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Cash ratio at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
0.1×0.0×
Stryker logo
StrykerSYK
0.5×+0.2×
The Cooper Companies, Inc. logo
The Cooper Companies, Inc.COO
0.1×0.0×
Medtronic logo
MedtronicMDT
0.2×0.0×
STERIS logo
STERISSTE
0.4×+0.2×
Medline, Inc.
 logo
Medline, Inc. MDLN
0.9×

Other financials

Income statement

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Revenue$2.7B+2.9%
Gross profit$891.0M+3.5%
Operating income$66.0M+13.8%
Net income-$15.0M-112%
EPS (diluted)-$0.03-112%

Balance sheet

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Cash & equivalents$2.0B-12.1%
Total debt$224.0M-8.9%
Total equity$6.0B-14.7%
Total assets$19.8B-6.8%

Cash flow

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Operating cash flow$213.0M+210%
CapEx$128.3M+15.0%
Free cash flow$83.0M-42.1%

Valuation

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Market cap$10.27B-50.6%
Enterprise value$8.48B-55.6%
P/S0.9×-1.0×

Profitability

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Gross margin30.1%-5.9pp
Operating margin-2.7%
Net margin-9.7%+62.5pp
FCF margin3%-2.4pp

Returns & leverage

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Return on equity-16.7%-76.7pp
Debt / equity0.0×
Current ratio1.9×-0.2×

Where this comes from

Calculated from Baxter International’s reported figures.

Based on the most recent quarter.

The official record: Baxter International’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Baxter International's cash ratio?
Baxter International (BAX) reported cash ratio of 0.5× in Q1 2026.
How has Baxter International's cash ratio changed year-over-year?
Baxter International's cash ratio decreased by 17.1% year-over-year, from 0.7× to 0.5×.
What is the long-term trend for Baxter International's cash ratio?
Over 5 years (2020 to 2025), Baxter International's cash ratio has grown at a -10.0% compound annual growth rate (CAGR), from 1.1× to 0.7×.
What does cash ratio mean?
How much of its short-term bills the company could pay with cash on hand right now.
How do you interpret cash ratio?
A buffer against stress, but persistently high cash ratios can indicate under-deployed capital. Interpret alongside the company's capital-allocation strategy.
How does cash ratio compare across companies?
Varies widely by business model and treasury policy; best read against the company's own history.