Also trades as: BHC.TO (TSX) · $vol 4M
BHC NYSE
Bausch Health Companies Inc.
1W: +0.6%
1M: +11.8%
3M: +40.7%
YTD: -11.8%
1Y: -0.3%
3Y: -13.3%
5Y: -77.3%
$6.31
-0.04 (-0.71%)
After Hours: $6.21 (-0.09, -1.51%)
Weekly Expected Move ±4.4%
$6
$6
$6
$7
$7
Credit Risk of going bust: higher than 87% of companies Debt: 89.7% of company value Bonds: $300.9M held by 287 funds, 1254 bp over Treasuries → details ▾
If the stock fell to about $1.87 (down 70%), Bausch Health Companies Inc. would be worth roughly what it owes.
Total debt $20.78B against a stock market value of $2.37B.
Distance to default 1.94 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $10.80B (short-term plus half of long-term), stock volatility 54.2%; Altman Z'' -0.73. 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.
Total debt $20.78B against a stock market value of $2.37B.
Distance to default 1.94 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $10.80B (short-term plus half of long-term), stock volatility 54.2%; Altman Z'' -0.73. 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.
Overview
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Smart Money
Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
Analysis
Technicals
Weather
Peers
ESG
Institutions
ETF Exposure
Dark Pool
Short Interest
Supply Chain
Cash Flow Trends
Operating Cash Flow
$1.4B
-12.3% ▼
5Y CAGR: +4.7%
Capital Expenditures
$397M
-17.8% ▼
5Y CAGR: +5.1%
Free Cash Flow
$1.0B
-20.4% ▼
5Y CAGR: +4.6%
Dividends Paid
$0
+0.0% ▲
Buybacks
$0
+100.0% ▲
Net Change in Cash
$124M
-48.1% ▼
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | -$937M | -$212M | -$611M | -$72M | $120M |
| Depreciation & Amort. | $1.6B | $1.4B | $1.3B | $1.3B | $1.2B |
| Stock-Based Comp. | $128M | $126M | $132M | $150M | $216M |
| Change in Working Capital | -$128M | -$396M | -$582M | $7M | -$223M |
| Other Non-Cash Items | $1.0B | -$1.5B | $778M | $179M | -$1M |
| Operating Cash Flow | $1.4B | -$728M | $1.0B | $1.6B | $1.4B |
| — Investing Activities — | |||||
| Capital Expenditures | -$269M | -$218M | -$215M | -$337M | -$397M |
| Acquisitions (Net) | $0 | -$45M | -$1.9B | $0 | $0 |
| Investment Purchases | -$19M | -$17M | -$27M | -$12M | -$11M |
| Investment Sales | $15M | $22M | $26M | $14M | $8M |
| Other Investing | $682M | -$45M | -$39M | -$119M | -$195M |
| Investing Cash Flow | $409M | -$303M | -$2.1B | -$454M | -$595M |
| — Financing Activities — | |||||
| Net Debt Issuance | -$1.3B | -$1.0B | $1.6B | -$799M | -$648M |
| Stock Repurchased | $0 | $0 | $0 | -$26M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing | -$173M | -$139M | -$106M | -$43M | -$94M |
| Financing Cash Flow | -$1.5B | -$474M | $1.5B | -$868M | -$742M |
| Net Change in Cash | $303M | -$1.5B | $371M | $239M | $124M |
| Cash End of Period | $2.1B | $591M | $962M | $1.2B | $1.3B |
| Free Cash Flow | $1.1B | -$996M | $760M | $1.3B | $1.0B |