Is it safe?
Can MDT take a bad year?
Medtronic carries $18.7B of net debt at 2.20× EBITDA: a load its earnings can carry.
$18.7B
Net debt · as at Q4 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.20×
Net debt / EBITDA · 2.45× a year ago · the load is coming down
- Altman Z-score
- 2.72
Altman Z-score · grey zone, between 1.8 and 3
- Interest cover
- 9.06×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ4 2026
- $28.0B
- Cash and short-term investments
- $9.22B
- Net debt
- $18.7B
- EBITDA, trailing twelve months
- $8.52B
- Operating profit, trailing twelve months
- $6.47B
- Debt / equity
- 0.56×
- Total debt / EBITDA
- 3.28×
- Annualised volatilitytwo years of daily moves
- 22%
- Worst drawdown on file
- −45%
- Below its 52-week high
- −11%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Medical Devices
Ranks #11 of 35 by Smart Score