Baxter International Balance Sheet
NYSE: BAXHealth CareMedical/Dental InstrumentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Baxter International financial position
At the end of fiscal 2025, Baxter International reported total assets of $20.05 billion, down 22.2% from a year earlier against total liabilities of $13.95 billion. Shareholders' equity stood at $6.13 billion, or 30.6% of assets. The company held $1.97 billion in cash and equivalents against $9.48 billion of debt, a net debt position of $7.51 billion.
The current ratio (current assets divided by current liabilities) was 2.31, meaning short-term assets cover obligations due within a year. Debt-to-equity was 1.55.
Summary generated from market data by MetaCap's automated system. Methodology
Baxter International balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.97B | 1.76B | 3.08B | 1.62B | 2.95B | 3.73B | 3.33B | 1.84B | 3.39B | 2.80B |
| Receivables | 1.86B | 1.68B | 1.72B | 2.57B | 2.63B | 2.01B | 1.90B | 1.84B | — | — |
| Inventory | 2.23B | 2.05B | 1.92B | 2.68B | 2.45B | 1.92B | 1.65B | 1.67B | 1.48B | 1.43B |
| Total Current Assets | 6.87B | 8.85B | 9.60B | 8.01B | 8.87B | 8.41B | 7.50B | 5.96B | 7.26B | 6.57B |
| Property, Plant & Equipment | 2.91B | 2.87B | 2.87B | 4.70B | 5.18B | 4.72B | 4.51B | 4.53B | 4.59B | 4.29B |
| Goodwill | 4.93B | 5.28B | 5.79B | 6.45B | 9.84B | 3.22B | 3.03B | 3.00B | 3.10B | 2.60B |
| Intangible Assets | 4.37B | 5.22B | 5.92B | 6.79B | 7.79B | 1.67B | 1.47B | 1.41B | 1.37B | 1.11B |
| Total Assets | 20.05B | 25.78B | 28.28B | 28.29B | 33.52B | 20.02B | 18.19B | 15.72B | 17.11B | 15.55B |
| Accounts Payable | 999.00M | 968.00M | 881.00M | 1.11B | 1.25B | 1.04B | 892.00M | 998.00M | 920.00M | 791.00M |
| Short-Term Debt | 3.00M | 2.75B | 2.67B | 1.40B | 511.00M | 406.00M | 541.00M | 4.00M | 3.00M | 3.00M |
| Total Current Liabilities | 2.97B | 6.51B | 6.50B | 4.75B | 4.24B | 3.33B | 3.23B | 2.81B | 2.82B | 2.74B |
| Long-Term Debt | 9.47B | 10.37B | 11.09B | 15.23B | 17.15B | 5.79B | 4.81B | 3.48B | 3.51B | 2.78B |
| Total Liabilities | 13.95B | 18.76B | 19.81B | 22.39B | 24.40B | 11.29B | 10.28B | 7.85B | 8.00B | 7.33B |
| Shareholders' Equity | 6.13B | 6.96B | 8.40B | 5.83B | 9.08B | 8.69B | 7.88B | 7.84B | 9.12B | 8.29B |
| Retained Earnings | 13.71B | 14.93B | 16.11B | 14.05B | 17.07B | 16.33B | 15.72B | 15.07B | 14.48B | 14.20B |
| Total Debt | 9.48B | 13.13B | 13.76B | 16.64B | 17.66B | 6.19B | 5.35B | 3.48B | 3.51B | 2.78B |
| Net Cash (Debt) | -7.51B | -11.36B | -10.68B | -15.02B | -14.71B | -2.46B | -2.02B | -1.65B | -118.00M | 19.00M |
This table shows 10 annual periods of Baxter International's balance sheet, from FY 2025 back to FY 2016, across 18 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow BAX's reporting calendar. What is a balance sheet?