Baxter International Inc (BAX)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 8,853,000 | 8,864,000 | 8,593,000 | 9,400,000 | 9,600,000 | 12,034,000 | 8,205,000 | 8,099,000 | 8,011,000 | 7,810,000 | 7,882,000 | 8,173,000 | 8,872,000 | 8,167,000 | 8,004,000 | 7,856,000 | 8,411,000 | 9,033,000 | 8,566,000 | 8,333,000 |
| Total current liabilities | US$ in thousands | 6,511,000 | 6,200,000 | 6,131,000 | 6,365,000 | 6,503,000 | 6,209,000 | 5,765,000 | 4,760,000 | 4,745,000 | 3,708,000 | 3,916,000 | 3,890,000 | 4,236,000 | 3,441,000 | 3,344,000 | 3,187,000 | 3,333,000 | 3,422,000 | 2,880,000 | 3,036,000 |
| Current ratio | 1.36 | 1.43 | 1.40 | 1.48 | 1.48 | 1.94 | 1.42 | 1.70 | 1.69 | 2.11 | 2.01 | 2.10 | 2.09 | 2.37 | 2.39 | 2.47 | 2.52 | 2.64 | 2.97 | 2.74 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $8,853,000K ÷ $6,511,000K
= 1.36
The current ratio of Baxter International Inc has experienced fluctuations over the last few years. The ratio indicates the company's ability to meet its short-term obligations with its current assets.
From March 31, 2020, to December 31, 2021, the current ratio remained relatively stable, ranging between 2.74 and 2.52, suggesting the company had a strong liquidity position during this period. However, a decline in the ratio was observed from March 31, 2022, to June 30, 2024, with the ratio dropping to as low as 1.36 by December 31, 2024.
The decreasing trend in the current ratio since March 2022 raises concerns about Baxter International Inc's ability to cover its short-term liabilities with current assets. Management may need to closely monitor and improve the company's liquidity position to ensure it can meet its financial obligations in the short term.
Peer comparison
Dec 31, 2024