Baxter Operating Income vs Income Before Tax Analysis

BAX Stock

USD 31.44 0.41 1.29%

Baxter International financial indicator trend analysis is way more than just evaluating Baxter International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Baxter International is a good investment. Please check the relationship between Baxter International Operating Income and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baxter International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Baxter Stock please use our How to Invest in Baxter International guide.

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Baxter International Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have strong relationship.

The correlation between Baxter International's Operating Income and Income Before Tax is 0.67. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Baxter International, assuming nothing else is changed. The correlation between historical values of Baxter International's Operating Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Baxter International are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., Baxter International's Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Baxter International operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Baxter International is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Baxter International income statement and is an important metric when analyzing Baxter International profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most indicators from Baxter International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Baxter International current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baxter International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Baxter Stock please use our How to Invest in Baxter International guide.At this time, Baxter International's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 19.23 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.4 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	192M	395M	512M	537.6M
Depreciation And Amortization	890M	1.4B	1.3B	653.6M

Interest Expense Depreciation And Amortization

Baxter International fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Common Stock Total Equity
Total Assets		0.76	0.42	0.75	0.55	0.68	0.71	0.51	0.45	0.96	0.17	0.27	0.88	0.29	0.83	0.73	0.76	-0.58	0.97	0.76	0.73	0.37	0.57	0.36	0.61	0.62
Short Long Term Debt Total	0.76		0.26	0.49	0.09	0.3	0.99	0.47	0.0	0.83	0.23	-0.08	0.66	0.15	0.98	0.51	0.71	-0.64	0.84	0.96	0.32	0.61	0.93	0.58	0.29	0.37
Other Current Liab	0.42	0.26		0.47	0.03	0.71	0.22	0.07	0.3	0.41	0.49	-0.27	0.72	0.2	0.38	0.81	0.34	-0.05	0.47	0.36	0.3	-0.01	0.07	0.33	0.22	0.22
Total Current Liabilities	0.75	0.49	0.47		0.43	0.71	0.44	0.22	0.37	0.57	0.26	0.47	0.81	0.44	0.51	0.82	0.52	-0.22	0.72	0.55	0.89	0.65	0.22	0.1	0.58	0.62
Total Stockholder Equity	0.55	0.09	0.03	0.43		0.53	-0.03	0.69	0.8	0.4	-0.2	0.66	0.45	0.61	0.14	0.24	0.34	-0.48	0.31	0.17	0.7	0.06	-0.08	-0.19	0.83	0.79
