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