Baxter International (BAX) Total Debt (2009 - 2026)
Baxter International's Total Debt came in at $9.46 billion for Q2 2026, down 0.4% from $9.5 billion a year earlier and unchanged from the prior quarter.
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Analysis
Baxter International (BAX) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Baxter International's Total Debt was $9.48 billion, down 27.8% from FY2024.
- Total Debt has declined in each of the last four years, though with a five-year compound annual growth rate of 8.9% (FY2020 to FY2025).
- Going back by year, Total Debt was $13.13 billion in FY2024 (-4.6%), $13.76 billion in FY2023 (-17.3%), $16.64 billion in FY2022 (-5.8%) and $17.66 billion in FY2021 (+185.2%).
- The Q2 2026 figure represents the lowest quarterly Total Debt since Q2 2022.
- Year-over-year, Total Debt has declined for 11 consecutive quarters, with an average decline of 17.5% over the last eight quarters.
- The fastest year-over-year change in Total Debt over five years came in Q4 2021 (growth of 185.2%), and the weakest in Q3 2021 (a decline of 29.8%).
- Business Quant data shows BAX's Total Debt at $9.46 billion (Q1 2026), $9.48 billion (Q4 2025) and $9.5 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 241.25 Bn | 220.40 Bn | 4.88 Bn | 42.55 Bn |
| 2 | Abbott Laboratories | 167.33 Bn | 138.41 Bn | 7.27 Bn | 32.61 Bn |
| 3 | Danaher | 148.83 Bn | 132.65 Bn | 3.61 Bn | 26.56 Bn |
| 4 | Intuitive Surgical | 142.00 Bn | 121.55 Bn | 1.96 Bn | - |
| 5 | Medtronic | 110.70 Bn | 76.57 Bn | 6.34 Bn | 28.15 Bn |
| 6 | Stryker | 104.72 Bn | 90.84 Bn | 4.50 Bn | 14.94 Bn |
| 7 | Boston Scientific | 62.66 Bn | 57.67 Bn | 3.85 Bn | 12.62 Bn |
| 8 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 598.70 Mn |
| 9 | Becton Dickinson | 48.51 Bn | 45.66 Bn | 2.32 Bn | 16.81 Bn |
| 10 | Baxter International | 12.22 Bn | 4.32 Bn | 1.03 Bn | 9.46 Bn |
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 | 13.13 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 | 16.43 Bn |
| Jun 30, 2022 | 408.00 Mn |
| Mar 31, 2022 | 409.00 Mn |
| Dec 31, 2021 | 17.66 Bn |
| Sep 30, 2021 | 510.00 Mn |
API Access
Baxter International Total 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=total-debt&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-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=total-debt&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();