Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Medtronic's Total Stockholders Equity for the quarter that ended in Apr. 2022 was $52,551 Mil. Medtronic's Total Assets for the quarter that ended in Apr. 2022 was $90,981 Mil.
Therefore, Medtronic's Equity to Asset Ratio for the quarter that ended in Apr. 2022 was 0.58.
The historical rank and industry rank for Medtronic's Equity-to-Asset or its related term are showing as below:
MDT'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.48 Med: 0.63 Max: 0.79
Current: 0.58
During the past 13 years, the highest Equity to Asset Ratio of Medtronic was 0.79. The lowest was 0.48. And the median was 0.63.
MDT's Equity-to-Asset is ranked worse than 59.91% of 848
companies
in the Medical Devices & Instruments industry
Industry Median: 0.67
vs MDT: 0.58
Medtronic Equity-to-Asset Historical Data
The historical data trend for Medtronic's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Medtronic Annual Data
Trend
Apr13
Apr14
Apr15
Apr16
Apr17
Apr18
Apr19
Apr20
Apr21
Apr22
Equity-to-Asset
0.56
0.56
0.56
0.55
0.58
Medtronic Quarterly Data
Jul17
Oct17
Jan18
Apr18
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Equity-to-Asset
0.55
0.56
0.57
0.57
0.58
Competitive Comparison
For the Medical Devices subindustry, Medtronic's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Medtronic Equity-to-Asset Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Medtronic's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Medtronic's Equity-to-Asset falls into.
Medtronic Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Medtronic's Equity to Asset Ratio for the fiscal year that ended in Apr. 2022 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Medtronic (NYSE:MDT) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Medtronic Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Medtronic's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
One of the largest medical device companies, Medtronic develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, heart valves, stents, insulin pumps, spinal fixation devices, neurovascular products, advanced energy, and surgical tools. The company markets its products to healthcare institutions and physicians in the United States and overseas. Foreign sales account for almost 50% of the company's total sales.
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