.15B | 10.34B | 10.77B | 11.22B | 11.67B | 12.19B | 12.42B | 12.82B | 13.22B | 13.69B | 14.06B | 14.43B | 14.84B | 15.27B | 15.65B | 15.77B | 15.59B | 16.08B | 16.52B | 16.89B |
| Long-Term Investments | 1.15B | 1.38B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 6.94B | 15.22B | 7.61B | 15.02B | 7.62B | 7.86B | 7.58B | 7.62B | 7.7B | 7.63B | 7.39B | 7.37B | 7.44B | 6.5B | 6.47B | 6.4B | 6.41B | 5.83B | 5.7B | 5.6B |
| Total Assets | 93.03B | 91.48B | 91.35B | 90.97B | 91.68B | 89.97B | 90.04B | 89.75B | 89.98B | 90.84B | 90.09B | 90.78B | 90.95B | 94.13B | 93.24B | 89.91B | 90.98B | 91.8B | 91.76B | 91.8B |
| Asset Turnover | 0.11x | 0.10x | 0.10x | 0.09x | 0.10x | 0.09x | 0.09x | 0.09x | 0.10x | 0.09x | 0.09x | 0.08x | 0.09x | 0.08x | 0.08x | 0.08x | 0.09x | 0.08x | 0.09x | 0.09x |
| Asset Growth % | 1.47% | 1.68% | 1.45% | 1.36% | 1.89% | -0.95% | -0.05% | -1.13% | -1.06% | -3.5% | -3.38% | 0.96% | -0.04% | 2.54% | 1.62% | -2.06% | -2.26% | -5.62% | -4.31% | -2.24% |
| Total Current Liabilities | 11.66B | 9.49B | 9.94B | 11.53B | 12.88B | 11.84B | 12.2B | 10.29B | 10.79B | 9.79B | 9.66B | 9.05B | 9.05B | 14.42B | 14.46B | 14.05B | 12.39B | 8.93B | 7.8B | 7.76B |
| Accounts Payable | 2.64B | 2.57B | 2.58B | 2.56B | 2.45B | 2.29B | 2.38B | 2.29B | 2.41B | 1.99B | 2.17B | 2.24B | 2.66B | 2.21B | 2.2B | 2.18B | 2.28B | 1.99B | 1.92B | 1.86B |
| Days Payables Outstanding | 100.21 | 74.01 | 65.72 | 59.24 | 72.22 | 76.33 | 72.08 | 74.06 | 68.69 | 68.14 | 72.72 | 82.99 | 76.03 | 74.57 | 78.58 | 79.7 | 75.65 | 72.2 | 68.9 | 69.53 |
| Short-Term Debt | 1.79B | 191M | 1.42B | 2.43B | 2.87B | 2.62B | 3.72B | 1.55B | 1.09B | 1.03B | 1.34B | 519M | 13M | 5.92B | 5.86B | 5.73B | 3.74B | 865M | 16M | 6M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 6.31B | 6.08B | 1M | 2.02B | 2.52B | 2.28B | 1.89B | 1.78B | 2.38B | 2.17B | 1.76B | 1.7B | 1.95B | 2.01B | 1.72B | 1.77B | 2.12B | 2.15B | 1.93B | 1.9B |
| Current Ratio | 2.13x | 2.54x | 2.42x | 2.01x | 1.85x | 1.90x | 1.84x | 2.13x | 2.03x | 2.30x | 2.29x | 2.42x | 2.39x | 1.76x | 1.76x | 1.58x | 1.86x | 2.61x | 2.91x | 2.89x |
| Quick Ratio | 1.62x | 2.62x | 1.80x | 2.05x | 1.42x | 1.43x | 1.39x | 1.61x | 1.55x | 1.71x | 1.69x | 1.79x | 1.81x | 1.39x | 1.41x | 1.23x | 1.49x | 2.10x | 2.36x | 2.34x |
| Cash Conversion Cycle | 29.97 | 35.59 | 72.52 | 65.23 | 164.78 | 173.13 | 162.6 | 160.14 | 168.96 | 186.57 | 182.41 | 170.81 | 155.17 | 169.71 | 164.06 | 155.17 | 148.98 | 155.91 | 151.83 | 143.16 |
| Total Non-Current Liabilities | 31.3B | 32.79B | 32.55B | 31.31B | 30.55B | 28.52B | 29.13B | 31.3B | 28.77B | 29.05B | 28.78B | 30.36B | 30.23B | 28.09B | 26.72B | 23.02B | 25.86B | 30.16B | 31.79B | 32.37B |
| Long-Term Debt | 26.17B | 27.88B | 27.68B | 26.13B | 25.59B | 23.93B | 24.56B | 26.26B | 23.88B | 24.1B | 23.68B | 24.41B | 24.29B | 22.16B | 20.7B | 17.42B | 20.32B | 24.23B | 25.55B | 25.9B |
| Capital Lease Obligations | 1.04B | 58M | 55M | 51M | 52M | 50M | 50M | 52M | 55M | 56M | 56M | 57M | 57M | 55M | 55M | 58M | 56M | 58M | 59M | 60M |
