Medtronic Plc Stock Current Ratio

MDT Stock

USD 84.74 0.63 0.75%

Medtronic PLC fundamentals help investors to digest information that contributes to Medtronic PLC's financial success or failures. It also enables traders to predict the movement of Medtronic Stock. The fundamental analysis module provides a way to measure Medtronic PLC's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Medtronic PLC stock.

		Last Reported	Projected for Next Year
	Current Ratio	2.03	2.65

Current Ratio is likely to gain to 2.65 in 2024.

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Medtronic PLC Company Current Ratio Analysis

Medtronic PLC's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Ratio

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Medtronic PLC Current Ratio

1.76 X

Most of Medtronic PLC's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Medtronic PLC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Medtronic Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Medtronic PLC is extremely important. It helps to project a fair market value of Medtronic Stock properly, considering its historical fundamentals such as Current Ratio. Since Medtronic PLC's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Medtronic PLC's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Medtronic PLC's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Long Term Debt	Good Will	Short Term Investments	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Investments	Short Long Term Debt	Net Tangible Assets	Deferred Long Term Liab	Long Term Debt Total	Capital Surpluse	Net Invested Capital	Cash And Equivalents	Net Working Capital
Total Assets		0.99	0.97	0.77	0.89	0.99	0.88	0.27	0.86	0.87	0.92	0.93	0.41	-0.98	0.79	0.49	-0.7	-0.86	0.04	0.56	-0.65	-0.53	-0.43	-0.39	0.28
Total Stockholder Equity	0.99		0.94	0.73	0.88	0.96	0.85	0.22	0.82	0.92	0.89	0.94	0.34	-0.99	0.83	0.38	-0.77	-0.88	0.1	0.46	-0.73	-0.62	-0.5	-0.47	0.33
Net Debt	0.97	0.94		0.83	0.89	0.99	0.88	0.3	0.85	0.8	0.92	0.86	0.48	-0.92	0.76	0.63	-0.54	-0.79	0.02	0.67	-0.51	-0.42	-0.34	-0.35	0.14
Retained Earnings	0.77	0.73	0.83		0.77	0.81	0.79	0.04	0.75	0.55	0.83	0.67	0.62	-0.67	0.54	0.67	-0.26	-0.68	-0.1	0.76	-0.15	-0.1	-0.1	-0.12	-0.03
Net Receivables	0.89	0.88	0.89	0.77		0.88	0.91	0.16	0.67	0.79	0.81	0.77	0.53	-0.81	0.75	0.37	-0.57	-0.72	0.05	0.42	-0.52	-0.47	-0.42	-0.42	0.22
Total Liab	0.99	0.96	0.99	0.81	0.88		0.89	0.33	0.89	0.8	0.94	0.91	0.48	-0.94	0.73	0.6	-0.59	-0.8	-0.04	0.67	-0.54	-0.42	-0.32	-0.29	0.22
Total Current Assets	0.88	0.85	0.88	0.79	0.91	0.89		0.27	0.74	0.69	0.85	0.76	0.76	-0.78	0.62	0.49	-0.47	-0.62	-0.06	0.57	-0.4	-0.31	-0.25	-0.22	0.15
Short Term Debt	0.27	0.22	0.3	0.04	0.16	0.33	0.27		0.31	0.06	0.2	0.2	0.13	-0.2	-0.05	0.47	0.04	0.2	-0.23	0.35	-0.15	0.07	0.19	0.27	-0.31
Intangible Assets	0.86	0.82	0.85	0.75	0.67	0.89	0.74	0.31		0.56	0.95	0.89	0.45	-0.83	0.41	0.69	-0.46	-0.71	-0.34	0.81	-0.33	-0.12	0.0	0.04	0.34
Accounts Payable	0.87	0.92	0.8	0.55	0.79	0.8	0.69	0.06	0.56		0.7	0.83	0.14	-0.91	0.95	0.11	-0.88	-0.87	0.41	0.15	-0.85	-0.84	-0.69	-0.74	0.31
Long Term Debt	0.92	0.89	0.92	0.83	0.81	0.94	0.85	0.2	0.95	0.7		0.94	0.54	-0.88	0.6	0.61	-0.56	-0.79	-0.18	0.72	-0.38	-0.26	-0.1	-0.16	0.38
Good Will	0.93	0.94	0.86	0.67	0.77	0.91	0.76	0.2	0.89	0.83	0.94		0.33	-0.95	0.69	0.39	-0.78	-0.85	-0.04	0.5	-0.64	-0.5	-0.26	-0.33	0.49
Short Term Investments	0.41	0.34	0.48	0.62	0.53	0.48	0.76	0.13	0.45	0.14	0.54	0.33		-0.25	0.1	0.52	0.06	-0.13	-0.28	0.58	0.19	0.24	0.26	0.21	-0.08
Common Stock	-0.98	-0.99	-0.92	-0.67	-0.81	-0.94	-0.78	-0.2	-0.83	-0.91	-0.88	-0.95	-0.25		-0.82	-0.38	0.8	0.91	-0.11	-0.46	0.76	0.64	0.51	0.48	-0.36
Property Plant Equipment	0.79	0.83	0.76	0.54	0.75	0.73	0.62	-0.05	0.41	0.95	0.6	0.69	0.1	-0.82		0.08	-0.78	-0.83	0.52	0.09	-0.77	-0.86	-0.75	-0.83	0.19
Current Deferred Revenue	0.49	0.38	0.63	0.67	0.37	0.6	0.49	0.47	0.69	0.11	0.61	0.39	0.52	-0.38	0.08		0.19	-0.21	-0.42	0.95	0.18	0.33	0.34	0.32	-0.28
Long Term Investments	-0.7	-0.77	-0.54	-0.26	-0.57	-0.59	-0.47	0.04	-0.46	-0.88	-0.56	-0.78	0.06	0.8	-0.78	0.19		0.78	-0.36	0.1	0.9	0.86	0.63	0.65	-0.57
Short Long Term Debt	-0.86	-0.88	-0.79	-0.68	-0.72	-0.8	-0.62	0.2	-0.71	-0.87	-0.79	-0.85	-0.13	0.91	-0.83	-0.21	0.78		-0.19	-0.35	0.66	0.65	0.57	0.58	-0.47
Net Tangible Assets	0.04	0.1	0.02	-0.1	0.05	-0.04	-0.06	-0.23	-0.34	0.41	-0.18	-0.04	-0.28	-0.11	0.52	-0.42	-0.36	-0.19		-0.49	-0.47	-0.66	-0.65	-0.78	-0.17
Deferred Long Term Liab	0.56	0.46	0.67	0.76	0.42	0.67	0.57	0.35	0.81	0.15	0.72	0.5	0.58	-0.46	0.09	0.95	0.1	-0.35	-0.49		0.17	0.33	0.32	0.35	-0.11
Long Term Debt Total	-0.65	-0.73	-0.51	-0.15	-0.52	-0.54	-0.4	-0.15	-0.33	-0.85	-0.38	-0.64	0.19	0.76	-0.77	0.18	0.9	0.66	-0.47	0.17		0.92	0.79	0.71	-0.28
Capital Surpluse	-0.53	-0.62	-0.42	-0.1	-0.47	-0.42	-0.31	0.07	-0.12	-0.84	-0.26	-0.5	0.24	0.64	-0.86	0.33	0.86	0.65	-0.66	0.33	0.92		0.87	0.89	-0.25
Net Invested Capital	-0.43	-0.5	-0.34	-0.1	-0.42	-0.32	-0.25	0.19	0.0	-0.69	-0.1	-0.26	0.26	0.51	-0.75	0.34	0.63	0.57	-0.65	0.32	0.79	0.87		0.81	-0.11
Cash And Equivalents	-0.39	-0.47	-0.35	-0.12	-0.42	-0.29	-0.22	0.27	0.04	-0.74	-0.16	-0.33	0.21	0.48	-0.83	0.32	0.65	0.58	-0.78	0.35	0.71	0.89	0.81		-0.14
Net Working Capital	0.28	0.33	0.14	-0.03	0.22	0.22	0.15	-0.31	0.34	0.31	0.38	0.49	-0.08	-0.36	0.19	-0.28	-0.57	-0.47	-0.17	-0.11	-0.28	-0.25	-0.11	-0.14

