Medtronic Plc Stock Short Ratio

MDT Stock

USD 86.21 1.47 1.73%

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.

Short Long Term Debt Total Total Assets

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Medtronic PLC Company Short Ratio Analysis

Medtronic PLC's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.

Short Ratio

Short Interest

Average Trading Volume

More About Short Ratio | All Equity Analysis

Current Medtronic PLC Short Ratio

2.19 X

Most of Medtronic PLC's fundamental indicators, such as Short 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 Short 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 Short 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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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.

Competition

Predict Medtronic PLC

Based on the latest financial disclosure, Medtronic PLC has a Short Ratio of 2.19 times. This is 43.85% lower than that of the Health Care Equipment & Supplies sector and 41.91% lower than that of the Health Care industry. The short ratio for all United States stocks is 45.25% higher than that of the company.

Medtronic Short 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 Short 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 short 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 PLC Institutional Holders

Institutional Holdings refers to the ownership stake in Medtronic PLC that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Medtronic PLC's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Medtronic PLC's value.

		Shares
Deutsche Bank Ag	2024-06-30	16.7 M
Franklin Resources Inc	2024-09-30	16.6 M
Norges Bank	2024-06-30	15.6 M
Legal & General Group Plc	2024-06-30	11.6 M
Royal Bank Of Canada	2024-06-30	11.4 M
Northern Trust Corp	2024-09-30	11.4 M
Ameriprise Financial Inc	2024-06-30	10.9 M
Amvescap Plc.	2024-06-30	10.8 M
Alliancebernstein L.p.	2024-06-30	10.7 M
Vanguard Group Inc	2024-09-30	123.4 M
Blackrock Inc	2024-06-30	111.9 M

Medtronic Fundamentals

	Return On Equity	0.0795
	Return On Asset	0.0442
	Profit Margin	0.12 %
	Operating Margin	0.18 %
	Current Valuation	130.91 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	2.28 X
	Price To Sales	3.39 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	1.60 X
	Target Price	96.29
	Number Of Employees	95 K
	Beta	0.85
	Market Capitalization	110.57 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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