Baxter International Inc. (BAX)

Solvency & Capital Structure

Total Debt

$9.67B

Net Debt

$7.52B

Baxter International Inc. currently has $9.67B in total debt. Net debt is $7.52B after cash offsets.

Financial Fundamentals

BAX • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	9.67	2.15	7.52	19.79	48.8%
2026-03-31	9.69	2.02	7.67	19.85	48.8%
2025-12-31	9.78	1.97	7.81	20.05	48.8%
2025-09-30	9.71	1.73	7.99	21.07	46.1%
2025-06-30	9.72	1.69	8.04	21.05	46.2%
2025-03-31	10.31	2.29	8.02	21.30	48.4%
2024-12-31	13.45	1.76	11.69	25.78	52.2%
2024-09-30	13.19	1.42	11.77	26.68	49.5%
2024-06-30	13.34	2.10	11.25	26.31	50.7%
2024-03-31	14.17	3.03	11.14	27.79	51.0%
2023-12-31	14.11	3.08	11.04	28.28	49.9%
2023-09-30	16.93	5.79	11.14	30.66	55.2%
2023-06-30	16.92	1.72	15.20	27.89	60.7%
2023-03-31	16.89	1.67	15.22	28.29	59.7%
2022-12-31	17.20	1.72	15.48	28.29	60.8%
2022-09-30	16.89	1.60	15.29	27.96	60.4%
2022-06-30	17.16	1.85	15.30	31.83	53.9%
2022-03-31	17.68	2.29	15.39	32.72	54.0%
2021-12-31	18.31	2.95	15.36	33.52	54.6%
2021-09-30	6.44	3.26	3.18	19.81	32.5%
2021-06-30	6.64	3.14	3.50	19.68	33.7%
2021-03-31	6.56	3.18	3.38	19.47	33.7%
2020-12-31	6.80	3.73	3.07	20.02	34.0%
2020-09-30	6.98	4.36	2.62	20.10	34.7%
2020-06-30	6.86	4.08	2.78	19.46	35.3%
2020-03-31	7.02	4.11	2.91	19.07	36.8%
2019-12-31	5.96	3.33	2.63	18.19	32.8%
2019-09-30	5.56	3.01	2.55	17.30	32.1%
2019-06-30	5.65	2.92	2.73	17.54	32.2%
2019-03-31	4.67	1.91	2.76	16.35	28.6%
2018-12-31	3.48	1.84	1.65	15.72	22.2%
2018-09-30	3.49	2.86	0.63	16.85	20.7%
2018-06-30	3.50	2.86	0.64	16.58	21.1%
2018-03-31	3.55	2.95	0.61	16.89	21.0%
2017-12-31	3.51	3.39	0.12	17.11	20.5%
2017-09-30	3.50	3.52	-0.02Net Cash	17.54	19.9%
2017-06-30	3.46	3.82	-0.36Net Cash	16.96	20.4%
2017-03-31	2.79	2.86	-0.07Net Cash	15.66	17.8%
2016-12-31	2.78	2.80	-0.02Net Cash	15.55	17.9%
2016-09-30	2.84	2.60	0.24	15.79	18.0%
2016-06-30	3.17	2.63	0.54	15.98	19.8%
2016-03-31	3.36	3.44	-0.09Net Cash	17.35	19.3%
2015-12-31	6.51	7.36	-0.85Net Cash	20.96	31.0%
2015-09-30	6.73	6.13	0.60	20.17	33.4%
2015-06-30	14.22	6.68	7.54	30.02	47.4%
2015-03-31	10.01	2.53	7.47	24.86	40.2%
2014-12-31	9.03	2.92	6.10	26.14	34.5%
2014-09-30	9.27	2.08	7.19	25.56	36.3%
2014-06-30	8.84	1.87	6.97	25.63	34.5%
2014-03-31	8.69	2.05	6.64	25.26	34.4%
2013-12-31	9.17	2.73	6.43	25.22	36.3%
2013-09-30	9.07	2.38	6.69	25.25	35.9%
2013-06-30	9.04	5.99	3.05	23.75	38.0%
2013-03-31	5.87	2.69	3.18	20.32	28.9%
2012-12-31	5.93	3.27	2.66	20.39	29.1%
