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Total debt at other companies

The Cooper Companies, Inc. logo
The Cooper Companies, Inc.COO
$3.06B+15.6%
Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
Stryker logo
StrykerSYK
Medtronic logo
MedtronicMDT
STERIS logo
STERISSTE
Medline, Inc.
 logo
Medline, Inc. MDLN

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 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.

Plus components not separately reported this period.

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 total debt?
Baxter International (BAX) reported total debt of $224M in Q1 2026.
How has Baxter International's total debt changed year-over-year?
Baxter International's total debt decreased by 8.9% year-over-year, from $246M to $224M.
What is the long-term trend for Baxter International's total debt?
Over 5 years (2020 to 2025), Baxter International's total debt has grown at a -13.5% compound annual growth rate (CAGR), from $677M to $328M.
What does total debt mean?
The total amount of money the company owes to banks, bondholders, and lessors.
How do you interpret total debt?
An increase suggests higher financial leverage and potential interest expense burden, while a decrease indicates deleveraging and improved balance sheet flexibility.
How does total debt compare across companies?
Peers in the medical device and healthcare equipment sector typically maintain debt levels aligned with their acquisition history and cash flow generation capabilities; high debt is often observed following major M&A activity.