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% on a QoQ basis from $1.55 in Q4 2025.
Baxter International (BAX) has 18 years of Debt to Equity data on file, last reported at $1.57 in Q1 2026.
- Quarterly Debt to Equity rose 10.26% year-over-year to $1.57 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.57 (up 10.26% YoY) and the FY2025 annual result came in at $1.55, down 1.29% from the prior year.
- Debt to Equity grew to $1.57 in Q1 2026 per BAX's latest filing, from $1.55 in the prior quarter.
- Across five years, Debt to Equity topped out at $2.94 in Q3 2022 and bottomed at $1.3 in Q2 2025.
- The 5-year median for Debt to Equity is $1.67 (2024), against an average of $1.84.
- The widest annual swing landed in 2022, when Debt to Equity soared 359.01%; it then sank 50.3% in 2023.
- Tracing BAX's Debt to Equity over 5 years: stood at $2.63 in 2022, then slumped by 50.3% to $1.31 in 2023, then rose by 19.59% to $1.57 in 2024, then slipped by 1.29% to $1.55 in 2025, then advanced by 1.75% to $1.57 in 2026.
- Per Business Quant, the three latest BAX Debt to Equity figures stand at $1.57 (Q1 2026), $1.55 (Q4 2025), and $1.31 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | - |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 0.72 |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 0.04 |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 0.07 |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 1.02 |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 0.30 |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | - |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 1.57 |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 0.45 |
| 10 | Repligen | 6.39 Bn | 5.41 Bn | 108.28 Mn | 0.00 |
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 |
| Mar 31, 2021 | 0.72 |
| Dec 31, 2020 | 0.71 |
| Sep 30, 2020 | 0.75 |
| Jun 30, 2020 | 0.78 |
| Mar 31, 2020 | 0.80 |
| Dec 31, 2019 | 0.64 |
| Sep 30, 2019 | 0.66 |
| Jun 30, 2019 | 0.66 |
| Mar 31, 2019 | 0.45 |
| Dec 31, 2018 | 0.44 |
| Sep 30, 2018 | 0.38 |
| Jun 30, 2018 | 0.40 |
| Mar 31, 2018 | 0.39 |
| Dec 31, 2017 | 0.39 |
| Sep 30, 2017 | -0.88 |
| Jun 30, 2017 | -0.83 |
| Mar 31, 2017 | 929.00 |
| Dec 31, 2016 | 0.34 |
| Sep 30, 2016 | 69.27 |
| Jun 30, 2016 | -0.57 |
| Mar 31, 2016 | 2.61 |
| Dec 31, 2015 | 25.43 |
| Sep 30, 2015 | 0.74 |
| Jun 30, 2015 | 1.59 |
| Mar 31, 2015 | 1.08 |
| Dec 31, 2014 | -1.03 |
| Sep 30, 2014 | 0.97 |
| Jun 30, 2014 | 0.89 |
| Mar 31, 2014 | 0.99 |
| Dec 31, 2013 | -4.20 |
| Sep 30, 2013 | 1.16 |
| Jun 30, 2013 | 1.24 |
| Mar 31, 2013 | 0.79 |
| Dec 31, 2012 | 8.64 |
| Jun 30, 2012 | 0.74 |
| Mar 31, 2012 | 0.73 |
| Dec 31, 2011 | -1.91 |
| Sep 30, 2011 | 0.63 |
| Jun 30, 2011 | 0.61 |
| Mar 31, 2011 | 0.65 |
| Dec 31, 2010 | -2.04 |
| Sep 30, 2010 | 0.72 |
| Jun 30, 2010 | 0.81 |
| Mar 31, 2010 | 0.61 |
| Dec 31, 2009 | 0.56 |
| Sep 30, 2009 | 0.57 |
| Jun 30, 2009 | 0.58 |