Baxter International (BAX) Interest Coverage Ratio (2009 - 2026)

Baxter International's (BAX) quarterly Interest Coverage Ratio came in at 5.5 in Q1 2026, down 61.21% year-on-year from 14.18 in Q1 2025, and down 61.21% on a QoQ basis from 3.41 in Q1 2025.

Baxter International (BAX) Interest Coverage Ratio (2009 - 2026) Analysis & Trends

Baxter International (BAX) has 18 years of Interest Coverage Ratio data on file, last reported at 5.5 in Q1 2026.

  • On a quarterly basis, Interest Coverage Ratio fell 61.21% year-over-year to 5.5 in Q1 2026; TTM through Mar 2026 was 6.87, a 7.24% decrease from a year earlier, with the FY2025 full-year figure at 0.57, down 2271.64% from the prior year.
  • Interest Coverage Ratio for Q1 2026 stood at 5.5, down from 3.41 in the prior quarter.
  • Over the last five years, Interest Coverage Ratio for BAX reached as high as 5.67 in Q3 2023 and fell as low as 73.79 in Q3 2024.
  • Historically, Interest Coverage Ratio has averaged 11.06 across 5 years, with a median of 0.44 in 2023.
  • Across the five-year window, Interest Coverage Ratio soared 124.47% in 2023 and sank 44374.51% in 2024, its largest moves.
  • Year by year, Interest Coverage Ratio stood at 4.8 in 2022, then soared by 124.47% to 1.17 in 2023, then jumped by 75.59% to 2.06 in 2024, then sank by 265.43% to 3.41 in 2025, then plunged by 61.21% to 5.5 in 2026.
  • Per Business Quant data, the three most recent Interest Coverage Ratio figures were 5.5 in Q1 2026, 3.41 in Q1 2025, and 2.06 in Q4 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Alcon 32,734,969.19 Bn 32,734,967.53 Bn 1.53 Bn -51.00
2 Intuitive Surgical 117.50 Bn 112.41 Bn 1.96 Bn 33.40
3 Becton Dickinson 42.93 Bn 42.11 Bn 2.15 Bn 0.62
4 Medline 30.82 Bn 36.66 Bn 1.84 Bn 0.60
5 Resmed 27.90 Bn 26.23 Bn 890.98 Mn 76.51
6 West Pharmaceutical Services 26.76 Bn 26.23 Bn 329.20 Mn 1.33
7 Cooper Companies 15.30 Bn 15.16 Bn 735.40 Mn -0.19
8 Solventum 13.46 Bn 12.90 Bn 1.10 Bn 0.39
9 Align Technology 12.02 Bn 10.96 Bn 736.59 Mn 13.52
10 Baxter International 11.17 Bn 9.12 Bn 891.00 Mn -5.50

Historic Data

Download Data
DateValue
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
Sep 30, 2020 11.19