Baxter International Inc (BAX)

Debt-to-assets 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
Long-term debt US$ in thousands
Total assets US$ in thousands 28,276,000 30,656,000 27,885,000 28,291,000 28,287,000 27,965,000 31,831,000 32,716,000 33,521,000 19,807,000 19,682,000 19,466,000 20,019,000 20,098,000 19,465,000 19,075,000 18,193,000 17,299,000 17,503,000 16,241,000
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $28,276,000K
= 0.00

The debt-to-assets ratio for Baxter International Inc. has been fluctuating over the past eight quarters. The ratio decreased from 0.59 in Q4 2022 to 0.49 in Q4 2023, indicating improved solvency as the company's debt relative to its total assets decreased. However, the ratio increased again in Q3 2023 and Q1 2023, reaching 0.54 and 0.58, respectively.

Overall, the company's debt-to-assets ratio has remained relatively stable, hovering around the 0.52 to 0.59 range over the past two years. This indicates that a significant portion of Baxter International's assets are financed through debt, with approximately 52% to 59% of its total assets being supported by debt obligations.

It is essential for investors and stakeholders to monitor this ratio closely to assess the company's leverage and financial risk. A higher debt-to-assets ratio may indicate higher financial risk and lower solvency, while a lower ratio suggests a stronger financial position with less reliance on debt financing.


Peer comparison

Dec 31, 2023


See also:

Baxter International Inc Debt to Assets (Quarterly Data)