BAX NYSE
Baxter International Inc.
1W: +1.6%
1M: +6.0%
3M: +0.6%
YTD: +27.9%
1Y: +8.4%
3Y: -19.4%
5Y: -65.5%
$24.92
-0.37 (-1.46%)
Weekly Expected Move ±4.1%
$23
$24
$25
$26
$27
Credit Risk of going bust: higher than 64% of companies Debt: 42.5% of company value Bonds: $263.3M held by 339 funds, 111 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.46 (down 94%), Baxter International Inc. would be worth roughly what it owes.
Total debt $9.67B against a stock market value of $13.07B.
Distance to default 3.89 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $5.15B (short-term plus half of long-term), stock volatility 44.0%; Altman Z 2.30. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.46 (down 94%), Baxter International Inc. would be worth roughly what it owes.
Total debt $9.67B against a stock market value of $13.07B.
Distance to default 3.89 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $5.15B (short-term plus half of long-term), stock volatility 44.0%; Altman Z 2.30. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Balance Sheet Trends
Total Assets
$20.1B
-22.2% ▼
5Y CAGR: +0.0%
Total Liabilities
$14.0B
-25.6% ▼
5Y CAGR: +4.3%
Shareholders Equity
$6.1B
-12.0% ▼
5Y CAGR: -6.7%
Cash & Investments
$2.0B
+11.5% ▲
5Y CAGR: -12.0%
Total Debt
$10.0B
-25.6% ▼
5Y CAGR: +8.0%
Net Debt
$8.0B
-31.2% ▼
Assets vs Liabilities & Equity
Year-over-Year Growth
View Full Balance Sheet
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Assets — | |||||
| Cash | $3.0B | $1.7B | $3.1B | $1.8B | $2.0B |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash & ST Investments | $3.0B | $1.7B | $3.1B | $1.8B | $2.0B |
| Net Receivables | $2.7B | $2.6B | $1.8B | $1.7B | $1.9B |
| Inventory | $2.5B | $2.7B | $1.9B | $2.0B | $2.2B |
| Other Current Assets | $390M | $618M | $2.5B | $2.9B | $479M |
| Total Current Assets | $8.9B | $8.0B | $9.6B | $8.9B | $6.9B |
| Property, Plant & Equip. | $5.8B | $5.2B | $3.2B | $3.2B | $3.2B |
| Goodwill & Intangibles | $17.6B | $13.2B | $11.7B | $10.5B | $9.3B |
| Long-Term Investments | $195M | $247M | $136M | $109M | $103M |
| Other Non-Current Assets | $642M | $1.3B | $3.4B | $2.9B | $596M |
| Total Non-Current Assets | $24.6B | $20.3B | $18.7B | $16.9B | $13.2B |
| Total Assets | $33.5B | $28.3B | $28.3B | $25.8B | $20.1B |
| — Liabilities — | |||||
| Accounts Payable | $1.2B | $1.1B | $881M | $968M | $999M |
| Short-Term Debt | $511M | $1.4B | $2.7B | $2.8B | $84M |
| Deferred Revenue | $162M | $154M | $128M | $131M | $141M |
| Other Current Liabilities | $751M | $618M | $1.6B | $1.5B | $1.2B |
| Total Current Liabilities | $4.2B | $4.7B | $6.5B | $6.5B | $3.0B |
| Long-Term Debt | $17.1B | $15.2B | $11.1B | $10.4B | $9.7B |
| Other Non-Current Liab. | $1.4B | $1.3B | $1.5B | $1.5B | $783M |
| Total Non-Current Liabilities | $20.2B | $17.6B | $13.3B | $12.2B | $11.0B |
| Total Liabilities | $24.4B | $22.4B | $19.8B | $18.8B | $14.0B |
| — Equity — | |||||
| Common Stock | $683M | $683M | $683M | $683M | $683M |
| Retained Earnings | $17.1B | $14.1B | $16.1B | $14.9B | $13.7B |
| Accumulated OCI | -$3.4B | -$3.8B | -$3.6B | -$4.0B | -$3.8B |
| Total Stockholders Equity | $9.1B | $5.8B | $8.4B | $7.0B | $6.1B |
| Total Liabilities & Equity | $33.5B | $28.3B | $28.3B | $25.8B | $20.1B |
| — Key Metrics — | |||||
| Total Debt | $18.3B | $17.2B | $14.1B | $13.4B | $10.0B |
| Net Debt | $15.4B | $15.5B | $11.0B | $11.7B | $8.0B |
| Total Investments | $195M | $247M | $136M | $109M | $103M |