MedtronicXSWX:MDT +1.21%21 Interest Coverage is 11.44 as of Apr. 2026, which is 74% above its 10-year median of 6.58. GuruFocus rates XSWX:MDT with a GF Score™ of 21/100 and a GF Value™ of CHF80.97 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 468 Medical Devices & Instruments companies, Medtronic ranks worse than 60.26% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Medtronic's
Operating Income
for the
three
months ended in Apr. 2026 was CHF1,585 Mil. Medtronic's Interest Expense for the
three
months ended in Apr. 2026 was CHF-139 Mil.
Medtronic's interest coverage for the quarter that ended in Apr. 2026 was 11.44.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Medtronic's Interest Coverage or its related term are showing as below:
XSWX:MDT'
s Interest Coverage Range Over the Past 10 Years
Min: 4.59 Med: 6.58 Max: 10.68
Current: 9.56
XSWX:MDT's Interest Coverage is ranked worse than 60.26% of 468
companies
in the Medical Devices & Instruments industry
Industry Median: 15.71
vs XSWX:MDT: 9.56
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Medtronic Interest Coverage Related Terms
Medtronic Interest Coverage Historical Data
* Premium members only.
The historical data trend for Medtronic's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
XSWX:MDT vs SYK, BSX, EW: Interest Coverage Comparison
For the Medical Devices subindustry, Medtronic's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Medtronic's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Medtronic's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (XSWX:MDT) has a Interest Coverage of 11.44 as of Apr. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Medtronic and its competitors. This is 74% above median its historical median of 6.58. Over the past decade, Medtronic's Interest Coverage has ranged from 4.59 to 10.68. According to the industry distribution chart, Medtronic ranks #282 out of 468 companies in the Medical Devices & Instruments industry, placing it in the top 60.3%.
Is Medtronic's Interest Coverage too high?
Medtronic's current Interest Coverage of 11.44 is 74% above median its 10-year median of 6.58. Over the past 10 years, this metric has ranged from a low of 4.59 to a high of 10.68. The Medical Devices & Instruments industry median Interest Coverage is 15.71. Medtronic's value of 11.44 is 27.2% below this industry median. Based on the distribution chart, Medtronic ranks #282 out of 468 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Medtronic has a GF Score™ of 21/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Medtronic's Interest Coverage compare to SYK and BSX?
According to the Medical Devices & Instruments industry distribution chart, Medtronic ranks #282 out of 468 companies for Interest Coverage. This places Medtronic in the lower half of its industry. The industry median Interest Coverage is 15.71. Medtronic's value of 11.44 is 27.2% below this benchmark. Historically, Medtronic's own Interest Coverage has ranged from 4.59 to 10.68 over the past decade. While the company's 10-year median is 6.58 vs. the industry median of 15.71, Medtronic has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Medical Devices & Instruments company?
The median Interest Coverage among Medical Devices & Instruments companies is 15.71, based on 468 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Medtronic's current Interest Coverage of 11.44 is 27.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Medtronic and its competitors. For the Medical Devices & Instruments industry, the median Interest Coverage is 15.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medtronic's current Interest Coverage is 11.44, which is 74% above median its own 10-year median of 6.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medtronic stock overvalued right now?
Based on GuruFocus' analysis, Medtronic (XSWX:MDT) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF80.97, compared to a current price of CHF65.29 — trading 19.4% below its estimated fair value. The current Interest Coverage is 11.44, which is 74% above median its 10-year median of 6.58 and 27.2% below the Medical Devices & Instruments industry median of 15.71. Medtronic's overall GF Score™ is 21/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Medtronic (XSWX:MDT), the current Interest Coverage is 11.44 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Medtronic (XSWX:MDT) Overvalued in 2026?
Based on GuruFocus' analysis, Medtronic stock appears to be undervalued.
The current stock price of CHF65.29 is trading 19.4% below its estimated GF Value™ of CHF80.97.
GuruFocus considers Medtronic to be Modestly Undervalued.
Key valuation signals for XSWX:MDT:
Interest Coverage: 11.44 (74% above median its 10-year median of 6.58)
GF Value™: CHF80.97 vs. price of CHF65.29 (19.4% below fair value)
Industry Position: 27.2% below the Medical Devices & Instruments median (#282 of 468)
No single metric tells the full story. See the XSWX:MDT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
One of the largest medical-device companies, Medtronic develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, transcatheter heart valves, stents, spinal fixation devices, neurovascular products, advanced energy, ablation laser therapy, and surgical tools. The company primarily markets its products to healthcare institutions and physicians in the United States, Western Europe, and Japan. Foreign sales account for roughly 50% of the company's total sales.
21GF Score
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