2012-09-30	5.95	3.19	2.76	19.82	30.0%
2012-06-30	5.31	2.35	2.96	18.45	28.8%
2012-03-31	5.21	2.27	2.94	18.78	27.7%
2011-12-31	5.20	2.90	2.29	19.07	27.2%
2011-09-30	4.54	2.34	2.20	17.84	25.5%
2011-06-30	4.40	2.02	2.38	17.74	24.8%
2011-03-31	4.37	2.17	2.21	17.41	25.1%
2010-12-31	4.39	2.69	1.70	17.49	25.1%
2010-09-30	4.88	2.79	2.10	17.56	27.8%
2010-06-30	4.81	2.30	2.51	16.49	29.2%
2010-03-31	4.75	2.67	2.08	17.17	27.7%
2009-12-31	4.15	2.79	1.36	17.35	23.9%
2009-09-30	4.17	2.57	1.60	16.95	24.6%
2009-06-30	3.83	1.80	2.03	15.74	24.3%
2009-03-31	3.91	1.70	2.21	14.95	26.1%
2008-12-31	3.76	2.13	1.63	15.40	24.4%
2008-09-30	3.42	2.19	1.23	15.21	22.5%
2008-06-30	3.23	2.15	1.09	15.47	20.9%
2008-03-31	2.87	1.74	1.14	14.97	19.2%
2007-12-31	3.09	2.54	0.55	15.29	20.2%
2007-09-30	2.57	1.82	0.75	14.15	18.2%
2007-06-30	2.72	2.49	0.23	14.66	18.5%
2007-03-31	2.72	2.38	0.34	14.48	18.8%
2006-12-31	2.80	2.48	0.32	14.69	19.1%
2006-09-30	2.81	2.07	0.74	13.93	20.2%
2006-06-30	2.36	1.06	1.30	13.01	18.1%
2006-03-31	2.40	0.88	1.52	12.78	18.8%
2005-12-31	3.34	0.84	2.50	12.73	26.2%
2005-09-30	4.36	1.71	2.65	13.78	31.6%
2005-06-30	4.49	1.43	3.06	13.63	32.9%
2005-03-31	4.60	1.11	3.49	13.81	33.3%
2004-12-31	4.29	1.11	3.19	14.15	30.4%
2004-09-30	4.59	0.82	3.77	13.77	33.3%
2004-06-30	4.63	0.76	3.87	13.66	33.9%
2004-03-31	4.81	0.65	4.16	13.73	35.0%
2003-12-31	4.57	0.93	3.65	13.71	33.4%
2003-09-30	4.93	0.83	4.10	13.35	36.9%
2003-06-30	4.96	0.61	4.35	13.21	37.5%
2003-03-31	5.69	1.41	4.28	13.33	42.7%
2002-12-31	4.65	1.17	3.48	12.48	37.2%
2002-09-30	3.14	0.28	2.86	11.17	28.1%
2002-06-30	3.51	0.47	3.04	11.19	31.3%
2002-03-31	3.22	0.52	2.70	10.62	30.3%
2001-12-31	2.69	0.58	2.10	10.34	26.0%
2001-09-30	3.14	0.47	2.67	9.66	32.5%
2001-06-30	2.75	0.43	2.32	9.28	29.6%
2001-03-31	2.85	0.72	2.13	9.28	30.7%
2000-12-31	2.36	0.58	1.78	8.73	27.0%
2000-09-30	2.69	0.57	2.13	8.81	30.6%
2000-06-30	2.55	0.50	2.06	8.79	29.1%
2000-03-31	2.74	0.69	2.04	8.71	31.4%
1999-12-31	2.86	0.61	2.25	9.64	29.6%
1999-09-30	3.29	0.82	2.46	9.90	33.2%
1999-06-30	3.14	0.72	2.42	9.90	31.7%
1999-03-31	3.35	0.61	2.75	9.90	33.9%
1998-12-31	3.37	0.71	2.66	9.87	34.1%
1998-09-30	3.15	0.48	2.68	9.57	33.0%
1998-06-30	3.43	0.43	3.00	9.28	36.9%
1998-03-31	3.11	0.43	2.68	8.91	35.0%
1997-12-31	2.78	0.47	2.31	8.71	31.9%
1997-09-30	2.75	0.41	2.34	8.15	33.8%
1997-06-30	2.91	0.83	2.08	8.65	33.6%
1997-03-31	2.62	0.59	2.03	8.34	31.4%
1996-12-31	2.04	0.76	1.28	7.60	26.9%
1996-09-30	2.02	0.83	1.19	7.55	26.8%