Medtronic plc (MDTSTOCK) balance sheet

NYSE · Healthcare · Medical - Devices · 95,000 employees · CEO Geoffrey Straub Martha

Price: $96.54 -0.59%
Market cap: $123B
Enterprise value: $150B
Last report: Q1 '27 filed 2026-09-03
Next report: 2026-11-17 EPS est. $1.33

At the end of Q1 '27 Medtronic plc (MDTSTOCK) held $8.82B in cash and short-term investments against $28.2B of debt incl. leases. Total assets $93.3B, total liabilities $42.5B, shareholders' equity $50.2B.

Balance sheet

Balance sheet	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26	Q4 '26	Q1 '27
Assets
Cash & equivalents	$1.31B	$1.62B	$1.28B	$1.31B	$1.39B	$1.24B	$2.22B	$1.27B	$1.28B	$1.15B	$1.95B	$1.69B
Short-term investments	$6.42B	$6.7B	$6.72B	$6.53B	$6.6B	$6.68B	$6.75B	$6.85B	$7.05B	$7.24B	$7.27B	$7.13B
Receivables	$5.93B	$5.97B	$6.13B	$6.01B	$6.26B	$6.12B	$6.52B	$6.26B	$6.39B	$87M	$6.64B	$224M
Inventory	$5.75B	$5.73B	$5.22B	$5.41B	$5.48B	$5.61B	$5.48B	-$373M	$6.16B	-$803M	$5.95B	-$240M
Other current assets	$2.66B	$2.5B	$2.59B	$2.68B	$2.71B	$2.87B	$2.86B	$9.21B	$3.12B	$16.4B	$2.97B	$15.6B
Current assets	$22.1B	$22.5B	$21.9B	$21.9B	$22.4B	$22.5B	$23.8B	$23.2B	$24B	$24.1B	$24.8B	$24.4B
Property, plant & equipment (net)	$5.74B	$5.84B	$6.13B	$6.28B	$6.44B	$6.59B	$6.84B	-$504M	$7.16B	-$1.42B	$7.42B	-$503M
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1.38B	$0	$1.31B
Goodwill	$40.8B	$41.2B	$41B	$41.1B	$41.2B	$40.8B	$41.7B	$42B	$41.8B	$41.9B	$42.6B	$43.2B
Intangible assets	$14.1B	$13.7B	$13.2B	$12.8B	$12.4B	$12.2B	$11.7B	$11.2B	$10.8B	$10.3B	$10.1B	$10.2B
Other non-current assets	$7.39B	$7.64B	$7.7B	$7.62B	$7.58B	$7.86B	$7.62B	$15B	$7.61B	$15.2B	$8.09B	$14.7B
Non-current assets	$68B	$68.3B	$68B	$67.8B	$67.6B	$67.5B	$67.9B	$67.7B	$67.4B	$67.4B	$68.2B	$68.9B
Total assets	$90.1B	$90.8B	$90B	$89.7B	$90B	$90B	$91.7B	$91B	$91.3B	$91.5B	$93B	$93.3B
