Baxter International Inc (BAX)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,764,000 | 3,194,000 | 1,718,000 | 2,951,000 | 3,730,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,511,000 | 6,503,000 | 4,745,000 | 4,236,000 | 3,333,000 |
| Quick ratio | 0.27 | 0.49 | 0.36 | 0.70 | 1.12 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,764,000K
+ $—K
+ $—K)
÷ $6,511,000K
= 0.27
The quick ratio of Baxter International Inc has shown a decreasing trend over the past five years, declining from 1.12 as of December 31, 2020, to 0.27 as of December 31, 2024. This suggests a weakening liquidity position for the company as the ratio indicates the ability to meet short-term obligations with its most liquid assets. A quick ratio below 1.0 may signal potential difficulties in meeting immediate financial obligations. Baxter International Inc may need to closely monitor its liquidity management strategies to ensure it can efficiently cover its short-term liabilities.
Peer comparison
Dec 31, 2024