Stock Analysis on Net

Baxter International Inc. (NYSE:BAX)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 4, 2016.

Analysis of Debt

Microsoft Excel

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Total Debt (Carrying Amount)

Baxter International Inc., balance sheet: debt

US$ in millions

Microsoft Excel
Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Short-term debt
Current maturities of long-term debt and lease obligations
Long-term debt and lease obligations, excluding current maturities
Total debt and lease obligations (carrying amount)

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

Debt item Description The company
Total debt and lease obligations (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Baxter International Inc. total debt increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.

Total Debt (Fair Value)

Microsoft Excel
Dec 31, 2015
Selected Financial Data (US$ in millions)
Short-term debt
Current maturities of long-term debt and lease obligations
Long-term debt and lease obligations, excluding current maturities
Total debt and lease obligations (fair value)
Financial Ratio
Debt, fair value to carrying amount ratio

Based on: 10-K (reporting date: 2015-12-31).


Weighted-average Interest Rate on Debt

Weighted-average effective interest rate on debt:

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
Total

Based on: 10-K (reporting date: 2015-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × ÷ =


Interest Costs Incurred

Baxter International Inc., interest costs incurred

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Interest expense
Interest costs capitalized
Interest costs

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

Debt item Description The company
Interest expense Amount of the cost of borrowed funds accounted for as interest expense for debt. Baxter International Inc. interest expense increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.
Interest costs capitalized Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred.
Interest costs Total interest costs incurred during the period and either capitalized or charged against earnings. Baxter International Inc. interest costs increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.

Adjusted Interest Coverage Ratio

Microsoft Excel
Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Selected Financial Data (US$ in millions)
Net income attributable to Baxter
Add: Net income attributable to noncontrolling interest
Less: Income from discontinued operations, net of tax
Add: Income tax expense
Add: Interest expense
Earnings before interest and tax (EBIT)
 
Interest costs
Financial Ratio With and Without Capitalized Interest
Interest coverage ratio (without capitalized interest)1
Adjusted interest coverage ratio (with capitalized interest)2

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

2015 Calculations

1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Interest expense
= ÷ =

2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Interest costs
= ÷ =


Solvency ratio Description The company
Adjusted interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). Baxter International Inc. adjusted interest coverage ratio deteriorated from 2013 to 2014 and from 2014 to 2015.