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Medtronic Current Ratio Historical Pattern

Today, most investors in Medtronic PLC Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Medtronic PLC's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Medtronic PLC current ratio as a starting point in their analysis.

Medtronic PLC Current Ratio

Timeline

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Competition

Predict Medtronic PLC

Current Ratio Over Time

In accordance with the recently published financial statements, Medtronic PLC has a Current Ratio of 1.76 times. This is 39.52% lower than that of the Health Care Equipment & Supplies sector and 48.24% lower than that of the Health Care industry. The current ratio for all United States stocks is 18.52% higher than that of the company.

Medtronic Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Medtronic PLC's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Medtronic PLC could also be used in its relative valuation, which is a method of valuing Medtronic PLC by comparing valuation metrics of similar companies.

Medtronic PLC is currently under evaluation in current ratio category among its peers.

Medtronic PLC ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Medtronic PLC's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Medtronic PLC's managers, analysts, and investors.

Environmental

Governance

Social

Medtronic Fundamentals

	Return On Equity	0.0795
	Return On Asset	0.0442
	Profit Margin	0.12 %
	Operating Margin	0.18 %
	Current Valuation	128.21 B
	Shares Outstanding	1.28 B
	Shares Owned By Insiders	0.25 %
	Shares Owned By Institutions	85.40 %
	Number Of Shares Shorted	10.18 M
	Price To Earning	20.44 X
	Price To Book	2.22 X
	Price To Sales	3.31 X
	Revenue	32.36 B
	Gross Profit	21.71 B
	EBITDA	9.06 B
	Net Income	3.68 B
	Cash And Equivalents	1.54 B
	Cash Per Share	8.59 X
	Total Debt	26.05 B
	Debt To Equity	0.51 %
	Current Ratio	1.76 X
	Book Value Per Share	38.29 X
	Cash Flow From Operations	6.79 B
	Short Ratio	2.19 X
	Earnings Per Share	3.27 X
	Price To Earnings To Growth	1.56 X
	Target Price	96.29
	Number Of Employees	95 K
	Beta	0.85
	Market Capitalization	107.88 B
	Total Asset	89.98 B
	Retained Earnings	30.4 B
	Working Capital	11.15 B
	Current Asset	23.6 B
	Current Liabilities	7.17 B
	Annual Yield	0.03 %
	Five Year Return	2.18 %
	Net Asset	89.98 B

About Medtronic PLC Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Medtronic PLC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Medtronic PLC using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Medtronic PLC based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When running Medtronic PLC's price analysis, check to measure Medtronic PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Medtronic PLC is operating at the current time. Most of Medtronic PLC's value examination focuses on studying past and present price action to predict the probability of Medtronic PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medtronic PLC's price. Additionally, you may evaluate how the addition of Medtronic PLC to your portfolios can decrease your overall portfolio volatility.

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