Medtronic Long Term Debt vs Retained Earnings Analysis

MDT Stock

USD 86.27 0.59 0.69%

Medtronic PLC financial indicator trend analysis is infinitely more than just investigating Medtronic PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Medtronic PLC is a good investment. Please check the relationship between Medtronic PLC Long Term Debt and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medtronic PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.

Long Term Debt vs Retained Earnings

Long Term Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Medtronic PLC Long Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Medtronic PLC's Long Term Debt and Retained Earnings is 0.83. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Medtronic PLC, assuming nothing else is changed. The correlation between historical values of Medtronic PLC's Long Term Debt and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Medtronic PLC are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Long Term Debt i.e., Medtronic PLC's Long Term Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Long Term Debt

Long-term debt is a debt that Medtronic PLC has held for over one year. Long-term debt appears on Medtronic PLC balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Medtronic PLC balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Medtronic PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Medtronic PLC current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medtronic PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.At this time, Medtronic PLC's Issuance Of Capital Stock is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 24.28 in 2024, whereas Selling General Administrative is likely to drop slightly above 7.7 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	21.5B	20.5B	21.1B	22.2B
Total Revenue	31.7B	31.2B	32.4B	34.0B

Gross Profit Total Revenue

Medtronic PLC fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Other Liab	Other Assets	Long Term Debt
Total Assets		0.98	0.66	0.86	0.99	0.85	0.97	0.77	0.74	0.99	0.5	0.55	0.89	0.86	0.96	0.86	0.79	0.73	0.99	0.88	0.27	0.86	0.87	0.87	0.2	0.92
Short Long Term Debt Total	0.98		0.54	0.82	0.94	0.78	0.99	0.82	0.77	0.96	0.53	0.64	0.87	0.78	0.98	0.75	0.68	0.63	1.0	0.89	0.36	0.89	0.77	0.92	0.3	0.94
Other Current Liab	0.66	0.54		0.46	0.72	0.76	0.55	0.55	0.31	0.65	0.04	0.25	0.7	0.57	0.58	0.78	0.73	0.49	0.58	0.6	-0.33	0.42	0.75	0.35	-0.4	0.56
Total Current Liabilities	0.86	0.82	0.46		0.86	0.8	0.81	0.46	0.67	0.85	0.71	0.39	0.76	0.79	0.73	0.81	0.85	0.69	0.83	0.74	0.61	0.62	0.81	0.69	0.29	0.67
Total Stockholder Equity	0.99	0.94	0.72	0.86		0.89	0.94	0.73	0.7	0.99	0.49	0.49	0.88	0.89	0.93	0.9	0.85	0.77	0.96	0.85	0.22	0.82	0.92	0.81	0.14	0.89
Property Plant And Equipment Net	0.85	0.78	0.76	0.8	0.89		0.82	0.61	0.35	0.86	0.65	0.22	0.84	0.75	0.74	0.97	0.92	0.69	0.8	0.72	0.06	0.49	0.95	0.57	-0.17	0.66