| Deferred Tax Liabilities | 362M | 365M | 386M | 416M | 403M | 452M | 473M | 496M | 515M | 615M | 686M | 687M | 708M | 747M | 871M | 899M | 884M | 968M | 1.02B | 1.05B |
| Other Non-Current Liabilities | 3.68B | 4.45B | 4.39B | 4.71B | 4.5B | 4.08B | 4.05B | 4.49B | 4.33B | 4.28B | 4.35B | 5.21B | 5.18B | 5.14B | 5.09B | 4.64B | 4.61B | 4.91B | 5.16B | 5.36B |
| Total Liabilities | 42.96B | 42.29B | 42.49B | 42.84B | 43.42B | 40.36B | 41.33B | 41.59B | 39.56B | 38.84B | 38.44B | 39.41B | 39.28B | 42.52B | 41.18B | 37.07B | 38.26B | 39.09B | 39.6B | 40.14B |
| Total Debt | 27.96B | 28.07B | 29.1B | 28.61B | 28.52B | 26.61B | 28.33B | 27.86B | 25.02B | 25.18B | 25.08B | 24.98B | 24.36B | 28.13B | 26.62B | 23.21B | 24.11B | 25.16B | 25.62B | 25.96B |
| Net Debt | 26.01B | 26.92B | 27.82B | 27.34B | 26.3B | 25.37B | 26.93B | 26.55B | 23.74B | 23.56B | 23.77B | 23.64B | 22.82B | 23.61B | 21.79B | 21.07B | 20.4B | 21.68B | 22.72B | 22.96B |
| Debt / Equity | 0.56x | 0.57x | 0.60x | 0.59x | 0.59x | 0.54x | 0.58x | 0.58x | 0.50x | 0.48x | 0.49x | 0.49x | 0.47x | 0.54x | 0.51x | 0.44x | 0.46x | 0.48x | 0.49x | 0.50x |
| Debt / EBITDA | 12.77x | 10.48x | 12.80x | 13.05x | 12.53x | 11.42x | 12.48x | 14.36x | 14.66x | 11.81x | 12.47x | 12.88x | 10.86x | 13.58x | 12.83x | 12.94x | 10.22x | 10.79x | 11.44x | 16.97x |
| Net Debt / EBITDA | 11.88x | 10.05x | 12.23x | 12.47x | 11.55x | 10.89x | 11.86x | 13.69x | 13.91x | 11.05x | 11.81x | 12.19x | 10.17x | 11.40x | 10.50x | 11.75x | 8.65x | 9.30x | 10.15x | 15.01x |
| Interest Coverage | 11.37x | 8.76x | 9.82x | 8.39x | 8.25x | 9.60x | 8.46x | 8.59x | 5.23x | 8.83x | 8.29x | 9.08x | 9.29x | 9.23x | 12.82x | 7.37x | 12.20x | 12.60x | 11.98x | 7.08x |
| Total Equity | 50.07B | 49.2B | 48.86B | 48.13B | 48.26B | 49.62B | 48.72B | 48.16B | 50.42B | 52B | 51.65B | 51.37B | 51.66B | 51.62B | 52.06B | 52.67B | 52.72B | 52.71B | 52.16B | 51.66B |
| Equity Growth % | 3.76% | -0.84% | 0.29% | -0.06% | -4.29% | -4.58% | -5.68% | -6.24% | -2.41% | 0.73% | -0.79% | -2.48% | -2% | -2.08% | -0.2% | 1.95% | 2.17% | 3.5% | 3.66% | 2.42% |
| Book Value per Share | 38.87 | 38.19 | 37.95 | 37.40 | 37.47 | 38.57 | 37.86 | 37.15 | 38.04 | 39.04 | 38.78 | 38.51 | 38.76 | 38.75 | 39.08 | 39.47 | 39.20 | 39.04 | 38.49 | 38.09 |
| Total Shareholders' Equity | 49.46B | 48.98B | 48.65B | 47.89B | 48.02B | 49.39B | 48.49B | 47.95B | 50.21B | 51.79B | 51.46B | 51.18B | 51.48B | 51.44B | 51.88B | 52.67B | 52.55B | 52.54B | 51.99B | 51.49B |
| Common Stock | 0 | -181M | 0 | -28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 32.64B | 32.3B | 32.07B | 31.61B | 31.48B | 31.32B | 30.92B | 30.55B | 30.4B | 30.66B | 30.26B | 30.27B | 30.39B | 30.12B | 29.8B | 30.28B | 30.25B | 29.61B | 28.97B | 28.51B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -4.1B | -4.33B | -4.28B | -4.6B | -4.28B | -2.84B | -3.25B | -3.41B | -3.32B | -3.46B | -3.38B | -3.67B | -3.5B | -3.19B | -2.36B | -1.94B | -2.27B | -2.88B | -3.04B | -3.21B |
| Minority Interest | 609M | 211M | 204M | 240M | 232M | 228M | 222M | 213M | 206M | 204M | 187M | 188M | 182M | 177M | 177M | 170M | 171M | 171M | 168M | 178M |