It was just plain puzzling to read in a major financial journal like Barron’s last week that the debt burden of Medtronic PLC may be a problem.
The columnist said debt has swelled to a “staggering $37 billion.” Gosh, that does seem like a lot — although I calculate a much smaller number, more like $17 billion.
How can there be such divergent views on something as seemingly black and white as what a company actually owes? The reason is that Medtronic, an Ireland-based company run out of headquarters in Fridley, isn’t as easy to understand as it once was.
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The columnist said debt has swelled to a “staggering $37 billion.” Gosh, that does seem like a lot — although I calculate a much smaller number, more like $17 billion.
How can there be such divergent views on something as seemingly black and white as what a company actually owes? The reason is that Medtronic, an Ireland-based company run out of headquarters in Fridley, isn’t as easy to understand as it once was.
Help employers find you! Check out all the jobs and post your resume.
