MiniMed Group, Inc. (MMED) Balance Sheet

NASDAQ: MMEDAssets, liabilities, debt and equity over 3 years.

MMED balance sheet, FY2026

April 30, 2026 · U.S. dollars

$4.63B assets = $1.02B liabilities + $3.61B equity

Both columns are drawn to the same scale: what MMED owns equals what it owes plus shareholders’ equity. Hover a block for its value.

MMED financial health

Current ratio1.92

Comfortable · current assets cover current liabilities 1.92×

Debt / equity0.04

Low leverage · $0.04 of debt for each $1 of equity

Equity / assets78.0%

Equity-funded · of assets funded by shareholders

Cash / debt205.5%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles51.0%

Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

MMED balance sheet trends, FY2024–FY2026

MiniMed Group, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$4.09BFY2024	$4.63BFY2026	+6.3%/yr
Total liabilities	$646.0MFY2024	$1.02BFY2026	+25.6%/yr
Shareholders’ equity	$3.45BFY2024	$3.61BFY2026	+2.3%/yr
Cash & short-term investments	$54.0MFY2024	$298.0MFY2026	+134.9%/yr
Total debt	$8.0MFY2024	$145.0MFY2026	+325.7%/yr
Net cash (debt)	$46.0MFY2024	$153.0MFY2026	+$107.0M
Working capital	$377.0MFY2024	$646.0MFY2026	+$269.0M
Book value per share	$12.28FY2024	$14.07FY2026	+7.1%/yr
Current ratio	1.73FY2024	1.92FY2026	+0.19
Debt / equity	0.00FY2024	0.04FY2026	+0.04
Shares outstanding	280.8MFY2024	256.6MFY2026	−4.4%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

MMED assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

MMED liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

MMED debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

MMED balance sheet

MiniMed Group, Inc. annual balance sheet
	FY2026	FY2025	FY2024
Assets
Cash & short-term investments	$298.0M	$11.0M	$54.0M
Cash & equivalents	$298.0M	$11.0M	$54.0M
Receivables	$655.0M	$570.0M	$507.0M
Inventory	$341.0M	$310.0M	$292.0M
Other current assets	$54.0M	$48.0M	$42.0M
Total current assets	$1.35B	$939.0M	$895.0M
Property, plant & equipment (net)	$711.0M	$706.0M	$636.0M
Goodwill & intangible assets	$2.36B	$2.39B	$2.42B
Long-term investments	$0	$0	$0
Other non-current assets	$209.0M	$170.0M	$148.0M
Total assets	$4.63B	$4.20B	$4.09B
Liabilities
Accounts payable	$163.0M	$205.0M	$190.0M
Short-term debt	$145.0M	$11.0M	$8.0M
Deferred revenue	$15.0M	$11.0M	$11.0M
Total current liabilities	$702.0M	$710.0M	$518.0M
Long-term debt	$0	$0	$0
Lease obligations	$8.0M	$11.0M	$8.0M
Other long-term liabilities	$317.0M	$160.0M	$128.0M
Total liabilities	$1.02B	$870.0M	$646.0M
Shareholders' equity
Common stock & paid-in capital	$3.0M	—	—
Retained earnings (deficit)	−$116.0M	$0	—
Accumulated other comprehensive income	−$12.0M	$3.0M	−$16.0M
Minority interest	$0	$0	—
Total shareholders' equity	$3.61B	$3.33B	$3.45B
Key figures
Total debt	$145.0M	$11.0M	$8.0M
Net cash (debt)	$153.0M	$0	$46.0M
Working capital	$646.0M	$229.0M	$377.0M
Tangible book value	$1.25B	$945.0M	$1.03B
Book value per share	$14.07	$11.86	$12.28
Shares outstanding	256.6M	280.8M	280.8M
Current ratio	1.92	1.32	1.73
Quick ratio	1.36	0.82	1.08
Debt / equity	0.04	0.00	0.00
Equity / assets	78.0%	79.3%	84.2%