Liabilities
Accounts payable	$2.17B	$1.99B	$2.41B	$2.29B	$2.38B	$2.29B	$2.45B	$2.56B	$2.58B	$2.57B	$2.64B	$2.7B
Accrued expenses	$3.3B	$3.49B	$3.58B	$3.6B	$3.26B	$3.53B	$3.68B	$3.6B	$5.28B	$0	$3.63B	$0
Short-term debt	$1.34B	$1.03B	$1.09B	$1.55B	$3.72B	$2.62B	$2.87B	$2.43B	$1.42B	$191M	$1.78B	$2.54B
Taxes payable	$1.09B	$1.11B	$1.33B	$1.06B	$947M	$1.13B	$1.36B	$402M	$0	$1.6B	$914M	$199M
Other current liabilities	$1.76B	$2.18B	$2.38B	$1.78B	$1.89B	$2.28B	$2.52B	$2.02B	$1M	$6.09B	$2.68B	$5.51B
Current liabilities	$9.66B	$9.79B	$10.8B	$10.3B	$12.2B	$11.8B	$12.9B	$11.5B	$9.94B	$9.5B	$11.7B	$11.8B
Long-term debt	$23.7B	$24.1B	$23.9B	$26.3B	$24.6B	$23.9B	$25.6B	$26.1B	$27.7B	$27.9B	$26.1B	$25.6B
Lease obligations (non-current)	$56M	$56M	$55M	$52M	$50M	$50M	$52M	$51M	$55M	$58M	$54M	$52M
Deferred tax liabilities	$686M	$615M	$515M	$496M	$473M	$452M	$403M	$416M	$386M	$365M	$362M	$349M
Other non-current liabilities	$4.35B	$4.28B	$4.33B	$4.49B	$4.05B	$4.08B	$4.5B	$4.71B	$4.39B	$4.45B	$4.76B	$4.59B
Non-current liabilities	$28.8B	$29B	$28.8B	$31.3B	$29.1B	$28.5B	$30.5B	$31.3B	$32.6B	$32.8B	$31.3B	$30.7B
Total liabilities	$38.4B	$38.8B	$39.6B	$41.6B	$41.3B	$40.4B	$43.4B	$42.8B	$42.5B	$42.3B	$43B	$42.5B
Equity
Common stock & paid-in capital	$0	$0	$0	$0	$0	$0	$0	-$28M	$0	-$181M	$0	-$247M
Retained earnings	$30.3B	$30.7B	$30.4B	$30.5B	$30.9B	$31.3B	$31.5B	$31.6B	$32.1B	$32.3B	$32.6B	$33.2B
Accumulated other comprehensive income	-$3.38B	-$3.46B	-$3.32B	-$3.41B	-$3.25B	-$2.84B	-$4.28B	-$4.6B	-$4.28B	-$4.33B	-$4.1B	-$3.76B
Shareholders' equity	$51.5B	$51.8B	$50.2B	$47.9B	$48.5B	$49.4B	$48B	$47.9B	$48.7B	$49B	$49.5B	$50.2B
Debt
Total debt (incl. leases)	$25.1B	$25.2B	$25B	$27.9B	$28.3B	$26.6B	$28.5B	$28.6B	$29.1B	$28.1B	$28B	$28.2B
Net debt (debt - cash)	$23.8B	$23.6B	$23.7B	$26.6B	$26.9B	$25.4B	$26.3B	$27.3B	$27.8B	$26.9B	$26B	$26.5B

