Baxter International Balance Sheet Health
Financial Health criteria checks 2/6
Baxter International has a total shareholder equity of $5.6B and total debt of $16.4B, which brings its debt-to-equity ratio to 294.5%. Its total assets and total liabilities are $28.0B and $22.4B respectively. Baxter International's EBIT is $1.6B making its interest coverage ratio 4.7. It has cash and short-term investments of $1.6B.
Key information
294.5%
Debt to equity ratio
US$16.43b
Debt
Interest coverage ratio | 4.7x |
Cash | US$1.60b |
Equity | US$5.58b |
Total liabilities | US$22.39b |
Total assets | US$27.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BTL's short term assets ($7.8B) exceed its short term liabilities ($3.7B).
Long Term Liabilities: BTL's short term assets ($7.8B) do not cover its long term liabilities ($18.7B).
Debt to Equity History and Analysis
Debt Level: BTL's net debt to equity ratio (265.8%) is considered high.
Reducing Debt: BTL's debt to equity ratio has increased from 37% to 294.5% over the past 5 years.
Debt Coverage: BTL's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: BTL's interest payments on its debt are well covered by EBIT (4.7x coverage).