Net Debt	0.97	0.99	0.55	0.81	0.94	0.82		0.83	0.69	0.95	0.57	0.59	0.89	0.77	0.98	0.79	0.7	0.63	0.99	0.88	0.3	0.85	0.8	0.9	0.23	0.92
Retained Earnings	0.77	0.82	0.55	0.46	0.73	0.61	0.83		0.5	0.73	0.16	0.65	0.77	0.51	0.86	0.56	0.37	0.32	0.81	0.79	0.04	0.75	0.55	0.75	-0.01	0.83
Cash	0.74	0.77	0.31	0.67	0.7	0.35	0.69	0.5		0.72	0.18	0.68	0.55	0.62	0.75	0.38	0.41	0.47	0.77	0.7	0.54	0.86	0.43	0.75	0.58	0.77
Non Current Assets Total	0.99	0.96	0.65	0.85	0.99	0.86	0.95	0.73	0.72		0.51	0.46	0.85	0.89	0.95	0.86	0.81	0.77	0.97	0.81	0.26	0.86	0.89	0.86	0.21	0.9
Non Currrent Assets Other	0.5	0.53	0.04	0.71	0.49	0.65	0.57	0.16	0.18	0.51		0.07	0.45	0.43	0.41	0.58	0.58	0.44	0.5	0.41	0.47	0.2	0.57	0.4	0.22	0.3
Cash And Short Term Investments	0.55	0.64	0.25	0.39	0.49	0.22	0.59	0.65	0.68	0.46	0.07		0.58	0.3	0.65	0.2	0.08	0.1	0.62	0.83	0.29	0.66	0.22	0.66	0.31	0.7
Net Receivables	0.89	0.87	0.7	0.76	0.88	0.84	0.89	0.77	0.55	0.85	0.45	0.58		0.74	0.86	0.81	0.75	0.59	0.88	0.91	0.16	0.67	0.79	0.73	-0.01	0.81
Common Stock Shares Outstanding	0.86	0.78	0.57	0.79	0.89	0.75	0.77	0.51	0.62	0.89	0.43	0.3	0.74		0.77	0.79	0.79	0.95	0.82	0.63	0.26	0.75	0.82	0.75	0.26	0.77
Non Current Liabilities Total	0.96	0.98	0.58	0.73	0.93	0.74	0.98	0.86	0.75	0.95	0.41	0.65	0.86	0.77		0.73	0.62	0.62	0.99	0.88	0.22	0.92	0.75	0.92	0.25	0.96
Inventory	0.86	0.75	0.78	0.81	0.9	0.97	0.79	0.56	0.38	0.86	0.58	0.2	0.81	0.79	0.73		0.95	0.72	0.78	0.69	0.05	0.5	0.99	0.55	-0.17	0.67
Other Current Assets	0.79	0.68	0.73	0.85	0.85	0.92	0.7	0.37	0.41	0.81	0.58	0.08	0.75	0.79	0.62	0.95		0.73	0.71	0.59	0.18	0.45	0.93	0.49	-0.06	0.56
Other Stockholder Equity	0.73	0.63	0.49	0.69	0.77	0.69	0.63	0.32	0.47	0.77	0.44	0.1	0.59	0.95	0.62	0.72	0.73		0.67	0.46	0.18	0.59	0.77	0.58	0.26	0.59
Total Liab	0.99	1.0	0.58	0.83	0.96	0.8	0.99	0.81	0.77	0.97	0.5	0.62	0.88	0.82	0.99	0.78	0.71	0.67		0.89	0.33	0.89	0.8	0.91	0.27	0.94
Total Current Assets	0.88	0.89	0.6	0.74	0.85	0.72	0.88	0.79	0.7	0.81	0.41	0.83	0.91	0.63	0.88	0.69	0.59	0.46	0.89		0.27	0.74	0.69	0.77	0.14	0.85
Short Term Debt	0.27	0.36	-0.33	0.61	0.22	0.06	0.3	0.04	0.54	0.26	0.47	0.29	0.16	0.26	0.22	0.05	0.18	0.18	0.33	0.27		0.31	0.06	0.4	0.68	0.2
Intangible Assets	0.86	0.89	0.42	0.62	0.82	0.49	0.85	0.75	0.86	0.86	0.2	0.66	0.67	0.75	0.92	0.5	0.45	0.59	0.89	0.74	0.31		0.56	0.95	0.47	0.95
Accounts Payable	0.87	0.77	0.75	0.81	0.92	0.95	0.8	0.55	0.43	0.89	0.57	0.22	0.79	0.82	0.75	0.99	0.93	0.77	0.8	0.69	0.06	0.56		0.59	-0.11	0.7
Other Liab	0.87	0.92	0.35	0.69	0.81	0.57	0.9	0.75	0.75	0.86	0.4	0.66	0.73	0.75	0.92	0.55	0.49	0.58	0.91	0.77	0.4	0.95	0.59		0.48	0.94
Other Assets	0.2	0.3	-0.4	0.29	0.14	-0.17	0.23	-0.01	0.58	0.21	0.22	0.31	-0.01	0.26	0.25	-0.17	-0.06	0.26	0.27	0.14	0.68	0.47	-0.11	0.48		0.25
Long Term Debt	0.92	0.94	0.56	0.67	0.89	0.66	0.92	0.83	0.77	0.9	0.3	0.7	0.81	0.77	0.96	0.67	0.56	0.59	0.94	0.85	0.2	0.95	0.7	0.94	0.25

