Baxter International (BAX) Interest Coverage Ratio (2009 - 2026)
Baxter International (BAX) posted quarterly Interest Coverage Ratio of 5.56 for Q2 2026, down 10.7% year-over-year from 6.23 in Q2 2025, and down 119.19% quarter-over-quarter from 2.54 in Q1 2026.
Baxter International (BAX) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Baxter International (BAX) has reported Interest Coverage Ratio for 18 consecutive years, with 5.56 the latest figure, recorded in Q2 2026.
- In Q2 2026, Interest Coverage Ratio fell 10.7% year-over-year to 5.56; the TTM figure through Jun 2026 stood at 1.92 (down 65.29% YoY), while the FY2025 annual figure was 0.57, down 2271.64% from the prior year.
- Interest Coverage Ratio slipped to 5.56 in Q2 2026 per BAX's latest filing, from 2.54 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 5.67 in Q3 2023 and bottomed at 73.79 in Q3 2024.
- Historically, Interest Coverage Ratio has averaged 9.97 across 5 years, with a median of 1.24 in 2022.
- Annual changes were most pronounced in 2023 — Interest Coverage Ratio soared 150.07% — and 2024, when it tumbled 44374.51%.
- Baxter International's Interest Coverage Ratio stood at 2.35 in 2022, then jumped by 150.07% to 1.17 in 2023, then jumped by 70.81% to 2.01 in 2024, then plunged by 350.53% to 5.03 in 2025, then retreated by 10.7% to 5.56 in 2026.
- Business Quant data shows BAX's Interest Coverage Ratio at 5.56 in Q2 2026, 2.54 in Q1 2026, and 5.03 in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 132.51 Bn | 127.30 Bn | 1.96 Bn | - |
| 2 | Becton Dickinson | 51.76 Bn | 50.90 Bn | 2.32 Bn | 5.02 |
| 3 | Alcon | 35.39 Bn | 34.04 Bn | 1.68 Bn | 0.21 |
| 4 | Resmed | 33.45 Bn | 31.98 Bn | 861.22 Mn | - |
| 5 | Medline | 28.29 Bn | 25.61 Bn | 2.22 Bn | - |
| 6 | West Pharmaceutical Services | 24.92 Bn | 24.49 Bn | 329.20 Mn | 68.88 |
| 7 | Solventum | 15.28 Bn | 14.88 Bn | 1.29 Bn | - |
| 8 | Cooper Companies | 14.77 Bn | 14.63 Bn | 735.40 Mn | -1.48 |
| 9 | Baxter International | 13.51 Bn | 11.36 Bn | 1.03 Bn | - |
| 10 | Align Technology | 11.35 Bn | 10.25 Bn | 757.43 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -5.56 |
| Mar 31, 2026 | -5.50 |
| Mar 31, 2025 | -3.41 |
| Dec 31, 2024 | 2.06 |
| Sep 30, 2024 | -73.79 |
| Jun 30, 2024 | -57.28 |
| Mar 31, 2024 | 1.82 |
| Dec 31, 2023 | 1.17 |
| Sep 30, 2023 | 5.67 |
| Jun 30, 2023 | -0.13 |
| Mar 31, 2023 | 1.02 |
| Dec 31, 2022 | -4.80 |
| Sep 30, 2022 | -26.42 |
| Jun 30, 2022 | 2.84 |
| Mar 31, 2022 | 1.85 |
| Dec 31, 2021 | 0.29 |
| Sep 30, 2021 | 9.50 |
| Jun 30, 2021 | 11.46 |
| Mar 31, 2021 | 10.54 |
| Dec 31, 2020 | 9.90 |