Balance sheet	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Assets
Cash & equivalents	$4.97B	$3.67B	$4.39B	$4.14B	$3.59B	$3.71B	$1.54B	$1.28B	$2.22B	$1.95B
Short-term investments	$8.74B	$7.56B	$5.46B	$6.81B	$7.22B	$6.86B	$6.42B	$6.72B	$6.75B	$7.27B
Receivables	$5.59B	$5.99B	$6.22B	$4.65B	$5.46B	$5.55B	$6B	$6.13B	$6.52B	$6.64B
Inventory	$3.34B	$3.58B	$3.75B	$4.23B	$4.31B	$4.62B	$5.29B	$5.22B	$5.48B	$5.95B
Other current assets	$2.24B	$2.19B	$2.14B	$2.21B	$1.96B	$2.32B	$2.43B	$2.59B	$2.86B	$2.97B
Current assets	$24.9B	$23B	$22B	$22B	$22.5B	$23.1B	$21.7B	$21.9B	$23.8B	$24.8B
Property, plant & equipment (net)	$4.36B	$4.6B	$4.68B	$4.83B	$5.22B	$5.41B	$5.57B	$6.13B	$6.84B	$7.42B
Goodwill	$38.5B	$39.5B	$40B	$39.8B	$42B	$40.5B	$41.4B	$41B	$41.7B	$42.6B
Intangible assets	$23.4B	$21.7B	$20.6B	$19.1B	$17.7B	$15.6B	$14.8B	$13.2B	$11.7B	$10.1B
Other non-current assets	$8.7B	$2.54B	$2.53B	$4.93B	$5.61B	$6.41B	$7.44B	$7.7B	$7.62B	$8.09B
Non-current assets	$75B	$68.4B	$67.7B	$68.7B	$70.5B	$67.9B	$69.3B	$68B	$67.9B	$68.2B
Total assets	$99.8B	$91.4B	$89.7B	$90.7B	$93.1B	$91B	$90.9B	$90B	$91.7B	$93B
Liabilities
Accounts payable	$1.56B	$1.63B	$1.95B	$2B	$2.11B	$2.28B	$2.66B	$2.41B	$2.45B	$2.64B
Accrued expenses	$2.62B	$3.43B	$2.93B	$2.99B	$3.48B	$3.55B	$3.58B	$3.58B	$3.68B	$3.63B
Short-term debt	$7.52B	$2.06B	$832M	$2.77B	$2M	$3.74B	$13M	$1.09B	$2.87B	$1.78B
Taxes payable	$633M	$979M	$567M	$502M	$435M	$704M	$840M	$1.33B	$0	$914M
Other current liabilities	$1.94B	$1.99B	$2.19B	$2.1B	$2.48B	$2.12B	$1.95B	$2.38B	$2.52B	$2.68B
Current liabilities	$14.3B	$10.1B	$8.47B	$10.4B	$8.51B	$12.4B	$9.05B	$10.8B	$12.9B	$11.7B
Long-term debt	$25.9B	$23.7B	$24.5B	$22B	$26.3B	$20.3B	$24.3B	$23.9B	$25.6B	$26.1B
Lease obligations (non-current)	$23M	$21M	$10M	$45M	$62M	$56M	$57M	$55M	$52M	$54M
Deferred tax liabilities	$2.98B	$1.42B	$1.28B	$1.17B	$1.03B	$884M	$708M	$515M	$403M	$362M
Other non-current liabilities	$6.4B	$5.36B	$5.26B	$6.26B	$5.57B	$4.61B	$5.18B	$4.33B	$4.5B	$4.76B
Non-current liabilities	$35.2B	$30.5B	$31B	$29.5B	$33B	$25.9B	$30.2B	$28.8B	$30.5B	$31.3B
Total liabilities	$49.4B	$40.6B	$39.5B	$39.8B	$41.5B	$38.3B	$39.3B	$39.6B	$43.4B	$43B
Equity
Retained earnings	$23.4B	$24.4B	$26.3B	$28.1B	$28.6B	$30.3B	$30.4B	$30.4B	$31.5B	$32.6B
Accumulated other comprehensive income	-$2.61B	-$1.79B	-$2.71B	-$3.56B	-$3.49B	-$2.27B	-$3.5B	-$3.32B	-$4.28B	-$4.1B
Shareholders' equity	$50.3B	$50.7B	$50.1B	$50.7B	$51.4B	$52.6B	$51.5B	$50.2B	$48B	$49.5B
Debt
Total debt (incl. leases)	$33.4B	$25.8B	$25.3B	$24.8B	$26.4B	$24.1B	$24.4B	$25B	$28.5B	$28B
Net debt (debt - cash)	$28.4B	$22.1B	$20.9B	$20.7B	$22.8B	$20.4B	$22.8B	$23.7B	$26.3B	$26B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-31, 10-K 2026-04-24, 10-Q 2026-01-23, 10-Q 2025-10-24, 10-Q 2025-07-25, 10-K 2025-04-25, 10-Q 2025-01-24, 10-Q 2024-10-25, 10-Q 2024-07-26

Data as of 2026-11-02