MiniMed Group, Inc. quarterly balance sheet
	Jul '26	Apr '26	Jan '26	Oct '25	Apr '25
Assets
Cash & short-term investments	$207.0M	$298.0M	$10.0M	$350.0M	$11.0M
Cash & equivalents	$207.0M	$298.0M	$10.0M	$350.0M	$11.0M
Receivables	$782.0M	$655.0M	$653.0M	$166.0M	$570.0M
Inventory	$356.0M	$341.0M	$407.0M	$362.0M	$310.0M
Other current assets	$72.0M	$54.0M	$38.0M	$13.0M	$48.0M
Total current assets	$1.42B	$1.35B	$1.11B	$891.0M	$939.0M
Property, plant & equipment (net)	$736.0M	$711.0M	$701.0M	$755.0M	$706.0M
Goodwill & intangible assets	$2.35B	$2.36B	$2.37B	$2.38B	$2.39B
Long-term investments	$0	$0	$0	$0	$0
Other non-current assets	$210.0M	$209.0M	$166.0M	$214.0M	$170.0M
Total assets	$4.72B	$4.63B	$4.34B	$4.24B	$4.20B
Liabilities
Accounts payable	$251.0M	$163.0M	$303.0M	$129.0M	$205.0M
Short-term debt	$9.0M	$145.0M	$11.0M	—	$11.0M
Deferred revenue	—	$15.0M	$13.0M	—	$11.0M
Total current liabilities	$782.0M	$702.0M	$696.0M	$350.0M	$710.0M
Long-term debt	$0	$0	$0	$0	$0
Lease obligations	$9.0M	$8.0M	$11.0M	—	$11.0M
Other long-term liabilities	$316.0M	$317.0M	$184.0M	$141.0M	$160.0M
Total liabilities	$1.10B	$1.02B	$880.0M	$491.0M	$870.0M
Shareholders' equity
Common stock & paid-in capital	$3.0M	$3.0M	—	$3.0M	—
Retained earnings (deficit)	−$116.0M	−$116.0M	—	−$5.0M	$0
Accumulated other comprehensive income	−$14.0M	−$12.0M	$14.0M	$8.0M	$3.0M
Minority interest	—	$0	—	—	$0
Total shareholders' equity	$3.62B	$3.61B	$3.46B	$3.74B	$3.33B
Key figures
Total debt	$59.0M	$145.0M	$11.0M	—	$11.0M
Net cash (debt)	$148.0M	$153.0M	−$1.0M	—	$0
Working capital	$635.0M	$646.0M	$412.0M	$541.0M	$229.0M
Tangible book value	$1.26B	$1.25B	$1.09B	$1.37B	$945.0M
Book value per share	$12.88	$13.47	$12.33	$13.33	$11.86
Shares outstanding	281.0M	268.1M	280.8M	280.8M	280.8M
Current ratio	1.81	1.92	1.59	2.55	1.32
Quick ratio	1.26	1.36	0.95	1.47	0.82
Debt / equity	0.02	0.04	0.00	—	0.00
Equity / assets	76.7%	78.0%	79.7%	88.4%	79.3%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 29, 2026); data from EODHD.

MMED financial position

At the end of fiscal 2026 (April 30, 2026), MiniMed had total assets of $4.6 billion (up 10.2% from a year earlier), total liabilities of $1.0 billion and shareholders' equity of $3.6 billion. It held $298.0 million in cash and short-term investments against $145.0 million of debt, a net cash position of $153.0 million. Its current ratio was 1.92. In the latest quarter (ended July 31, 2026) total assets were $4.7 billion and equity $3.6 billion.

Related: MMED income statement, MMED cash flow statement, MMED key metrics. See the MMED stock overview for the latest quote and news.

MMED balance sheet FAQ

What are MiniMed's total assets?

MiniMed reported total assets of $4.6 billion at the end of fiscal 2026 (April 30, 2026), compared with $4.2 billion a year earlier.

How much debt does MiniMed have?

MiniMed had $145.0 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.04.

How much cash does MiniMed have?

MiniMed held $298.0 million in cash and short-term investments at the end of fiscal 2026; with $145.0 million of debt that is net cash of $153.0 million.

What is MiniMed's book value?

MiniMed's shareholders' equity (book value) was $3.6 billion at the end of fiscal 2026, or $14.07 per share.

What is MiniMed's current ratio?

MiniMed had current assets of $1.3 billion and current liabilities of $702.0 million, a current ratio of 1.92 (it can cover its short-term obligations).

How much goodwill does MiniMed have?

MiniMed carried $2.4 billion of goodwill and intangible assets, 51.0% of total assets, at the end of fiscal 2026.