Property Plant And Equipment Net	0.68	0.3	0.71	0.71	0.53		0.22	0.37	0.55	0.56	0.17	0.2	0.85	0.5	0.44	0.88	0.38	-0.25	0.61	0.41	0.72	0.14	0.0	0.17	0.62	0.56
Net Debt	0.71	0.99	0.22	0.44	-0.03	0.22		0.35	-0.15	0.8	0.21	-0.15	0.59	0.03	0.96	0.46	0.66	-0.57	0.82	0.92	0.24	0.6	0.95	0.62	0.17	0.25
Retained Earnings	0.51	0.47	0.07	0.22	0.69	0.37	0.35		0.58	0.51	-0.11	0.15	0.47	0.65	0.46	0.2	0.54	-0.9	0.37	0.57	0.33	0.21	0.38	0.12	0.79	0.82
Cash	0.45	0.0	0.3	0.37	0.8	0.55	-0.15	0.58		0.31	0.07	0.49	0.49	0.53	0.08	0.33	0.37	-0.39	0.26	0.1	0.6	-0.1	-0.21	-0.24	0.74	0.71
Non Current Assets Total	0.96	0.83	0.41	0.57	0.4	0.56	0.8	0.51	0.31		0.17	0.02	0.82	0.13	0.9	0.65	0.77	-0.61	0.96	0.81	0.49	0.27	0.71	0.53	0.46	0.48
Non Currrent Assets Other	0.17	0.23	0.49	0.26	-0.2	0.17	0.21	-0.11	0.07	0.17		-0.14	0.36	0.16	0.27	0.36	0.4	0.06	0.25	0.25	0.12	0.08	0.14	0.01	0.07	0.09
Cash And Short Term Investments	0.27	-0.08	-0.27	0.47	0.66	0.2	-0.15	0.15	0.49	0.02	-0.14		0.09	0.4	-0.1	0.0	0.09	-0.09	0.1	-0.12	0.76	0.32	-0.27	-0.52	0.51	0.46
Net Receivables	0.88	0.66	0.72	0.81	0.45	0.85	0.59	0.47	0.49	0.82	0.36	0.09		0.46	0.75	0.93	0.7	-0.46	0.86	0.74	0.7	0.35	0.41	0.33	0.65	0.66
Common Stock Shares Outstanding	0.29	0.15	0.2	0.44	0.61	0.5	0.03	0.65	0.53	0.13	0.16	0.4	0.46		0.18	0.34	0.3	-0.41	0.14	0.33	0.56	0.27	-0.05	-0.39	0.85	0.84
Non Current Liabilities Total	0.83	0.98	0.38	0.51	0.14	0.44	0.96	0.46	0.08	0.9	0.27	-0.1	0.75	0.18		0.61	0.72	-0.61	0.9	0.95	0.37	0.48	0.88	0.57	0.33	0.38
Inventory	0.73	0.51	0.81	0.82	0.24	0.88	0.46	0.2	0.33	0.65	0.36	0.0	0.93	0.34	0.61		0.5	-0.19	0.75	0.6	0.64	0.33	0.25	0.35	0.44	0.45
Other Current Assets	0.76	0.71	0.34	0.52	0.34	0.38	0.66	0.54	0.37	0.77	0.4	0.09	0.7	0.3	0.72	0.5		-0.64	0.76	0.73	0.46	0.34	0.6	0.29	0.56	0.6
Other Stockholder Equity	-0.58	-0.64	-0.05	-0.22	-0.48	-0.25	-0.57	-0.9	-0.39	-0.61	0.06	-0.09	-0.46	-0.41	-0.61	-0.19	-0.64		-0.5	-0.66	-0.27	-0.31	-0.57	-0.25	-0.64	-0.68
Total Liab	0.97	0.84	0.47	0.72	0.31	0.61	0.82	0.37	0.26	0.96	0.25	0.1	0.86	0.14	0.9	0.75	0.76	-0.5		0.81	0.61	0.41	0.67	0.47	0.43	0.45
Property Plant And Equipment Gross	0.76	0.96	0.36	0.55	0.17	0.41	0.92	0.57	0.1	0.81	0.25	-0.12	0.74	0.33	0.95	0.6	0.73	-0.66	0.81		0.36	0.62	0.88	0.55	0.42	0.52
Total Current Assets	0.73	0.32	0.3	0.89	0.7	0.72	0.24	0.33	0.6	0.49	0.12	0.76	0.7	0.56	0.37	0.64	0.46	-0.27	0.61	0.36		0.47	0.02	-0.16	0.73	0.7
Short Term Debt	0.37	0.61	-0.01	0.65	0.06	0.14	0.6	0.21	-0.1	0.27	0.08	0.32	0.35	0.27	0.48	0.33	0.34	-0.31	0.41	0.62	0.47		0.52	0.26	0.22	0.36
Intangible Assets	0.57	0.93	0.07	0.22	-0.08	0.0	0.95	0.38	-0.21	0.71	0.14	-0.27	0.41	-0.05	0.88	0.25	0.6	-0.57	0.67	0.88	0.02	0.52		0.65	0.06	0.17
Accounts Payable	0.36	0.58	0.33	0.1	-0.19	0.17	0.62	0.12	-0.24	0.53	0.01	-0.52	0.33	-0.39	0.57	0.35	0.29	-0.25	0.47	0.55	-0.16	0.26	0.65		-0.27	-0.18
Common Stock	0.61	0.29	0.22	0.58	0.83	0.62	0.17	0.79	0.74	0.46	0.07	0.51	0.65	0.85	0.33	0.44	0.56	-0.64	0.43	0.42	0.73	0.22	0.06	-0.27		0.98
Common Stock Total Equity	0.62	0.37	0.22	0.62	0.79	0.56	0.25	0.82	0.71	0.48	0.09	0.46	0.66	0.84	0.38	0.45	0.6	-0.68	0.45	0.52	0.7	0.36	0.17	-0.18	0.98

