• Baxter average price to free cash flow ratio for 2023 was 21.75, a 30.2% increase from 2022.
• Baxter average price to free cash flow ratio for 2022 was 31.16, a 10.34% decline from 2021.
• Baxter average price to free cash flow ratio for 2021 was 28.24, a 1.19% increase from 2020.

Price to free cash flow ratio can be defined as