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Baxter International Inc. (BAX) Interest Coverage Ratio: -1.06x

The interest coverage ratio for Baxter International Inc. (BAX) is -1.06x as of Thursday, June 11, 2026.

BAX Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

-1.06x

BAX Competitors' Interest Coverage Ratio

NAMEMARKET CAPINTEREST COVERAGE RATIOTTM3Y5Y
Baxter International Inc. (BAX)$10.49B-1.06xN/AN/AN/A
Charles River Laboratories International, Inc. (CRL)$9.06B4.74x3.27x5.51x5.84x
Align Technology, Inc. (ALGN)$12.56BN/A67.41x66.08x407.22x
Bio-Rad Laboratories, Inc. (BIO)$7.89B5.52x5.51x7.63x62.06x
Hims & Hers Health, Inc. (HIMS)$6.42BN/AN/AN/AN/A
Hologic, Inc. (HOLX)$16.97B16.73x11.98x11.81x13.87x
Moderna, Inc. (MRNA)$18.40BN/A531.75x531.75x531.75x
BioNTech SE (BNTX)$21.81B-45.74x444.02x1201.03x1201.03x
Mettler-Toledo International Inc. (MTD)$22.85B16.32x15.71x16.43x18.17x
Waters Corporation (WAT)$23.83B17.59x13.40x13.24x14.07x

Financial Health Indicators

Interest Coverage

-1.1x

Debt/Equity

1.63

Current Ratio

2.31

Formula: Interest Coverage = EBIT / Interest Expense

Reference ranges:

  • < 1.5x: EBIT is less than 1.5 times interest expense
  • 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
  • 3x - 5x: EBIT is between 3 and 5 times interest expense
  • > 5x: EBIT is more than 5 times interest expense

Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.

Baxter International Inc. Interest Coverage Ratio Formula & Definition

Interest Coverage = EBIT / Interest Expense

The interest coverage ratio measures operating earnings relative to interest expense.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Baxter International Inc. Interest Coverage Ratio FAQ

What is the interest coverage ratio for Baxter International Inc. (BAX)?
The interest coverage ratio for BAX stock is -1.06x.

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.

Deerfield, IL
38,000 employees
Healthcare / Medical - Instruments & Supplies
Sector
Healthcare
Industry
Medical - Instruments & Supplies
CEO
Andrew Hider