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Baxter International Account Relationship Matchups

Baxter International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.2B	20.0B	33.5B	28.3B	28.3B	16.2B
Short Long Term Debt Total	6.0B	6.8B	18.3B	17.2B	14.4B	15.1B
Other Current Liab	1.7B	1.5B	1.9B	1.9B	2.1B	1.6B
Total Current Liabilities	3.2B	3.3B	4.2B	4.7B	6.5B	3.8B
Total Stockholder Equity	7.9B	8.7B	9.1B	5.8B	8.4B	5.8B
Property Plant And Equipment Net	5.1B	5.3B	5.8B	5.5B	5.0B	4.3B
Net Debt	2.6B	3.1B	15.4B	15.5B	11.2B	11.7B
Retained Earnings	15.7B	16.3B	17.1B	14.1B	16.1B	16.9B
Cash	3.3B	3.7B	3.0B	1.7B	3.2B	1.7B
Non Current Assets Total	10.7B	11.6B	24.6B	20.3B	18.7B	9.6B
Non Currrent Assets Other	372M	512M	683M	584M	548M	689.2M
Cash And Short Term Investments	3.3B	3.7B	3.0B	1.7B	3.2B	1.8B
Net Receivables	1.9B	2.1B	2.7B	2.6B	2.7B	2.1B
Common Stock Shares Outstanding	519M	517M	508M	504M	506M	620.3M
Liabilities And Stockholders Equity	18.2B	20.0B	33.5B	28.3B	28.3B	16.2B
Non Current Liabilities Total	7.1B	8.0B	20.2B	17.6B	13.3B	14.0B
Other Current Assets	389M	688M	755M	991M	839M	521.8M
Other Stockholder Equity	(4.8B)	(5.0B)	(5.3B)	(5.1B)	(4.8B)	(4.6B)
Total Liab	10.3B	11.3B	24.4B	22.4B	19.8B	10.3B
Property Plant And Equipment Gross	5.1B	5.3B	12.4B	12.0B	11.7B	12.3B
Total Current Assets	7.5B	8.4B	8.9B	8.0B	9.6B	6.6B
Accumulated Other Comprehensive Income	(3.7B)	(3.3B)	(3.4B)	(3.8B)	(3.6B)	(3.4B)
Short Term Debt	642M	517M	639M	1.5B	2.8B	2.9B
Intangible Assets	1.5B	1.7B	7.8B	6.8B	6.1B	6.4B
Accounts Payable	892M	1.0B	1.2B	1.1B	1.2B	1.1B
Other Liab	1.7B	1.7B	2.5B	2.0B	2.3B	2.3B
Other Assets	983M	1.3B	835M	653M	587.7M	872.8M
Long Term Debt	4.8B	5.8B	17.1B	15.2B	11.1B	5.9B
Good Will	3.0B	3.2B	9.8B	6.8B	6.5B	3.3B
Treasury Stock	(10.8B)	(11.1B)	(11.5B)	(11.4B)	(10.3B)	(9.7B)
Property Plant Equipment	4.5B	4.7B	5.8B	5.5B	6.4B	5.4B
Noncontrolling Interest In Consolidated Entity	30M	37M	44M	62M	55.8M	29.9M
Retained Earnings Total Equity	15.7B	16.3B	17.1B	14.1B	16.2B	12.7B

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Baxter Operating Income vs Income Before Tax Analysis

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Operating Income

Income Before Tax

Baxter International fundamental ratios Correlations

Baxter International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Baxter International fundamental ratios Accounts

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Additional Tools for Baxter Stock Analysis

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Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Common Stock Total Equity	+ 0.98	Common Stock
Total Liab	+ 0.97	Total Assets
Non Current Assets Total	+ 0.96	Total Assets
Property Plant And Equipment Gross	+ 0.96	Short Long Term Debt Total

Other Stockholder Equity	- 0.9	Retained Earnings
Common Stock Total Equity	- 0.68	Other Stockholder Equity
Property Plant And Equipment Gross	- 0.66	Other Stockholder Equity
Common Stock	- 0.64	Other Stockholder Equity
Other Stockholder Equity	- 0.64	Other Current Assets
Other Stockholder Equity	- 0.64	Short Long Term Debt Total