Total Debt for Medtronic (MDT)
According to Medtronic's latest reported financial statements, the company's latest reported total debt is $28.07B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
MDT
Currently viewingTotal DebtSwitch metric
Latest period
$28.07B
YoY change
+14.0%
5Y CAGR
+2.8%
Peak year (2015)
$36.11B
Latest annual
$28.52B
Total Debt history chart for Medtronic (MDT) from 1986 to 2025
Total Debt history table for Medtronic (MDT) from 1986 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $28.52B | +14.0% | ||
| 2024 | $25.02B | +2.7% | ||
| 2023 | $24.36B | +1.0% | ||
| 2022 | $24.11B | -8.6% | ||
| 2021 | $26.39B | +6.4% | ||
| 2020 | $24.80B | -2.0% | ||
| 2019 | $25.32B | -1.7% | ||
| 2018 | $25.76B | -22.9% | ||
| 2017 | $33.40B | +7.7% | ||
| 2016 | $31.01B | -14.1% | ||
| 2015 | $36.11B | +204.1% | ||
| 2014 | $11.87B | +11.8% | ||
| 2013 | $10.62B | +1.4% | ||
| 2012 | $10.47B | +8.4% | ||
| 2011 | $9.66B | +1.4% | ||
| 2010 | $9.52B | +40.5% | ||
| 2009 | $6.78B | -2.6% | ||
| 2008 | $6.96B | +14.3% | ||
| 2007 | $6.09B | -23.2% | ||
| 2006 | $7.92B | +223.1% | ||
| 2005 | $2.45B | +3.9% | ||
| 2004 | $2.36B | -0.3% | ||
| 2003 | $2.37B | -6.3% | ||
| 2002 | $2.53B | +1491.4% | ||
| 2001 | $158.70M | -52.2% | ||
| 2000 | $332.10M | +26.5% | ||
| 1999 | $262.60M | +36.8% | ||
| 1998 | $192.00M | +59.5% | ||
| 1997 | $120.40M | +58.8% | ||
| 1996 | $75.80M | +58.9% | ||
| 1995 | $47.70M | -39.2% | ||
| 1994 | $78.40M | -23.7% | ||
| 1993 | $102.80M | +15.2% | ||
| 1992 | $89.20M | -9.7% | ||
| 1991 | $98.80M | +4.8% | ||
| 1990 | $94.30M | +18.0% | ||
| 1989 | $79.90M | +33.4% | ||
| 1988 | $59.90M | +60.2% | ||
| 1987 | $37.40M | -19.7% | ||
| 1986 | $46.60M | — |
Total Debt values are taken from Medtronic's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Medtronic (MDT) most recent annual total debt stands at $28.52B (2025) – grew 14.0% year-over-year.
Medtronic total debt compound annual growth for the 2020–2025 (5 years) window is +2.8%, with the latest reading among the more recent periods of the dataset.
The highest annual total debt of $36.11B was reported in 2015. The lowest in the available history was $37.40M in 1987.
Among 8 Healthcare peers, Medtronic (MDT) ranks 9th; the peer median for total debt is $52.57B.
Medtronic Total Debt by Year
Medtronic Total Debt 2025: $28.52B
Medtronic total debt in 2025 was $28.52B, grew 14.0% from 2024.
Medtronic Total Debt 2024: $25.02B
Medtronic total debt in 2024 was $25.02B, edged up 2.7% from 2023.
Medtronic Total Debt 2023: $24.36B
Medtronic total debt in 2023 was $24.36B, edged up 1.0% from 2022.
Medtronic Total Debt 2022: $24.11B
Medtronic total debt in 2022 was $24.11B, declined 8.6% below 2021.
Medtronic Total Debt 2021: $26.39B
Medtronic total debt in 2021 was $26.39B.
See more financial history for Medtronic (MDT).
Sector peers — Total Debt
Companies in the same sector as Medtronic, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $130.96B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $78.39B | Healthcare |
| AbbVie Inc. (ABBV) | $69.07B | Healthcare |
| Amgen Inc. (AMGN) | $54.60B | Healthcare |
| Merck & Co., Inc. (MRK) | $50.53B | Healthcare |
| Johnson & Johnson (JNJ) | $47.93B | Healthcare |
| Eli Lilly and Company (LLY) | $42.50B | Healthcare |
| AstraZeneca PLC (AZN) | $29.70B | Healthcare |
Frequently asked questions
What is Medtronic's total debt?
- Latest reported total debt for Medtronic (MDT) is $28.07B (period ending January 23, 2026).
How has Medtronic total debt changed year-over-year?
- Medtronic (MDT) total debt changed +14.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Medtronic total debt?
- Medtronic (MDT) total debt compound annual growth rate is +2.8% over the most recent 5 years available.
When did Medtronic total debt hit its highest annual value?
- Medtronic total debt reached its highest annual value of $36.11B in 2015.
What was Medtronic total debt in 2024?
- Medtronic (MDT) total debt in 2024 was $25.02B.
What was Medtronic total debt in 2025?
- Medtronic (MDT) total debt in 2025 was $28.52B.
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