Baxter International (BAX) Non-Current Debt (2009 - 2026)
Baxter International (BAX) reported Non-Current Debt of $8.62 billion for Q2 2026, down 9.2% from $9.49 billion a year earlier and down 0.1% from the prior quarter.
Powered by 
Analysis
Baxter International (BAX) Non-Current Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Baxter International posted Non-Current Debt of $9.47 billion, down 8.7% from FY2024.
- Non-Current Debt has declined for four consecutive years, though with a five-year compound annual growth rate of 10.4% (FY2020 to FY2025).
- By year, Non-Current Debt came in at $10.37 billion in FY2024 (-6.4%), $11.09 billion in FY2023 (-27.2%), $15.23 billion in FY2022 (-11.2%) and $17.15 billion in FY2021 (+196.4%).
- The Q2 2026 figure ranks as the lowest quarterly Non-Current Debt since Q4 2020.
- Year over year, Non-Current Debt has now declined in each of the last 12 quarters, with an average decline of 12.4% over the last eight quarters.
- The high point for year-over-year Non-Current Debt in five years was Q4 2021 (growth of 196.4%); the low point was Q1 2024 (a decline of 27.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $8.62 billion (Q1 2026), $9.47 billion (Q4 2025) and $8.75 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 257.99 Bn | 237.02 Bn | 4.88 Bn | 39.18 Bn |
| 2 | Abbott Laboratories | 175.01 Bn | 145.44 Bn | 7.27 Bn | 29.60 Bn |
| 3 | Danaher | 164.93 Bn | 148.74 Bn | 3.61 Bn | 25.15 Bn |
| 4 | Intuitive Surgical | 151.84 Bn | 131.26 Bn | 1.96 Bn | - |
| 5 | Medtronic | 119.05 Bn | 84.30 Bn | 6.34 Bn | 25.62 Bn |
| 6 | Stryker | 113.89 Bn | 100.00 Bn | 4.50 Bn | 14.19 Bn |
| 7 | Boston Scientific | 65.37 Bn | 60.13 Bn | 3.85 Bn | 10.92 Bn |
| 8 | Becton Dickinson | 53.36 Bn | 50.51 Bn | 2.32 Bn | 13.51 Bn |
| 9 | Edwards Lifesciences | 50.83 Bn | 34.83 Bn | 1.35 Bn | 598.70 Mn |
| 10 | Baxter International | 12.81 Bn | 4.94 Bn | 1.03 Bn | 8.62 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.62 Bn |
| Mar 31, 2026 | 8.62 Bn |
| Dec 31, 2025 | 9.47 Bn |
| Sep 30, 2025 | 8.75 Bn |
| Jun 30, 2025 | 9.49 Bn |
| Mar 31, 2025 | 9.41 Bn |
| Dec 31, 2024 | 10.37 Bn |
| Sep 30, 2024 | 10.44 Bn |
| Jun 30, 2024 | 10.44 Bn |
| Mar 31, 2024 | 11.09 Bn |
| Dec 31, 2023 | 11.09 Bn |
| Sep 30, 2023 | 14.07 Bn |
| Jun 30, 2023 | 14.31 Bn |
| Mar 31, 2023 | 15.28 Bn |
| Dec 31, 2022 | 15.23 Bn |
| Sep 30, 2022 | 16.15 Bn |
| Dec 31, 2021 | 17.15 Bn |
| Dec 31, 2020 | 5.79 Bn |
| Dec 31, 2019 | 4.81 Bn |
| Jun 30, 2019 | 5.16 Bn |
API Access
Baxter International Non-Current Debt 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=non-current-debt&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();