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

Baxter International (BAX) reported Debt Ratio of 0.48 for Q1 2026, up 0.95% year-over-year from 0.47 in Q1 2025, and up 0.93% quarter-over-quarter 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 0.48 in Q1 2026.

  • Debt Ratio for Q1 2026 came in at 0.48, up 0.95% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.48 (up 0.95% YoY), and the FY2025 annual result was 0.47, up 10.73% from the prior year.
  • Debt Ratio rose to 0.48 in Q1 2026 per BAX's latest filing, from 0.47 in the prior quarter.
  • Over five years, Debt Ratio peaked at 0.59 in Q3 2022 and troughed at 0.39 in Q4 2023.
  • A 5-year average of 0.49 and a median of 0.48 in 2024 frame the typical range for Debt Ratio.
  • The sharpest annual moves came in 2022 and 2023: Debt Ratio soared 105.76% in 2022, then declined 28.57% in 2023.
  • A 5-year view of Debt Ratio shows it stood at 0.55 in 2022, then decreased by 28.57% to 0.39 in 2023, then climbed by 8.79% to 0.43 in 2024, then advanced by 10.73% to 0.47 in 2025, then gained by 0.93% to 0.48 in 2026.
  • Business Quant data shows BAX's Debt Ratio at 0.48 in Q1 2026, 0.47 in Q4 2025, and 0.45 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn -
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 0.34
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 0.32
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 0.03
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 0.05
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn 0.36
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn 0.20
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn -
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 0.48
10 Aptargroup 7.72 Bn 7.52 Bn 351.91 Mn 0.23

Historic Data

Download Data
DateValue
Mar 31, 2026 0.48
Dec 31, 2025 0.47
Sep 30, 2025 0.45
Jun 30, 2025 0.45
Mar 31, 2025 0.47
Dec 31, 2024 0.43
Sep 30, 2024 0.48
Jun 30, 2024 0.49
Mar 31, 2024 0.49
Dec 31, 2023 0.39
Sep 30, 2023 0.48
Jun 30, 2023 0.52
Mar 31, 2023 0.54
Dec 31, 2022 0.55
Sep 30, 2022 0.59
Jun 30, 2022 0.52
Mar 31, 2022 0.52
Dec 31, 2021 0.52
Sep 30, 2021 0.29
Jun 30, 2021 0.29