Medtronic balance sheet

At the end of fiscal 2026, Medtronic had total assets of $93.03bn, total liabilities of $42.96bn and shareholders' equity of $49.46bn. It held $1.95bn in cash against $28.13bn of debt.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Medtronic: balance sheet, annual
Fiscal year	2013Apr 2013	2014Apr 2014	2015Apr 2015	2016Apr 2016	2017Apr 2017	2018Apr 2018	2019Apr 2019	2020Apr 2020	2021Apr 2021	2022Apr 2022	2023Apr 2023	2024Apr 2024	2025Apr 2025	2026Apr 2026	LTMJul 2026
Cash and equivalents	0.9	1.4	4.8	2.9	5.0	3.7	4.4	4.1	3.6	3.7	1.5	1.3	2.2	1.9	1.7
Receivables	—	3.8	5.1	5.6	5.6	6.0	6.2	4.6	5.5	5.6	6.0	6.1	6.5	6.6	6.4
Inventory	—	1.7	3.5	3.5	3.3	3.6	3.8	4.2	4.3	4.6	5.3	5.2	5.5	6.0	6.2
Total current assets	—	21.2	30.8	23.6	24.9	23.0	22.0	22.0	22.5	23.1	21.7	21.9	23.8	24.8	24.4
Goodwill	10.3	10.6	40.5	41.5	38.5	39.5	40.0	39.8	42.0	40.5	41.4	41.0	41.7	42.6	43.2
Total assets	—	37.9	106.7	99.6	99.9	91.4	89.7	90.7	93.1	91.0	90.9	90.0	91.7	93.0	93.3
Accounts payable	—	0.7	1.6	1.7	1.6	1.6	2.0	2.0	2.1	2.3	2.7	2.4	2.4	2.6	2.7
Total current liabilities	—	5.6	9.2	7.2	14.3	10.1	8.5	10.4	8.5	12.4	9.1	10.8	12.9	11.7	11.8
Short-term debt	—	1.6	2.4	1.0	7.5	2.1	0.8	2.8	0.0	3.7	0.0	1.1	2.9	1.8	2.5
Long-term debt	—	10.3	33.2	29.9	25.9	23.7	24.6	22.1	26.4	20.4	24.3	23.9	25.6	26.2	25.6
Total debt	0.0	11.9	36.2	31.1	33.4	25.8	25.4	24.9	26.6	24.3	24.6	25.2	28.7	28.1	28.2
Total liabilities	—	18.5	53.5	47.6	49.5	40.6	39.5	39.8	41.5	38.3	39.3	39.6	43.4	43.0	42.5
Shareholders' equity	18.7	19.4	53.2	52.1	50.2	50.7	50.1	50.7	51.4	52.6	51.5	50.2	48.0	49.5	50.2
Shares outstanding	—	999m	—	1,399m	1,369m	1,354m	1,341m	1,341m	1,345m	1,331m	1,331m	1,311m	1,282m	1,280m	1,280m

US$ billions unless shown otherwise. Fiscal quarters.

Medtronic: balance sheet, quarterly
Quarter	2025 Q2Oct 2024	2025 Q3Jan 2025	2025 Q4Apr 2025	2026 Q1Jul 2025	2026 Q2Oct 2025	2026 Q3Jan 2026	2026 Q4Apr 2026	2027 Q1Jul 2026
Receivables	6.3	6.1	6.5	6.3	6.4	6.4	6.6	6.4
Inventory	5.5	5.6	5.5	5.9	6.2	6.3	6.0	6.2
Total current assets	22.4	22.5	23.8	23.2	24.0	24.1	24.8	24.4
Goodwill	41.2	40.8	41.7	42.0	41.8	41.9	42.6	43.2
Total assets	90.0	90.0	91.7	91.0	91.3	91.5	93.0	93.3
Accounts payable	2.4	2.3	2.4	2.6	2.6	2.6	2.6	2.7
Total current liabilities	12.2	11.8	12.9	11.5	9.9	9.5	11.7	11.8
Short-term debt	3.7	2.6	2.9	2.4	1.4	0.2	1.8	2.5
Long-term debt	24.6	24.0	25.6	26.2	27.7	27.9	26.2	25.6
Total debt	28.3	26.6	28.5	28.6	29.1	28.1	28.0	28.2
Total liabilities	41.3	40.4	43.4	42.8	42.5	42.3	43.0	42.5
Shareholders' equity	48.5	49.4	48.0	47.9	48.7	49.0	49.5	50.2
Shares outstanding	1,283m	1,283m	1,282m	1,282m	1,282m	1,283m	1,280m	1,280m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Medtronic's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Medtronic.