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Medtronic MDT Finance Lease Liabilities

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Other financials

Income statement

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Revenue$9.8B+9.9%
Gross profit$6.4B+10.9%
Operating income$1.9B+30.4%
Net income$1.2B+17.8%
EPS (diluted)$0.97+18.3%

Balance sheet

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Cash & equivalents$1.9B-12.1%
Total debt$29.2B-1.6%
Total equity$49.5B+3.0%
Total assets$93.0B+1.5%

Cash flow

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Operating cash flow$2.6B+1.8%
CapEx$488.0M+6.3%
Free cash flow$2.1B+0.8%

Valuation

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Market cap$109.3B-4.8%
Enterprise value$136.56B-4.0%
P/E22.8×-1.9×
P/S-0.4×

Profitability

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Gross margin65%-0.3pp
Operating margin17.8%0.0pp
Net margin13.2%-0.7pp
FCF margin14.9%-0.5pp

Returns & leverage

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Return on equity9.8%+0.4pp
Debt / equity0.6×0.0×
Current ratio2.1×+0.3×

Where this comes from

Reported directly by Medtronic in its filing.

Tagged under the XBRL concept us-gaap:FinanceLeaseLiabilityNoncurrent.

The source filing: Medtronic’s 10-K, filed June 18, 2026.

Filed
Jun 18, 2026, 4:27 PM EDT
Fiscal year
FY2026
Accession
0001628280-26-044354
(in millions, except interest rates)Maturity by Fiscal YearApril 24, 2026 / AmountApril 24, 2026 / Effective Interest RateApril 25, 2025 / AmountApril 25, 2025 / Effective Interest Rate
4.200 percent twenty-year 2025 senior notes20468814.24
1.750 percent thirty-year 2019 senior notes20501,1741.861,1421.87
1.625 percent thirty-year 2020 senior notes20511,1741.741,1421.75
4.150 percent twenty-nine year 2024 senior notes20548224.198004.19
Finance lease obligations2028 - 20415411.005210.00
Debt discount, net2028 - 2054(57)(59)
Deferred financing costs2028 - 2054(114)(117)
Total long-term debt$26,173$25,642

Item 8. Financial Statements and Supplementary Data

FAQ

What is Medtronic's finance lease liabilities?
Medtronic (MDT) reported finance lease liabilities of $54M in Q1 2026.
How has Medtronic's finance lease liabilities changed year-over-year?
Medtronic's finance lease liabilities increased by 3.8% year-over-year, from $52M to $54M.
What is the long-term trend for Medtronic's finance lease liabilities?
Over 5 years (2021 to 2026), Medtronic's finance lease liabilities has grown at a -2.7% compound annual growth rate (CAGR), from $62M to $54M.
What does finance lease liabilities mean?
Present value of future payments on leases classified as finance leases under ASC 842 — treated similarly to debt on the balance sheet.

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