Medtronic MDT Interest coverage
Interest coverage at other companies
Other financials
Where this comes from
Calculated from Medtronic’s reported figures.
Based on trailing twelve months.
The official record: Medtronic’s 10-K, filed June 18, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Medtronic's interest coverage?
- Medtronic (MDT) reported interest coverage of 9.1× in Q1 2026.
- How has Medtronic's interest coverage changed year-over-year?
- Medtronic's interest coverage increased by 10.9% year-over-year, from 8.2× to 9.1×.
- What is the long-term trend for Medtronic's interest coverage?
- Over 5 years (2021 to 2026), Medtronic's interest coverage has grown at a 13.9% compound annual growth rate (CAGR), from 18× to 34.6×.
- What does interest coverage mean?
- How many times the company's operating profit covers its interest bill.
- How do you interpret interest coverage?
- Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
- How does interest coverage compare across companies?
- Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.