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Medtronic plc Interest Expense 2013-2024 | MDT

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What is interest expense?

Interest expense represents the cost of borrowing money, including interest paid on bonds, loans, and other debt obligations.

What is Medtronic plc's current interest expense?

Medtronic plc (MDT) annual interest expense for 2024 was $719.0M, a 13.05% increase from 2023. Medtronic plc interest expense for the quarter ending April 26, 2024 was $203.0M.

What was Medtronic plc's interest expense in 2023?

Medtronic plc annual interest expense for 2023 was $636.0M, a 15.01% increase from 2022.

What was Medtronic plc's interest expense in 2022?

Medtronic plc annual interest expense for 2022 was $553.0M, a 40.22% decline from 2021.

What is Medtronic plc's 5-year interest expense CAGR?

Medtronic plc interest expense grew at a compound annual growth rate (CAGR) of 13.02% from FY2019 to FY2024, going from $1.44B to $719.0M over 5 years.

Interest Expense History

Year-over-year comparison from 10-K annual reports

Key Statistics
Trend Direction
Growing
CAGR-13.0%
FY2019
$1.44B
→
FY2024
$719.0M
131415161718192021222324
5 years selected
Interest Expense History
PeriodValueChangeSource
FY2024$719.0M+13.1%10-K
FY2023$636.0M+15.0%10-K
FY2022$553.0M-40.2%10-K
FY2021$925.0M-15.3%10-K
FY2020$1.09B-24.4%10-K
FY2019$1.44B+26.0%10-K
FY2018$1.15B+4.8%10-K
FY2017$1.09B-21.1%10-K
FY2016$1.39B+108.1%10-K
FY2015$666.0M+75.7%10-K
FY2014$379.0M-2.3%10-K
FY2013$388.0M-10-K
Company: Medtronic plcTicker: MDTSector: HealthcareIndustry: Electromedical & Electrotherapeutic ApparatusView company profile →