Quick Ratio

A quick ratio of 1.01x means Baxter has $1.01 in highly liquid assets — cash, marketable securities, and receivables — for every $1.00 of current liabilities due within a year, indicating just enough short-term liquidity to cover obligations.

This sits slightly below the healthcare sector median of 1.08x and places the company at the 46th percentile among sector peers, suggesting its liquidity position is in the lower half of similar firms. No historical trend data is available because the year-over-year change and quarter-over-quarter change are both marked as not available (N/A), and there are no values from the last eight quarters to assess. With the level near 1.0 and no trend information, the absence of directional movement makes it impossible to judge whether liquidity is improving or weakening, leaving only a snapshot of adequate but unremarkable coverage. This metric supports the overall CAUTIOUS verdict because Baxter’s quick ratio is below the sector median and offers no evidence of strengthening, reinforcing a watchful stance on the stock’s short-term financial health.

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