Baxter International Inc (BAX)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	7,503,000	7,210,000	7,229,000	6,060,000
Total current liabilities	US$ in thousands	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	3,230,000	2,611,000	2,557,000	3,276,000
Current ratio		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	2.32	2.76	2.83	1.85

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $9,600,000K ÷ $6,503,000K
= 1.48

The current ratio of Baxter International Inc. has fluctuated over the past eight quarters, ranging from a low of 1.42 in Q2 2023 to a high of 2.11 in Q3 2022. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term obligations, while a ratio above 1 suggests that the company is in a strong position to meet its current liabilities.

In the most recent quarter, Q4 2023, the current ratio stands at 1.48, which is lower than the previous quarter but still above the critical threshold of 1. This implies that Baxter International Inc. may have a slight decrease in its ability to cover its short-term obligations compared to the previous quarter. It is important to monitor this ratio closely in upcoming quarters to assess the company's liquidity position and its ability to manage short-term obligations effectively.