Total Debt for Baxter International (BAX)
According to Baxter International's latest reported financial statements, the company's latest reported total debt is $9.78B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingTotal DebtSwitch metric
Latest period
$9.78B
YoY change
-25.6%
5Y CAGR
+8.0%
Peak year (2021)
$18.31B
Latest annual
$10.00B
Total Debt history chart for Baxter International (BAX) from 1985 to 2025
Total Debt history table for Baxter International (BAX) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $10.00B | -25.6% | ||
| 2024 | $13.45B | -4.7% | ||
| 2023 | $14.11B | -18.0% | ||
| 2022 | $17.20B | -6.0% | ||
| 2021 | $18.31B | +169.1% | ||
| 2020 | $6.80B | +14.1% | ||
| 2019 | $5.96B | +71.0% | ||
| 2018 | $3.48B | -0.8% | ||
| 2017 | $3.51B | +26.2% | ||
| 2016 | $2.78B | -57.2% | ||
| 2015 | $6.51B | -27.9% | ||
| 2014 | $9.03B | -1.5% | ||
| 2013 | $9.17B | +54.6% | ||
| 2012 | $5.93B | +14.1% | ||
| 2011 | $5.20B | +18.4% | ||
| 2010 | $4.39B | +5.7% | ||
| 2009 | $4.15B | +10.5% | ||
| 2008 | $3.76B | +21.6% | ||
| 2007 | $3.09B | +10.3% | ||
| 2006 | $2.80B | -16.1% | ||
| 2005 | $3.34B | -22.3% | ||
| 2004 | $4.29B | -6.1% | ||
| 2003 | $4.57B | -1.6% | ||
| 2002 | $4.65B | +72.9% | ||
| 2001 | $2.69B | +13.9% | ||
| 2000 | $2.36B | -17.4% | ||
| 1999 | $2.86B | -15.2% | ||
| 1998 | $3.37B | +21.2% | ||
| 1997 | $2.78B | +36.2% | ||
| 1996 | $2.04B | -21.2% | ||
| 1995 | $2.59B | -9.8% | ||
| 1994 | $2.87B | -20.7% | ||
| 1993 | $3.62B | +23.5% | ||
| 1992 | $2.93B | +11.2% | ||
| 1991 | $2.64B | +22.1% | ||
| 1990 | $2.16B | -11.0% | ||
| 1989 | $2.43B | -14.6% | ||
| 1988 | $2.84B | +31.8% | ||
| 1987 | $2.15B | +17.1% | ||
| 1986 | $1.84B | -33.0% | ||
| 1985 | $2.75B | — |
Total Debt values are taken from Baxter International's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Baxter International (BAX) total debt is $10.00B – declined 25.6% year-over-year.
Baxter International total debt has recorded the values shown across consecutive periods, with a +8.0% compound annual growth rate over 2020–2025 (5 years).
Across the available history, total debt reached its high of $18.31B in 2021 and its low of $1.84B in 1986.
Within Healthcare, Baxter International (BAX) ranks 9th among 8 peers we track. The peer median for total debt is $52.57B.
Baxter International Total Debt by Year
Baxter International Total Debt 2025: $10.00B
Baxter International total debt in 2025 was $10.00B, declined 25.6% below 2024.
Baxter International Total Debt 2024: $13.45B
Baxter International total debt in 2024 was $13.45B, edged down 4.7% below 2023.
Baxter International Total Debt 2023: $14.11B
Baxter International total debt in 2023 was $14.11B, declined 18.0% below 2022.
Baxter International Total Debt 2022: $17.20B
Baxter International total debt in 2022 was $17.20B, declined 6.0% below 2021.
Baxter International Total Debt 2021: $18.31B
Baxter International total debt in 2021 was $18.31B.
See more financial history for Baxter International (BAX).
Sector peers — Total Debt
Companies in the same sector as Baxter International, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $130.96B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $78.39B | Healthcare |
| AbbVie Inc. (ABBV) | $69.07B | Healthcare |
| Amgen Inc. (AMGN) | $54.60B | Healthcare |
| Merck & Co., Inc. (MRK) | $50.53B | Healthcare |
| Johnson & Johnson (JNJ) | $47.93B | Healthcare |
| Eli Lilly and Company (LLY) | $42.50B | Healthcare |
| AstraZeneca PLC (AZN) | $29.70B | Healthcare |
Frequently asked questions
What is Baxter International's total debt?
- Latest reported total debt for Baxter International (BAX) is $9.78B (period ending December 31, 2025).
How has Baxter International total debt changed year-over-year?
- Baxter International (BAX) total debt changed -25.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Baxter International total debt?
- Baxter International (BAX) total debt compound annual growth rate is +8.0% over the most recent 5 years available.
When did Baxter International total debt hit its highest annual value?
- Baxter International total debt reached its highest annual value of $18.31B in 2021.
What was Baxter International total debt in 2024?
- Baxter International (BAX) total debt in 2024 was $13.45B.
What was Baxter International total debt in 2025?
- Baxter International (BAX) total debt in 2025 was $10.00B.
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