Baxter International Inc (BAX) — Working Capital to Net Assets Ratio
Baxter International Inc (BAX) has a Working Capital to Net Assets ratio of 55.0% as of June 2026. Working capital of $3.40 Billion (current assets of $6.99 Billion minus current liabilities of $3.59 Billion) is measured against net assets of $6.18 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See BAX defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Baxter International Inc Working Capital to Net Assets (1985–2025)
This chart shows how Baxter International Inc's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of June 2026, the ratio stands at 55.0%, reflecting working capital of $3.40 Billion against net assets of $6.18 Billion USD. For the complete balance sheet picture, see Baxter International Inc assets under control.
Annual Working Capital to Net Assets for Baxter International Inc (1985–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Baxter International Inc from 1985 to 2025, covering 41 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check Baxter International Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 63.9% | $3.90 Billion | $6.10 Billion | $6.87 Billion | $2.97 Billion | ▲ +30.6 pp |
| 2024 | 33.3% | $2.34 Billion | $7.02 Billion | $8.85 Billion | $6.51 Billion | ▼ -3.2 pp |
| 2023 | 36.6% | $3.10 Billion | $8.47 Billion | $9.60 Billion | $6.50 Billion | ▼ -18.8 pp |
| 2022 | 55.4% | $3.27 Billion | $5.89 Billion | $8.01 Billion | $4.75 Billion | ▲ +4.6 pp |
| 2021 | 50.8% | $4.64 Billion | $9.12 Billion | $8.87 Billion | $4.24 Billion | ▼ -7.4 pp |
| 2020 | 58.2% | $5.08 Billion | $8.73 Billion | $8.41 Billion | $3.33 Billion | ▲ +4.2 pp |
| 2019 | 54.0% | $4.27 Billion | $7.91 Billion | $7.50 Billion | $3.23 Billion | ▲ +14.0 pp |
| 2018 | 40.0% | $3.15 Billion | $7.87 Billion | $5.96 Billion | $2.81 Billion | ▼ -8.7 pp |
| 2017 | 48.7% | $4.44 Billion | $9.12 Billion | $7.26 Billion | $2.82 Billion | ▲ +2.5 pp |
| 2016 | 46.3% | $3.83 Billion | $8.28 Billion | $6.57 Billion | $2.74 Billion | ▼ -21.9 pp |
| 2015 | 68.2% | $6.05 Billion | $8.87 Billion | $11.80 Billion | $5.75 Billion | ▲ +17.6 pp |
| 2014 | 50.6% | $4.12 Billion | $8.16 Billion | $10.16 Billion | $6.04 Billion | ▼ -7.7 pp |
| 2013 | 58.3% | $4.95 Billion | $8.49 Billion | $10.20 Billion | $5.25 Billion | ▼ -6.2 pp |
| 2012 | 64.5% | $4.50 Billion | $6.98 Billion | $9.26 Billion | $4.76 Billion | ▲ +9.0 pp |
| 2011 | 55.6% | $3.79 Billion | $6.83 Billion | $8.65 Billion | $4.86 Billion | ▼ -2.5 pp |
| 2010 | 58.1% | $3.95 Billion | $6.80 Billion | $7.99 Billion | $4.04 Billion | ▲ +6.8 pp |
| 2009 | 51.3% | $3.81 Billion | $7.42 Billion | $8.27 Billion | $4.46 Billion | ▼ -5.1 pp |
| 2008 | 56.4% | $3.51 Billion | $6.23 Billion | $7.15 Billion | $3.63 Billion | ▲ +2.3 pp |
| 2007 | 54.1% | $3.74 Billion | $6.92 Billion | $7.55 Billion | $3.81 Billion | ▲ +0.5 pp |
| 2006 | 53.6% | $3.36 Billion | $6.27 Billion | $6.97 Billion | $3.61 Billion | ▲ +31.5 pp |
| 2005 | 22.1% | $951.00 Million | $4.30 Billion | $5.12 Billion | $4.17 Billion | ▼ -24.7 pp |
| 2004 | 46.8% | $1.73 Billion | $3.71 Billion | $6.02 Billion | $4.29 Billion | ▼ -0.9 pp |
| 2003 | 47.7% | $1.56 Billion | $3.27 Billion | $5.36 Billion | $3.80 Billion | ▲ +3.2 pp |
| 2002 | 44.5% | $1.31 Billion | $2.94 Billion | $5.16 Billion | $3.85 Billion | ▲ +26.4 pp |
| 2001 | 18.2% | $683.00 Million | $3.76 Billion | $3.98 Billion | $3.29 Billion | ▲ +7.7 pp |
| 2000 | 10.5% | $279.00 Million | $2.66 Billion | $3.65 Billion | $3.37 Billion | ▼ -22.9 pp |
| 1999 | 33.4% | $1.12 Billion | $3.35 Billion | $3.82 Billion | $2.70 Billion | ▼ -18.1 pp |
| 1998 | 51.6% | $1.46 Billion | $2.84 Billion | $4.29 Billion | $2.83 Billion | ▲ +1.4 pp |
| 1997 | 50.1% | $1.31 Billion | $2.62 Billion | $3.87 Billion | $2.56 Billion | ▲ +8.8 pp |
| 1996 | 41.3% | $1.03 Billion | $2.50 Billion | $3.48 Billion | $2.44 Billion | ▲ +20.9 pp |
| 1995 | 20.4% | $757.00 Million | $3.70 Billion | $2.91 Billion | $2.15 Billion | ▼ -21.9 pp |
| 1994 | 42.3% | $1.57 Billion | $3.72 Billion | $4.34 Billion | $2.77 Billion | ▼ -4.4 pp |
| 1993 | 46.8% | $1.49 Billion | $3.19 Billion | $4.42 Billion | $2.93 Billion | ▲ +14.6 pp |
| 1992 | 32.2% | $1.22 Billion | $3.79 Billion | $3.59 Billion | $2.37 Billion | ▼ -5.5 pp |
| 1991 | 37.7% | $1.65 Billion | $4.37 Billion | $4.00 Billion | $2.36 Billion | ▲ +10.3 pp |
| 1990 | 27.3% | $1.12 Billion | $4.09 Billion | $3.44 Billion | $2.32 Billion | ▼ -9.5 pp |
| 1989 | 36.9% | $1.56 Billion | $4.25 Billion | $3.42 Billion | $1.86 Billion | ▼ -9.6 pp |
| 1988 | 46.4% | $1.44 Billion | $3.10 Billion | $3.32 Billion | $1.89 Billion | ▲ +15.3 pp |
| 1987 | 31.1% | $881.00 Million | $2.83 Billion | $2.76 Billion | $1.88 Billion | ▲ +12.5 pp |
| 1986 | 18.6% | $463.00 Million | $2.49 Billion | $2.34 Billion | $1.88 Billion | ▼ -36.4 pp |
| 1985 | 55.0% | $1.15 Billion | $2.08 Billion | $2.37 Billion | $1.22 Billion | — |