Baxter International BAX
NYSE BAX
$24.18 -0.21 (-0.87%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Baxter International's (BAX) quarterly Debt Ratio came in at 0.48 in Q2 2026, up 5.84% year-over-year from 0.45 in Q2 2025, and little changed quarter-over-quarter from 0.48 in Q1 2026.

Analysis

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.

  • On a quarterly basis, Debt Ratio rose 5.84% year-over-year to 0.48 in Q2 2026; TTM through Jun 2026 was 0.48, a 5.84% increase from a year earlier, with the FY2025 full-year figure at 0.47, down 16.71% from the prior year.
  • Debt Ratio was 0.48 for Q2 2026 at Baxter International, roughly flat from 0.48 in the prior quarter.
  • Over five years, Debt Ratio peaked at 0.6 in Q3 2022 and troughed at 0.02 in Q1 2022.
  • A 5-year average of 0.46 and a median of 0.49 in 2023 frame the typical range for Debt Ratio.
  • The widest YoY moves for Debt Ratio: up 3153.59% in 2023, down 17.28% in 2023.
  • Over 5 years, Debt Ratio stood at 0.59 in 2022, then declined by 17.28% to 0.49 in 2023, then increased by 16.61% to 0.57 in 2024, then fell by 16.71% to 0.47 in 2025, then grew by 1.15% to 0.48 in 2026.
  • The last three Debt Ratio figures came in at 0.48 (Q2 2026), 0.48 (Q1 2026), and 0.47 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Becton Dickinson 48.41 Bn 47.55 Bn 2.32 Bn 0.33
2 Medline 27.78 Bn 25.10 Bn 2.22 Bn 0.32
3 West Pharmaceutical Services 24.42 Bn 23.98 Bn 329.20 Mn 0.05
4 Baxter International 12.49 Bn 10.34 Bn 1.03 Bn 0.48
5 Stevanato Group S.p.A 5.70 Bn 5.59 Bn 100.91 Mn 0.17
6 Acme United 235.29 Mn 230.25 Mn 26.69 Mn 0.12
7 Rockwell Medical 31.39 Mn 6.60 Mn 3.24 Mn 0.16
8 Retractable Technologies 21.15 Mn -18.72 Mn 190,852.00 0.01
9 United Health Products 8.85 Mn 8.82 Mn - 7.37
10 Cuprina Holdings (Cayman) 7.88 Mn 4.76 Mn - 0.36
Historic Data

Historic Data

Download Data
DateValue
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 0.57
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 0.60
Jun 30, 2022 0.02
Mar 31, 2022 0.02
Dec 31, 2021 0.53
Sep 30, 2021 0.03