Baxter International Balance Sheet Health
Financial Health criteria checks 2/6
Baxter International has a total shareholder equity of $8.5B and total debt of $13.7B, which brings its debt-to-equity ratio to 162.1%. Its total assets and total liabilities are $28.3B and $19.8B respectively. Baxter International's EBIT is $1.5B making its interest coverage ratio 3.4. It has cash and short-term investments of $3.2B.
Key information
162.1%
Debt to equity ratio
US$13.73b
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$3.19b |
| Equity | US$8.47b |
| Total liabilities | US$19.81b |
| Total assets | US$28.28b |
Recent financial health updates
Here's Why Baxter International (NYSE:BAX) Has A Meaningful Debt Burden
Jan 28
Is Baxter International (NYSE:BAX) A Risky Investment?
Oct 27Baxter International (NYSE:BAX) Has A Somewhat Strained Balance Sheet
Jul 14Is Baxter International (NYSE:BAX) Using Too Much Debt?
Apr 03Recent updates
Capital Allocation Trends At Baxter International (NYSE:BAX) Aren't Ideal
Apr 14Broyhill - Baxter International: Renal Care Spin-Off And Recent Revamp Should Provide Catalysts
Feb 23Baxter International's (NYSE:BAX) Dividend Will Be $0.29
Feb 20Here's Why Baxter International (NYSE:BAX) Has A Meaningful Debt Burden
Jan 28Baxter International (NYSE:BAX) Could Be Struggling To Allocate Capital
Jan 12Baxter International Inc.'s (NYSE:BAX) Prospects Need A Boost To Lift Shares
Dec 28Baxter International: A Cheap Big Pharma Stock With Improving Earnings And +3% Dividend Yield
Dec 12Estimating The Fair Value Of Baxter International Inc. (NYSE:BAX)
Nov 27Is Baxter International (NYSE:BAX) A Risky Investment?
Oct 27Should You Buy Baxter Or DaVita After The Fallout From The Ozempic Trial?
Oct 12There Are Reasons To Feel Uneasy About Baxter International's (NYSE:BAX) Returns On Capital
Sep 21Baxter International (NYSE:BAX) Is Due To Pay A Dividend Of $0.29
Aug 23Dividend Challengers Review: Baxter International
Aug 14Baxter International (NYSE:BAX) Has Announced A Dividend Of $0.29
Jul 25Baxter International (NYSE:BAX) Has A Somewhat Strained Balance Sheet
Jul 14Baxter International: Hillrom Acquisition Could Be A Tailwind For FCF
Jun 12Returns On Capital At Baxter International (NYSE:BAX) Paint A Concerning Picture
Jun 07Baxter International's (NYSE:BAX) Dividend Will Be $0.29
May 19Baxter International (NYSE:BAX) Has Affirmed Its Dividend Of $0.29
May 05Baxter International Inc.'s (NYSE:BAX) Intrinsic Value Is Potentially 26% Above Its Share Price
Apr 24Is Baxter International (NYSE:BAX) Using Too Much Debt?
Apr 03Baxter International's (NYSE:BAX) Dividend Will Be $0.29
Feb 18Investors Could Be Concerned With Baxter International's (NYSE:BAX) Returns On Capital
Feb 10Baxter International: Another YoY Earnings Decline Expected, Shares Tag Support
Feb 03Why Baxter Is One Of My #1 2023 Bets For Healthcare/Medtech
Jan 02An Intrinsic Calculation For Baxter International Inc. (NYSE:BAX) Suggests It's 32% Undervalued
Dec 30Baxter cut to hold at Deutsche Bank on inflation pressures
Dec 15Baxter International (NYSE:BAX) Is Due To Pay A Dividend Of $0.29
Nov 18Baxter International: Despite Weakening On The Bottom Line, Shares Look Attractive
Oct 24Here's What's Concerning About Baxter International's (NYSE:BAX) Returns On Capital
Oct 05Baxter is said to evaluate sale of two of its kidney businesses
Sep 14Baxter reaches 52-week low; stock down 34% YTD
Aug 29Financial Position Analysis
Short Term Liabilities: BAX's short term assets ($9.6B) exceed its short term liabilities ($6.5B).
Long Term Liabilities: BAX's short term assets ($9.6B) do not cover its long term liabilities ($13.3B).
Debt to Equity History and Analysis
Debt Level: BAX's net debt to equity ratio (124.4%) is considered high.
Reducing Debt: BAX's debt to equity ratio has increased from 43.4% to 162.1% over the past 5 years.
Debt Coverage: BAX's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: BAX's interest payments on its debt are well covered by EBIT (3.4x coverage).