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.