Baxter International Inc. (BAX) Current Ratio: 2.31
Is Baxter International Inc.’s current ratio high or low?
Baxter International Inc.'s current ratio of 2.31 is 21% above its 5-year average of 1.91, near the high end of its 5-year range (1.36–2.52).
As of Friday, June 12, 2026. 25.89% above its 12-month average of 1.83.
BAX Current Ratio Chart
BAX Average Current Ratio Chart
BAX Current vs Average Current Ratio Chart
BAX Current Ratio Metrics
CURRENT RATIO
2.31
CURRENT RATIO AVG TTM
1.83
CURRENT RATIO AVG 3Y
1.71
CURRENT RATIO AVG 5Y
1.91
CURRENT RATIO AVG 10Y
2.08
CURRENT RATIO AVG 15Y
2.02
CURRENT RATIO AVG 20Y
1.96
CURRENT VS TTM AVG
+25.89%
CURRENT VS 3Y AVG
+35.09%
CURRENT VS 5Y AVG
+21.05%
CURRENT VS 10Y AVG
+10.91%
CURRENT VS 15Y AVG
+14.64%
CURRENT VS 20Y AVG
+17.74%
BAX Competitors' Current Ratio
| NAME | MARKET CAP | CURRENT RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Baxter International Inc. (BAX) | $10.70B | 2.31 | 1.83 | 1.71 | 1.91 |
| Charles River Laboratories International, Inc. (CRL) | $9.06B | 1.29 | 1.35 | 1.39 | 1.37 |
| Align Technology, Inc. (ALGN) | $12.64B | 1.36 | 1.29 | 1.26 | 1.29 |
| Tempus AI, Inc. (TEM) | $8.65B | 3.13 | 2.71 | 2.36 | 3.23 |
| Bio-Rad Laboratories, Inc. (BIO) | $7.91B | 5.62 | 6.05 | 5.87 | 4.96 |
| Solventum Corporation (SOLV) | $13.72B | 1.23 | 1.21 | 1.40 | 1.43 |
| Hims & Hers Health, Inc. (HIMS) | $6.44B | 1.90 | 1.84 | 2.80 | 3.67 |
| Hologic, Inc. (HOLX) | $16.97B | 3.75 | 3.72 | 3.76 | 3.20 |
| Moderna, Inc. (MRNA) | $19.70B | 3.29 | 3.48 | 3.28 | 2.72 |
| 23andMe Holding Co. (ME) | $15.31M | 0.83 | 1.40 | 2.39 | 2.32 |
Liquidity Analysis
Current Ratio
2.31
Quick Ratio
1.56
Baxter International Inc. Current Ratio Formula & Definition
Current Ratio = Current Assets / Current Liabilities
The current ratio measures short-term liquidity — a company's ability to cover current liabilities with current assets. Above 1.0 indicates positive working capital.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Baxter International Inc. Current Ratio FAQ
- What is the current ratio for Baxter International Inc. (BAX)?
- The current ratio for BAX stock is 2.31.
- Is Baxter International Inc.'s current ratio high or low?
- Baxter International Inc.'s current ratio of 2.31 is 21% above its 5-year average of 1.91, near the high end of its 5-year range (1.36–2.52).
- What is the TTM average current ratio for Baxter International Inc. (BAX)?
- The TTM average current ratio for BAX stock is 1.83.
- What is the 3Y average current ratio for Baxter International Inc. (BAX)?
- The 3Y average current ratio for BAX stock is 1.71.
- What is the 5Y average current ratio for Baxter International Inc. (BAX)?
- The 5Y average current ratio for BAX stock is 1.91.
- What is the 10Y average current ratio for Baxter International Inc. (BAX)?
- The 10Y average current ratio for BAX stock is 2.08.
- What is the 15Y average current ratio for Baxter International Inc. (BAX)?
- The 15Y average current ratio for BAX stock is 2.02.
- What is the 20Y average current ratio for Baxter International Inc. (BAX)?
- The 20Y average current ratio for BAX stock is 1.96.
Baxter International Inc. Current Ratio History
| DATE | CURRENT RATIO |
|---|---|
| 2025-12-31 | 2.31 |
| 2024-12-31 | 1.36 |
| 2023-12-31 | 1.48 |
| 2022-12-31 | 1.69 |
| 2021-12-31 | 2.09 |
| 2020-12-31 | 2.52 |
| 2019-12-31 | 2.32 |
| 2018-12-31 | 2.12 |
| 2017-12-31 | 2.57 |
| 2016-12-31 | 2.40 |
| 2015-12-31 | 2.05 |
| 2014-12-31 | 1.68 |
| 2013-12-31 | 1.94 |
| 2012-12-31 | 1.95 |
| 2011-12-31 | 1.78 |
| 2010-12-31 | 1.98 |
| 2009-12-31 | 1.85 |
| 2008-12-31 | 1.97 |
| 2007-12-31 | 1.98 |
| 2006-12-31 | 1.93 |
| 2005-12-31 | 1.23 |
| 2004-12-31 | 1.40 |
| 2003-12-31 | 1.41 |
| 2002-12-31 | 1.34 |
| 2001-12-31 | 1.21 |
| 2000-12-31 | 1.08 |
| 1999-12-31 | 1.41 |
| 1998-12-31 | 1.52 |
| 1997-12-31 | 1.51 |
| 1996-12-31 | 1.42 |
Related Metrics
About Baxter International Inc.
Baxter International Inc., operating globally via its subsidiaries, is a leading developer and provider of a wide spectrum of healthcare products. The company's comprehensive portfolio includes various dialysis treatments, such as peritoneal and hemodialysis, along with related therapies and services. It also specializes in intravenous (IV) therapies, infusion pumps, administration sets, and devices for drug reconstitution. Further expanding its pharmaceutical offerings, Baxter delivers pre-mixed and oncology drug platforms, inhaled anesthetic agents, critical care products, and pharmacy compounding services. Nutritional support is provided through its parenteral nutrition therapies and associated products. For surgical procedures, the company develops biological products and medical devices vital for achieving hemostasis, tissue sealing, and preventing adhesions. Additionally, Baxter supplies continuous renal replacement therapies (CRRT) and other organ support solutions, primarily tailored for intensive care units. Beyond direct medical supplies, Baxter provides sophisticated connected care solutions, integrating devices, software, communication systems, and other advanced technologies. This includes a range of patient monitoring and diagnostic technologies designed to aid in the diagnosis, treatment, and management of numerous illnesses and conditions, spanning respiratory therapy, cardiology, vision screening, and physical assessment. The surgical suite benefits from its specialized video technologies, operating tables, lights, pendants, precision positioning tools, and various ancillary accessories. The company also offers contracted services to a multitude of pharmaceutical and biopharmaceutical companies. Baxter's products are utilized across diverse healthcare environments, including hospitals, kidney dialysis centers, nursing homes, rehabilitation centers, doctors' offices, and for home-based patients under medical supervision. Operating in approximately 100 countries, Baxter distributes its extensive product line through a direct sales force, independent distributors, drug wholesalers, and specialty pharmacies or other alternative site providers. The company also holds a collaborative agreement with Celerity Pharmaceutical, LLC, focused on developing generic injectable pre-mixed medications for acute care and oncolytic molecules. Established in 1931, Baxter International Inc. is headquartered in Deerfield, Illinois.
- Sector
- Healthcare
- Industry
- Medical - Instruments & Supplies
- CEO
- Andrew Hider