Baxter International Inc (BAX) — Cash Flow-to-Debt Ratio
Baxter International Inc (BAX) has a Cash Flow-to-Debt Ratio of 0.02x as of June 2026, meaning its operating cash flow of $285.00 Million could theoretically repay 0% of its total liabilities ($13.61 Billion) in one year. See BAX FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Baxter International Inc Cash Flow-to-Debt Ratio (1985–2025)
Historical debt coverage capacity for Baxter International Inc across 38 annual periods. For the full cash flow conversion analysis, see Baxter International Inc cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Baxter International Inc (1985–2025)
Year-by-year debt coverage analysis for Baxter International Inc. Check how high is Baxter International Inc's earnings quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.06x | $845.00 Million | $13.95 Billion | ▲ +11.5% |
| 2024 | 0.05x | $1.02 Billion | $18.76 Billion | ▼ -37.7% |
| 2023 | 0.09x | $1.73 Billion | $19.81 Billion | ▲ +61.1% |
| 2022 | 0.05x | $1.21 Billion | $22.39 Billion | ▼ -40.6% |
| 2021 | 0.09x | $2.22 Billion | $24.40 Billion | ▼ -44.9% |
| 2020 | 0.17x | $1.87 Billion | $11.29 Billion | ▼ -19.2% |
| 2019 | 0.20x | $2.10 Billion | $10.28 Billion | ▼ -20.3% |
| 2018 | 0.26x | $2.02 Billion | $7.85 Billion | ▲ +19.8% |
| 2017 | 0.21x | $1.71 Billion | $8.00 Billion | ▼ -5.8% |
| 2016 | 0.23x | $1.65 Billion | $7.27 Billion | ▲ +55.5% |
| 2015 | 0.15x | $1.77 Billion | $12.10 Billion | ▼ -18.1% |
| 2014 | 0.18x | $3.21 Billion | $17.98 Billion | ▼ -6.4% |
| 2013 | 0.19x | $3.20 Billion | $16.74 Billion | ▼ -17.5% |
| 2012 | 0.23x | $3.11 Billion | $13.41 Billion | ▲ +0.7% |
| 2011 | 0.23x | $2.82 Billion | $12.24 Billion | ▼ -18.1% |
| 2010 | 0.28x | $3.00 Billion | $10.69 Billion | ▼ -4.1% |
| 2009 | 0.29x | $2.91 Billion | $9.93 Billion | ▲ +6.8% |
| 2008 | 0.27x | $2.52 Billion | $9.18 Billion | ▼ -0.4% |
| 2007 | 0.28x | $2.31 Billion | $8.38 Billion | ▲ +6.0% |
| 2006 | 0.26x | $2.18 Billion | $8.41 Billion | ▲ +41.1% |
| 2005 | 0.18x | $1.55 Billion | $8.43 Billion | ▲ +39.2% |
| 2004 | 0.13x | $1.38 Billion | $10.44 Billion | ▼ -3.2% |
| 2003 | 0.14x | $1.43 Billion | $10.43 Billion | ▲ +9.2% |
| 2002 | 0.13x | $1.19 Billion | $9.54 Billion | ▼ -24.2% |
| 2001 | 0.16x | $1.09 Billion | $6.59 Billion | ▼ -14.8% |
| 2000 | 0.19x | $1.18 Billion | $6.07 Billion | ▲ +12.6% |
| 1999 | 0.17x | $1.08 Billion | $6.30 Billion | ▲ +28.9% |
| 1998 | 0.13x | $939.00 Million | $7.03 Billion | ▲ +45.6% |
| 1997 | 0.09x | $558.00 Million | $6.09 Billion | ▼ -41.1% |
| 1996 | 0.16x | $793.00 Million | $5.09 Billion | ▼ -33.2% |
| 1995 | 0.23x | $1.34 Billion | $5.73 Billion | ▲ +11.2% |
| 1994 | 0.21x | $1.32 Billion | $6.28 Billion | ▲ +101.5% |
| 1993 | 0.10x | $765.00 Million | $7.36 Billion | ▼ -27.0% |
| 1992 | 0.14x | $763.00 Million | $5.36 Billion | ▼ -8.1% |
| 1991 | 0.15x | $769.00 Million | $4.97 Billion | ▼ -13.9% |
| 1990 | 0.18x | $796.00 Million | $4.42 Billion | ▲ +23.9% |
| 1989 | 0.15x | $618.00 Million | $4.26 Billion | ▲ +49.2% |
| 1985 | 0.10x | $463.00 Million | $4.76 Billion | — |