Baxter International (BAX) Debt Ratio (2009 - 2026)
Baxter International's Debt Ratio was 0.48 in Q2 2026, up 5.9% from 0.45 a year earlier and up 0.2% from the prior quarter.
Powered by 
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 Q2 2026 figure marks the highest quarterly Debt Ratio since Q4 2024.
- Compared with a year earlier, Debt Ratio was higher in three of the last eight quarters, with an average decline of 3.1%.
- The best year-over-year quarter for Debt Ratio over five years was Q4 2021 (growth of 70.3%); the worst was Q2 2022 (a decline of 44.8%).
- Per Business Quant data, BAX's Debt Ratio in the three quarters before Q2 2026 was 0.48 (Q1 2026), 0.47 (Q4 2025) and 0.45 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 0.38 |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 0.30 |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 0.29 |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | - |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 0.30 |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 0.31 |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 0.28 |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 0.04 |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 0.33 |
| 10 | Baxter International | 12.41 Bn | 4.52 Bn | 1.03 Bn | 0.48 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 | 0.01 |
| Mar 31, 2022 | 0.01 |
| Dec 31, 2021 | 0.53 |
| Sep 30, 2021 | 0.03 |
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();