Baxter International (BAX) Debt Ratio (2009 - 2026)

Baxter International's (BAX) quarterly Debt Ratio came in at 0.43 in Q1 2026, down 1.79% year-on-year from 0.44 in Q1 2025, and down 8.05% on a QoQ basis from 0.47 in Q4 2025.

Baxter International (BAX) Debt Ratio (2009 - 2026) Analysis & Trends

Baxter International (BAX) has 18 years of Debt Ratio data on file, last reported at 0.43 in Q1 2026.

  • On a quarterly basis, Debt Ratio fell 1.79% year-over-year to 0.43 in Q1 2026; TTM through Mar 2026 was 0.43, a 1.79% decrease from a year earlier, with the FY2025 full-year figure at 0.47, down 2.56% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.43, down from 0.47 in the prior quarter.
  • Over the last five years, Debt Ratio for BAX reached as high as 0.58 in Q2 2023 and fell as low as 0.01 in Q1 2022.
  • Historically, Debt Ratio has averaged 0.44 across 5 years, with a median of 0.48 in 2024.
  • Across the five-year window, Debt Ratio sank 45.18% in 2022 and soared 4951.51% in 2023, its largest moves.
  • Year by year, Debt Ratio stood at 0.55 in 2022, then fell by 11.39% to 0.49 in 2023, then fell by 0.34% to 0.48 in 2024, then fell by 2.56% to 0.47 in 2025, then retreated by 8.05% to 0.43 in 2026.
  • Per Business Quant data, the three most recent Debt Ratio figures were 0.43 in Q1 2026, 0.47 in Q4 2025, and 0.42 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Alcon 32,734,969.19 Bn 32,734,967.53 Bn 1.53 Bn 0.13
2 Intuitive Surgical 117.50 Bn 112.41 Bn 1.96 Bn -
3 Becton Dickinson 42.93 Bn 42.11 Bn 2.15 Bn 0.34
4 Medline 30.82 Bn 36.66 Bn 1.84 Bn 0.32
5 Resmed 27.90 Bn 26.23 Bn 890.98 Mn 0.08
6 West Pharmaceutical Services 26.76 Bn 26.23 Bn 329.20 Mn 0.05
7 Cooper Companies 15.30 Bn 15.16 Bn 735.40 Mn 0.20
8 Solventum 13.46 Bn 12.90 Bn 1.10 Bn 0.36
9 Align Technology 12.02 Bn 10.96 Bn 736.59 Mn -
10 Baxter International 11.17 Bn 9.12 Bn 891.00 Mn 0.43

Historic Data

Download Data
DateValue
Mar 31, 2026 0.43
Dec 31, 2025 0.47
Sep 30, 2025 0.42
Jun 30, 2025 0.45
Mar 31, 2025 0.44
Dec 31, 2024 0.48
Sep 30, 2024 0.48
Jun 30, 2024 0.49
Mar 31, 2024 0.49
Dec 31, 2023 0.49
Sep 30, 2023 0.52
Jun 30, 2023 0.58
Mar 31, 2023 0.58
Dec 31, 2022 0.55
Sep 30, 2022 0.58
Jun 30, 2022 0.02
Mar 31, 2022 0.01
Dec 31, 2021 0.52
Sep 30, 2021 0.02
Jun 30, 2021 0.02