Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 30.17% is in line with its 5-year average of 29.06%, near the high end of its 5-year range (25.81%–31.86%).
As of the fiscal period ended Friday, July 31, 2026. 1.69% below its 12-month average of 30.69%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
30.17%
DEBT TO ASSETS RATIO AVG TTM
30.69%
DEBT TO ASSETS RATIO AVG 3Y
30.06%
DEBT TO ASSETS RATIO AVG 5Y
29.06%
DEBT TO ASSETS RATIO AVG 10Y
29.44%
DEBT TO ASSETS RATIO AVG 15Y
30.55%
DEBT TO ASSETS RATIO AVG 20Y
30.84%
CURRENT VS TTM AVG
-1.69%
CURRENT VS 3Y AVG
+0.36%
CURRENT VS 5Y AVG
+3.84%
CURRENT VS 10Y AVG
+2.48%
CURRENT VS 15Y AVG
-1.25%
CURRENT VS 20Y AVG
-2.16%
SECTOR MEDIAN · HEALTHCARE
0.29%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+10486.94%
vs the sector median at left
Medtronic plc
Market Cap
$118.72B
Debt to Assets Ratio
30.17%
TTM Avg
30.69%
3Y Avg
30.06%
5Y Avg
29.06%
Market Cap
$124.54B
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$132.23B
Debt to Assets Ratio
0.49%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$132.44B
Debt to Assets Ratio
0.07%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$104.70B
Debt to Assets Ratio
0.13%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Medtronic plc (MDT) | $118.72B | 30.17% | 30.69% | 30.06% | 29.06% |
| CVS Health Corp. (CVS)vs › | $120.77B | 0.30% | N/A | N/A | N/A |
| Intuitive Surgical, Inc. (ISRG)vs › | $124.54B | 0.00% | N/A | N/A | N/A |
| Bristol-Myers Squibb Company (BMY)vs › | $132.23B | 0.49% | N/A | N/A | N/A |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $132.44B | 0.07% | N/A | N/A | N/A |
| McKesson Corporation (MCK)vs › | $104.70B | 0.13% | N/A | N/A | N/A |
| Stryker Corporation (SYK)vs › | $104.57B | 0.31% | N/A | N/A | N/A |
| Sanofi (SNY)vs › | $103.58B | 0.18% | N/A | N/A | N/A |
| GSK plc (GSK)vs › | $97.72B | 0.30% | N/A | N/A | N/A |
| Danaher Corporation (DHR)vs › | $142.97B | 0.29% | N/A | N/A | N/A |
Debt/Assets
30.2%
Debt/Equity
0.56
Current Ratio
2.07
Interest Coverage
9.0x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-07-31 | 30.17% |
| 2026-04-24 | 30.06% |
| 2026-01-23 | 30.68% |
| 2025-10-24 | 31.86% |
| 2025-07-25 | 31.45% |
| 2025-04-25 | 31.10% |
| 2025-01-24 | 29.57% |
| 2024-10-25 | 31.46% |
| 2024-07-26 | 31.05% |
| 2024-04-26 | 27.81% |
| 2024-01-26 | 27.72% |
| 2023-10-27 | 27.84% |
| 2023-07-28 | 27.52% |
| 2023-04-28 | 26.79% |
| 2023-01-27 | 29.88% |
| 2022-10-28 | 28.55% |
| 2022-07-29 | 25.81% |
| 2022-04-29 | 26.50% |
| 2022-01-28 | 27.40% |
| 2021-10-29 | 27.93% |
| 2021-07-30 | 28.28% |
| 2021-04-30 | 28.35% |
| 2021-01-29 | 31.17% |
| 2020-10-30 | 31.30% |
| 2020-07-31 | 30.55% |
| 2020-04-24 | 27.34% |
| 2020-01-24 | 27.55% |
| 2019-10-25 | 28.15% |
| 2019-07-26 | 28.77% |
| 2019-04-26 | 28.22% |
| 2019-01-25 | 28.21% |
| 2018-10-26 | 28.39% |
| 2018-07-27 | 28.12% |
| 2018-04-27 | 28.19% |
| 2018-01-26 | 30.07% |
| 2017-10-27 | 30.75% |
| 2017-07-28 | 33.91% |
| 2017-04-28 | 33.46% |
| 2017-01-27 | 32.90% |
| 2016-10-28 | 32.82% |
| 2016-07-29 | 32.42% |
| 2016-04-29 | 31.15% |
| 2016-01-29 | 34.81% |
| 2015-10-30 | 34.09% |
| 2015-07-31 | 33.93% |
| 2015-04-24 | 33.84% |
| 2015-01-23 | 52.04% |
| 2014-10-31 | 35.11% |
| 2014-07-31 | 33.90% |
| 2014-04-30 | 31.29% |
| 2014-01-31 | 32.62% |
| 2013-10-31 | 33.41% |
| 2013-07-31 | 31.79% |
| 2013-04-30 | 30.51% |
| 2013-01-31 | 32.19% |
| 2012-10-31 | 33.72% |
| 2012-07-31 | 32.41% |
| 2012-04-30 | 31.64% |
| 2012-01-31 | 32.03% |
| 2011-10-31 | 32.35% |
| 2011-07-31 | 32.33% |
| 2011-04-30 | 31.74% |
| 2011-01-31 | 35.16% |
| 2010-10-31 | 36.04% |
| 2010-07-31 | 36.66% |
| 2010-04-30 | 33.89% |
| 2010-01-31 | 29.51% |
| 2009-10-31 | 30.87% |
| 2009-07-31 | 29.55% |
| 2009-04-30 | 28.63% |
| 2009-01-31 | 29.47% |
| 2008-10-31 | 29.69% |
| 2008-07-31 | 31.38% |
| 2008-04-30 | 31.34% |
| 2008-01-31 | 32.57% |
| 2007-10-31 | 30.95% |
| 2007-07-31 | 30.72% |
| 2007-04-30 | 31.20% |
| 2007-01-31 | 31.31% |
| 2006-10-31 | 32.33% |
| 2006-07-31 | 39.21% |
| 2006-04-30 | 40.29% |
| 2006-01-31 | 21.95% |
| 2005-10-31 | 21.59% |
| 2005-07-31 | 20.29% |
| 2005-04-30 | 14.76% |
| 2005-01-31 | 15.22% |
| 2004-10-31 | 15.58% |
| 2004-07-31 | 16.15% |
| 2004-04-30 | 16.72% |
| 2004-01-31 | 18.35% |
| 2003-10-31 | 19.12% |
| 2003-07-31 | 18.91% |
| 2003-04-30 | 19.20% |
| 2003-01-31 | 20.18% |
| 2002-10-31 | 20.86% |
