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Baxter International BAX Interest coverage

Interest coverage at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
3.7×+0.2×
Stryker logo
StrykerSYK
-3.0×
The Cooper Companies, Inc. logo
The Cooper Companies, Inc.COO
5.3×-1.8×
Medtronic logo
MedtronicMDT
9.1×+0.9×
STERIS logo
STERISSTE
18.1×+8.1×
Medline, Inc.
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Medline, Inc. MDLN
+0.7×

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 trailing twelve months.

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 interest coverage?
Baxter International (BAX) reported interest coverage of -1× in Q1 2026.
How has Baxter International's interest coverage changed year-over-year?
Baxter International's interest coverage decreased by 225.9% year-over-year, from 0.8× to -1×.
What is the long-term trend for Baxter International's interest coverage?
Over 5 years (2020 to 2025), Baxter International's interest coverage has grown at a -36.8% compound annual growth rate (CAGR), from 10.6× to -1.1×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.