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Medtronic PLC Account Relationship Matchups

Medtronic PLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	90.7B	93.1B	91.0B	90.9B	90.0B	94.5B
Short Long Term Debt Total	24.8B	26.4B	24.1B	24.4B	26.0B	27.3B
Other Current Liab	5.6B	5.8B	5.7B	5.3B	5.8B	6.1B
Total Current Liabilities	10.4B	8.5B	12.4B	9.1B	10.8B	11.3B
Total Stockholder Equity	50.7B	51.4B	52.6B	51.5B	50.2B	52.7B
Property Plant And Equipment Net	4.8B	5.2B	5.4B	5.6B	7.1B	7.5B
Net Debt	20.7B	22.8B	20.4B	22.8B	24.8B	26.0B
Retained Earnings	28.1B	28.6B	30.3B	30.4B	30.4B	31.9B
Cash	4.1B	3.6B	3.7B	1.5B	1.3B	1.6B
Non Current Assets Total	68.7B	70.5B	67.9B	69.3B	68.0B	71.4B
Non Currrent Assets Other	1.6B	1.7B	2.0B	2.3B	5.1B	5.3B
Cash And Short Term Investments	10.9B	10.8B	10.6B	8.0B	8.0B	4.9B
Net Receivables	4.6B	5.5B	5.6B	6.0B	6.1B	6.4B
Common Stock Shares Outstanding	1.4B	1.4B	1.4B	1.3B	1.3B	1.2B
Liabilities And Stockholders Equity	90.7B	93.1B	91.0B	90.9B	90.0B	94.5B
Non Current Liabilities Total	29.5B	33.0B	25.9B	30.2B	28.8B	30.2B
Inventory	4.2B	4.3B	4.6B	5.3B	5.2B	5.5B
Other Current Assets	2.2B	2.0B	2.3B	2.4B	2.6B	2.7B
Other Stockholder Equity	26.2B	26.3B	24.6B	24.6B	23.1B	24.3B
Total Liab	39.8B	41.5B	38.3B	39.3B	39.6B	41.5B
Total Current Assets	22.0B	22.5B	23.1B	21.7B	21.9B	23.0B
Short Term Debt	2.8B	197M	3.7B	200M	1.3B	1.2B
Intangible Assets	19.1B	17.7B	15.6B	14.8B	13.2B	6.9B
Accounts Payable	2.0B	2.1B	2.3B	2.7B	2.4B	2.5B
Other Liab	6.7B	5.8B	5.5B	6.8B	7.8B	3.9B
Other Assets	2.1B	3.5B	1M	(1M)	(1.2M)	(1.1M)
Long Term Debt	22.0B	26.4B	20.4B	24.3B	23.9B	14.3B
Good Will	39.8B	42.0B	40.5B	41.4B	41.0B	21.9B
Short Term Investments	6.8B	7.2B	6.9B	6.4B	6.7B	5.1B
Accumulated Other Comprehensive Income	(3.6B)	(3.5B)	(2.3B)	(3.5B)	(3.3B)	(3.2B)
Common Stock	134.1K	134.5K	133.1K	133.1K	119.8K	113.8K
Property Plant Equipment	4.8B	6.2B	5.4B	6.6B	7.6B	8.0B
Property Plant And Equipment Gross	5.8B	5.2B	13.4B	14.1B	14.1B	14.8B
Short Long Term Debt	2.8B	11M	3.7B	20M	1.1B	1.0B
Net Tangible Assets	50.7B	(8.3B)	(3.5B)	51.5B	59.2B	62.2B
Deferred Long Term Liab	1.2B	1.0B	884M	708M	637.2M	605.3M
Noncontrolling Interest In Consolidated Entity	135M	174M	171M	182M	209.3M	123.1M

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