Baxter International Inc (BAX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 25,782,000 | 28,276,000 | 28,287,000 | 33,521,000 | 20,019,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $25,782,000K
= 0.00
The debt-to-assets ratio for Baxter International Inc has consistently been 0.00 for the years ending December 31, 2020 to December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations and investments, and instead relies on other sources of funding such as equity. A lower debt-to-assets ratio typically suggests lower financial risk and greater financial stability for the company, as it is not highly leveraged. Financially, this could potentially be viewed positively as it indicates a lower level of debt relative to the company's total assets.
Peer comparison
Dec 31, 2024