Baxter International (BAX) Debt Ratio (2009 - 2026)
Baxter International (BAX) posted quarterly Debt Ratio of 0.48 for Q2 2026, up 5.9% year-over-year from 0.45 in Q2 2025, and little changed quarter-over-quarter from 0.48 in Q1 2026.
Baxter International (BAX) Debt Ratio (2009 - 2026) Analysis & Trends
Baxter International (BAX) has reported Debt Ratio for 18 consecutive years, with 0.48 the latest figure, recorded in Q2 2026.
- In Q2 2026, Debt Ratio rose 5.9% year-over-year to 0.48; the TTM figure through Jun 2026 stood at 0.48 (up 5.9% YoY), while the FY2025 annual figure was 0.47, down 2.55% from the prior year.
- Debt Ratio steadied at 0.48 in Q2 2026 per BAX's latest filing, from 0.48 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.59 in Q3 2022 and bottomed at 0.01 in Q1 2022.
- Historically, Debt Ratio has averaged 0.45 across 5 years, with a median of 0.48 in 2024.
- Annual changes were most pronounced in 2022 — Debt Ratio sank 43.86% — and 2023, when it soared 4833.11%.
- Baxter International's Debt Ratio stood at 0.58 in 2022, then declined by 15.77% to 0.49 in 2023, then dropped by 0.34% to 0.48 in 2024, then retreated by 2.55% to 0.47 in 2025, then grew by 1.16% to 0.48 in 2026.
- Business Quant data shows BAX's Debt Ratio at 0.48 in Q2 2026, 0.48 in Q1 2026, and 0.47 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 134.13 Bn | 128.91 Bn | 1.96 Bn | - |
| 2 | Becton Dickinson | 52.76 Bn | 51.90 Bn | 2.32 Bn | 0.33 |
| 3 | Alcon | 35.81 Bn | 34.46 Bn | 1.68 Bn | 0.15 |
| 4 | Resmed | 33.72 Bn | 32.25 Bn | 861.22 Mn | 0.07 |
| 5 | Medline | 29.38 Bn | 26.70 Bn | 2.22 Bn | 0.32 |
| 6 | West Pharmaceutical Services | 25.00 Bn | 24.57 Bn | 329.20 Mn | 0.05 |
| 7 | Solventum | 15.46 Bn | 15.06 Bn | 1.29 Bn | 0.36 |
| 8 | Cooper Companies | 14.88 Bn | 14.74 Bn | 735.40 Mn | 0.20 |
| 9 | Baxter International | 13.58 Bn | 11.43 Bn | 1.03 Bn | 0.48 |
| 10 | Align Technology | 11.61 Bn | 10.51 Bn | 757.43 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.48 |
| 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 |