Baxter International Inc (BAX)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $8,402,000K
= 0.00
The debt-to-equity ratio of Baxter International Inc. has fluctuated over the past eight quarters. In Q2 and Q3 of 2023, the company's debt-to-equity ratio increased significantly to 2.96 and 2.04, respectively, indicating a higher level of debt relative to equity. This increase may raise concerns about the company's financial leverage and ability to meet its debt obligations.
However, it is worth noting that in Q4 2023, the debt-to-equity ratio decreased to 1.64, which suggests a lower level of debt compared to equity. This reduction could indicate that the company has taken steps to pay down debt or strengthen its equity position, potentially improving its financial stability.
Looking at the trend over the past two years, there have been fluctuations in the debt-to-equity ratio, with the highest ratios observed in Q2 and Q3 of 2022 and 2023. On the other hand, Q4 of 2022 showed the lowest ratio during this period at 1.88, indicating a more conservative capital structure.
Overall, Baxter International Inc.'s debt-to-equity ratio demonstrates variability, with periods of higher leverage followed by improvements in the company's debt position. It is essential for investors and stakeholders to monitor these trends to assess the company's financial health and risk profile accurately.
Peer comparison
Dec 31, 2023