Baxter International Inc (BAX)

Debt-to-capital 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 stockholders’ equity US$ in thousands 8,402,000 8,101,000 5,569,000 5,879,000 5,833,000 5,535,000 8,859,000 9,075,000 9,077,000 8,770,000 8,494,000 8,452,000 8,689,000 8,567,000 8,128,000 7,699,000 7,882,000 7,588,000 7,779,000 7,570,000
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $8,402,000K)
= 0.00

Baxter International Inc.'s debt-to-capital ratio has been fluctuating over the past eight quarters, indicating variations in the company's capital structure and reliance on debt financing.

The trend shows that the ratio decreased from 0.75 in Q2 2023 to 0.62 in Q4 2023. This may suggest that the company has made efforts to reduce its debt levels relative to its capital base during this period.

However, it is important to note that even with the decrease, the debt-to-capital ratio remains relatively high, with values above 0.6 in each of the past eight quarters. This indicates that Baxter International Inc. has a significant portion of its capital structure funded by debt rather than equity.

Overall, the trend in the debt-to-capital ratio for Baxter International Inc. suggests that the company has been managing its debt levels, but investors and stakeholders should continue to monitor this ratio to ensure the company's financial health and stability.


Peer comparison

Dec 31, 2023


See also:

Baxter International Inc Debt to Capital (Quarterly Data)