Baxter International (BAX) Debt Ratio (2009 - 2026)
Baxter International's Debt Ratio was 0.44 in Q3 2026, down 1.8% from 0.45 a year earlier and down 7.3% from the prior quarter.
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Analysis
Baxter International (BAX) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Baxter International came in at 0.47, down 7.2% from FY2024.
- In earlier years, Debt Ratio was 0.51 in FY2024 (+4.7%), 0.49 in FY2023 (-17.3%), 0.59 in FY2022 (+11.6%) and 0.53 in FY2021 (+70.3%).
- The Q3 2026 figure marks the lowest quarterly Debt Ratio since Q3 2021.
- Compared with a year earlier, Debt Ratio was higher in three of the last eight quarters, with an average decline of 2.1%.
- The best year-over-year quarter for Debt Ratio over five years was Q3 2022 (growth of 95.4%); the worst was Q4 2023 (a decline of 17.3%).
- Per Business Quant data, BAX's Debt Ratio in the three quarters before Q3 2026 was 0.48 (Q2 2026), 0.48 (Q1 2026) and 0.47 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 0.36 |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 0.29 |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 0.28 |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | - |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 0.30 |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 0.32 |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 0.26 |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 0.04 |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 0.31 |
| 10 | Baxter International | 13.66 Bn | 5.52 Bn | 994.00 Mn | 0.44 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.44 |
| Jun 30, 2026 | 0.48 |
| 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 | 0.51 |
| Sep 30, 2024 | 0.48 |
| Jun 30, 2024 | 0.49 |
| Mar 31, 2024 | 0.49 |
| Dec 31, 2023 | 0.49 |
| Sep 30, 2023 | 0.54 |
| Jun 30, 2023 | 0.59 |
| Mar 31, 2023 | 0.58 |
| Dec 31, 2022 | 0.59 |
| Sep 30, 2022 | 0.59 |
| Jun 30, 2022 | 0.52 |
| Mar 31, 2022 | 0.52 |
| Dec 31, 2021 | 0.53 |
API Access
Baxter International Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "BAX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();