Baxter International (BAX) Total Debt (2009 - 2026)
Baxter International's (BAX) quarterly Total Debt came in at $8.6 billion in Q1 2026, down 8.51% year-on-year from $9.4 billion in Q1 2025, and down 9.0% on a QoQ basis from $9.5 billion in Q4 2025.
Baxter International (BAX) Total Debt (2009 - 2026) Analysis & Trends
Baxter International (BAX) has 18 years of Total Debt data on file, last reported at $8.6 billion in Q1 2026.
- On a quarterly basis, Total Debt fell 8.51% year-over-year to $8.6 billion in Q1 2026; TTM through Mar 2026 was $8.6 billion, a 8.51% decrease from a year earlier, with the FY2025 full-year figure at $9.5 billion, down 24.21% from the prior year.
- Total Debt for Q1 2026 stood at $8.6 billion, down from $9.5 billion in the prior quarter.
- Over the last five years, Total Debt for BAX reached as high as $16.4 billion in Q1 2023 and fell as low as $375.0 million in Q1 2022.
- Historically, Total Debt has averaged $11.3 billion across 5 years, with a median of $12.9 billion in 2024.
- Across the five-year window, Total Debt soared 5267.77% in 2022 and plunged 32.35% in 2025, its largest moves.
- Year by year, Total Debt stood at $15.5 billion in 2022, then declined by 11.43% to $13.8 billion in 2023, then decreased by 9.13% to $12.5 billion in 2024, then retreated by 24.21% to $9.5 billion in 2025, then dropped by 9.0% to $8.6 billion in 2026.
- Per Business Quant data, the three most recent Total Debt figures were $8.6 billion in Q1 2026, $9.5 billion in Q4 2025, and $8.8 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Alcon | 32,734,969.19 Bn | 32,734,967.53 Bn | 1.53 Bn | 4.16 Bn |
| 2 | Intuitive Surgical | 117.50 Bn | 112.41 Bn | 1.96 Bn | - |
| 3 | Becton Dickinson | 42.93 Bn | 42.11 Bn | 2.15 Bn | 17.28 Bn |
| 4 | Medline | 30.82 Bn | 36.66 Bn | 1.84 Bn | 12.57 Bn |
| 5 | Resmed | 27.90 Bn | 26.23 Bn | 890.98 Mn | 664.10 Mn |
| 6 | West Pharmaceutical Services | 26.76 Bn | 26.23 Bn | 329.20 Mn | 202.90 Mn |
| 7 | Cooper Companies | 15.30 Bn | 15.16 Bn | 735.40 Mn | 2.46 Bn |
| 8 | Solventum | 13.46 Bn | 12.90 Bn | 1.10 Bn | 5.08 Bn |
| 9 | Align Technology | 12.02 Bn | 10.96 Bn | 736.59 Mn | - |
| 10 | Baxter International | 11.17 Bn | 9.12 Bn | 891.00 Mn | 8.62 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 9.42 Bn |
| Dec 31, 2024 | 12.50 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 | 15.98 Bn |
| Jun 30, 2023 | 16.23 Bn |
| Mar 31, 2023 | 16.38 Bn |
| Dec 31, 2022 | 15.53 Bn |
| Sep 30, 2022 | 16.16 Bn |
| Jun 30, 2022 | 555.00 Mn |
| Mar 31, 2022 | 375.00 Mn |
| Dec 31, 2021 | 17.36 Bn |
| Sep 30, 2021 | 301.00 Mn |
| Jun 30, 2021 | 406.00 Mn |