Baxter International (BAX) Debt to Equity (2009 - 2026)
Baxter International (BAX) reported Debt to Equity of $1.57 for Q1 2026, up 10.26% year-over-year from $1.43 in Q1 2025, and up 1.75% quarter-over-quarter from $1.55 in Q4 2025.
Baxter International (BAX) Debt to Equity (2009 - 2026) Analysis & Trends
Baxter International (BAX) has 18 years of Debt to Equity data on file, last reported at $1.57 in Q1 2026.
- Debt to Equity for Q1 2026 came in at $1.57, up 10.26% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.57 (up 10.26% YoY), and the FY2025 annual result was $1.55, down 1.29% from the prior year.
- Debt to Equity rose to $1.57 in Q1 2026 per BAX's latest filing, from $1.55 in the prior quarter.
- Over five years, Debt to Equity peaked at $2.94 in Q3 2022 and troughed at $1.3 in Q2 2025.
- A 5-year average of $1.84 and a median of $1.67 in 2024 frame the typical range for Debt to Equity.
- The sharpest annual moves came in 2022 and 2023: Debt to Equity surged 359.01% in 2022, then tumbled 50.3% in 2023.
- A 5-year view of Debt to Equity shows it stood at $2.63 in 2022, then plunged by 50.3% to $1.31 in 2023, then advanced by 19.59% to $1.57 in 2024, then declined by 1.29% to $1.55 in 2025, then grew by 1.75% to $1.57 in 2026.
- Business Quant data shows BAX's Debt to Equity at $1.57 in Q1 2026, $1.55 in Q4 2025, and $1.31 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 148.09 Bn | 143.69 Bn | 1.83 Bn | - |
| 2 | Becton Dickinson | 41.00 Bn | 39.99 Bn | 2.15 Bn | 0.72 |
| 3 | Medline | 30.38 Bn | 36.22 Bn | 1.84 Bn | 1.12 |
| 4 | Resmed | 28.22 Bn | 26.56 Bn | 890.98 Mn | 0.04 |
| 5 | West Pharmaceutical Services | 23.72 Bn | 23.19 Bn | 296.40 Mn | 0.07 |
| 6 | Solventum | 13.33 Bn | 13.33 Bn | 1.10 Bn | 1.02 |
| 7 | Cooper Companies | 13.12 Bn | 12.99 Bn | 735.40 Mn | 0.30 |
| 8 | Align Technology | 12.86 Bn | 11.80 Bn | 736.59 Mn | - |
| 9 | Baxter International | 10.51 Bn | 8.47 Bn | 891.00 Mn | 1.57 |
| 10 | Aptargroup | 7.72 Bn | 7.52 Bn | 351.91 Mn | 0.45 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.57 |
| Dec 31, 2025 | 1.55 |
| Sep 30, 2025 | 1.31 |
| Jun 30, 2025 | 1.30 |
| Mar 31, 2025 | 1.43 |
| Dec 31, 2024 | 1.57 |
| Sep 30, 2024 | 1.63 |
| Jun 30, 2024 | 1.67 |
| Mar 31, 2024 | 1.67 |
| Dec 31, 2023 | 1.31 |
| Sep 30, 2023 | 1.79 |
| Jun 30, 2023 | 2.58 |
| Mar 31, 2023 | 2.58 |
| Dec 31, 2022 | 2.63 |
| Sep 30, 2022 | 2.94 |
| Jun 30, 2022 | 1.85 |
| Mar 31, 2022 | 1.86 |
| Dec 31, 2021 | 1.91 |
| Sep 30, 2021 | 0.64 |
| Jun 30, 2021 | 0.67 |