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Medtronic carries $19.3B of net debt at 2.19× EBITDA: a load its earnings can carry.
$19.3B
Net debt · as at Q1 2027 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.19×
Net debt / EBITDA · 2.49× a year ago · the load is coming down
- Altman Z-score
- 2.72
Altman Z-score · grey zone, between 1.8 and 3
- Interest cover
- 9.37×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ1 2027
- $28.2B
- Cash and short-term investments
- $8.82B
- Net debt
- $19.3B
- EBITDA, trailing twelve months
- $8.82B
- Operating profit, trailing twelve months
- $6.79B
- Debt / equity
- 0.56×
- Total debt / EBITDA
- 3.19×
- Annualised volatilitytwo years of daily moves
- 22%
- Worst drawdown on file
- −45%
- Below its 52-week high
- 11%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Medical Devices
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