Baxter International (BAX) Total Debt (2009 - 2026)
Baxter International's (BAX) quarterly Total Debt came in at $9.5 billion in Q2 2026, little changed year-over-year from $9.5 billion in Q2 2025, and little changed quarter-over-quarter from $9.5 billion in Q1 2026.
Analysis
Baxter International (BAX) Total Debt (2009 - 2026) Analysis & Trends
Baxter International (BAX) has reported Total Debt for 18 consecutive years, with $9.5 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Total Debt changed 0.47% year-over-year to $9.5 billion in Q2 2026; TTM through Jun 2026 was $9.5 billion, a 0.47% change from a year earlier, with the FY2025 full-year figure at $9.5 billion, down 35.21% from the prior year.
- Total Debt was $9.5 billion for Q2 2026 at Baxter International, roughly flat from $9.5 billion in the prior quarter.
- Over five years, Total Debt peaked at $16.7 billion in Q3 2022 and troughed at $584.0 million in Q1 2022.
- A 5-year average of $11.6 billion and a median of $12.9 billion in 2024 frame the typical range for Total Debt.
- Across the five-year window, Total Debt surged 2713.53% in 2023 and tumbled 35.21% in 2025, its largest moves.
- Over 5 years, Total Debt stood at $16.6 billion in 2022, then slipped by 17.31% to $13.8 billion in 2023, then increased by 6.32% to $14.6 billion in 2024, then plunged by 35.21% to $9.5 billion in 2025, then retreated by 0.18% to $9.5 billion in 2026.
- The last three Total Debt figures came in at $9.5 billion (Q2 2026), $9.5 billion (Q1 2026), and $9.5 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Becton Dickinson | 49.48 Bn | 48.62 Bn | 2.32 Bn | 16.81 Bn |
| 2 | Medline | 29.24 Bn | 26.56 Bn | 2.22 Bn | 12.58 Bn |
| 3 | West Pharmaceutical Services | 23.94 Bn | 23.51 Bn | 329.20 Mn | 202.90 Mn |
| 4 | Baxter International | 12.66 Bn | 10.51 Bn | 1.03 Bn | 9.46 Bn |
| 5 | Stevanato Group S.p.A | 5.51 Bn | 5.40 Bn | 100.91 Mn | 518.69 Mn |
| 6 | Acme United | 233.67 Mn | 228.63 Mn | 26.69 Mn | 23.10 Mn |
| 7 | Rockwell Medical | 31.87 Mn | 7.07 Mn | 3.24 Mn | 9.00 Mn |
| 8 | Retractable Technologies | 21.39 Mn | -18.48 Mn | 190,852.00 | 715,921.00 |
| 9 | United Health Products | 9.09 Mn | 9.06 Mn | - | 1.83 Mn |
| 10 | Cuprina Holdings (Cayman) | 7.45 Mn | 4.33 Mn | - | 3.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.46 Bn |
| Mar 31, 2026 | 9.46 Bn |
| Dec 31, 2025 | 9.48 Bn |
| Sep 30, 2025 | 9.50 Bn |
| Jun 30, 2025 | 9.50 Bn |
| Mar 31, 2025 | 10.07 Bn |
| Dec 31, 2024 | 14.63 Bn |
| Sep 30, 2024 | 12.94 Bn |
| Jun 30, 2024 | 12.90 Bn |
| Mar 31, 2024 | 13.73 Bn |
| Dec 31, 2023 | 13.76 Bn |
| Sep 30, 2023 | 16.49 Bn |
| Jun 30, 2023 | 16.48 Bn |
| Mar 31, 2023 | 16.43 Bn |
| Dec 31, 2022 | 16.64 Bn |
| Sep 30, 2022 | 16.70 Bn |
| Jun 30, 2022 | 763.00 Mn |
| Mar 31, 2022 | 584.00 Mn |
| Dec 31, 2021 | 17.75 Bn |
| Sep 30, 2021 | 602.00 Mn |