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% on a QoQ basis from 0.47 in Q4 2025.
Baxter International (BAX) has 18 years of Debt Ratio data on file, last reported at 0.48 in Q1 2026.
- Quarterly Debt Ratio rose 0.95% year-over-year to 0.48 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.48 (up 0.95% YoY) and the FY2025 annual result came in at 0.47, up 10.73% from the prior year.
- Debt Ratio grew to 0.48 in Q1 2026 per BAX's latest filing, from 0.47 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.59 in Q3 2022 and bottomed at 0.39 in Q4 2023.
- The 5-year median for Debt Ratio is 0.48 (2024), against an average of 0.49.
- The widest annual swing landed in 2022, when Debt Ratio jumped 105.76%; it then slipped 28.57% in 2023.
- Tracing BAX's Debt Ratio over 5 years: stood at 0.55 in 2022, then fell by 28.57% to 0.39 in 2023, then gained by 8.79% to 0.43 in 2024, then rose by 10.73% to 0.47 in 2025, then increased by 0.93% to 0.48 in 2026.
- Per Business Quant, the three latest BAX Debt Ratio figures stand at 0.48 (Q1 2026), 0.47 (Q4 2025), and 0.45 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | - |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 0.34 |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 0.03 |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 0.05 |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 0.36 |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 0.20 |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | - |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 0.48 |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 0.23 |
| 10 | Repligen | 6.39 Bn | 5.41 Bn | 108.28 Mn | 0.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 0.31 |
| Dec 31, 2020 | 0.31 |
| Sep 30, 2020 | 0.32 |
| Jun 30, 2020 | 0.33 |
| Mar 31, 2020 | 0.33 |
| Dec 31, 2019 | 0.28 |
| Sep 30, 2019 | 0.29 |
| Jun 30, 2019 | 0.29 |
| Mar 31, 2019 | 0.21 |
| Dec 31, 2018 | 0.22 |
| Sep 30, 2018 | 0.21 |
| Jun 30, 2018 | 0.21 |
| Mar 31, 2018 | 0.21 |
| Dec 31, 2017 | 0.21 |
| Sep 30, 2017 | 0.20 |
| Jun 30, 2017 | 0.20 |
| Mar 31, 2017 | 0.18 |
| Dec 31, 2016 | 0.18 |
| Sep 30, 2016 | 0.18 |
| Jun 30, 2016 | 0.15 |
| Mar 31, 2016 | 0.17 |
| Dec 31, 2015 | 0.27 |
| Sep 30, 2015 | 0.29 |
| Jun 30, 2015 | 0.42 |
| Mar 31, 2015 | 0.32 |
| Dec 31, 2014 | 0.32 |
| Sep 30, 2014 | 0.32 |
| Jun 30, 2014 | 0.30 |
| Mar 31, 2014 | 0.34 |
| Dec 31, 2013 | 0.33 |
| Sep 30, 2013 | 0.36 |
| Jun 30, 2013 | 0.38 |
| Mar 31, 2013 | 0.27 |
| Dec 31, 2012 | 0.29 |
| Jun 30, 2012 | 0.26 |
| Mar 31, 2012 | 0.26 |
| Dec 31, 2011 | 0.26 |
| Sep 30, 2011 | 0.25 |
| Jun 30, 2011 | 0.25 |
| Mar 31, 2011 | 0.25 |
| Dec 31, 2010 | 0.25 |
| Sep 30, 2010 | 0.28 |
| Jun 30, 2010 | 0.29 |
| Mar 31, 2010 | 0.24 |
| Dec 31, 2009 | 0.24 |
| Sep 30, 2009 | 0.25 |
| Jun 30, 2009 | 0.24 |