Medtronic: Improved Fundamentals But At A Lofty Price [Seeking Alpha]
Medtronic plc. Ordinary Shares (MDT)
Last medtronic plc. ordinary shares earnings: 2/18 06:45 am
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US:NYSE Investor Relations:
investorrelations.medtronic.com
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Source: Seeking Alpha
Medtronic: Improved Fundamentals But At A Lofty Price Summary Medtronic carries a high proportion of goodwill on its balance sheet, which has slowed down its return on the invested capital ratio for the last five years. Compared to its peers, Medtronic’s profitability metrics are average. The recent acquisition of Mazor Robotics could be a game changer and help to improve Medtronic’s earnings. I analyze the early outcomes from its latest earnings released. My investment standpoint Medtronic ( MDT The goodwill burden Medtronic's balance sheet has the heaviest concentration of goodwill assets among its peers. Source: latest 10-K filings. Also, if I look at Medtronic’s total intangible assets to total assets ratio, I get an excessive 69%. It reminds me of GE Healthcare’s ( JNJ The most significant increase in the goodwill line happened in 2015 with the Covidien merger. Although the merger increased Medtronic’s revenues by 42.3% in FY 2016, it also reduced overall profitability, as I am g
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News
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- Durable Medical Equipment Market To Reach USD 339.7 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- Americans favor quality over quantity in pursuit of longevity [Yahoo! Finance]Yahoo! Finance
- Americans favor quality over quantity in pursuit of longevityPR Newswire
MDT
Earnings
- 2/20/24 - Miss
MDT
Sec Filings
- 4/9/24 - Form 4
- 3/7/24 - Form 4
- 2/27/24 - Form 10-Q
- MDT's page on the SEC website