Baytex Energy Balance Sheet Health
Financial Health criteria checks 3/6
Baytex Energy has a total shareholder equity of CA$4.2B and total debt of CA$2.3B, which brings its debt-to-equity ratio to 54.1%. Its total assets and total liabilities are CA$7.8B and CA$3.6B respectively. Baytex Energy's EBIT is CA$770.9M making its interest coverage ratio 3.5. It has cash and short-term investments of CA$16.6M.
Key information
54.1%
Debt to equity ratio
CA$2.26b
Debt
| Interest coverage ratio | 3.5x |
| Cash | CA$16.61m |
| Equity | CA$4.17b |
| Total liabilities | CA$3.59b |
| Total assets | CA$7.76b |
Recent financial health updates
Does Baytex Energy (TSE:BTE) Have A Healthy Balance Sheet?
Jan 28
Is Baytex Energy (TSE:BTE) A Risky Investment?
Nov 29We Think Baytex Energy (TSE:BTE) Is Taking Some Risk With Its Debt
Aug 31Baytex Energy (TSE:BTE) Takes On Some Risk With Its Use Of Debt
Apr 08Here's Why Baytex Energy (TSE:BTE) Can Manage Its Debt Responsibly
Dec 06Recent updates
Does Baytex Energy (TSE:BTE) Have A Healthy Balance Sheet?
Jan 28Baytex Energy's (TSE:BTE) Dividend Will Be CA$0.0225
Dec 04Baytex Energy (TSE:BTE) Is Paying Out A Dividend Of CA$0.0225
Nov 07Investors Aren't Buying Baytex Energy Corp.'s (TSE:BTE) Revenues
Nov 04Baytex Energy (TSE:BTE) Has Affirmed Its Dividend Of CA$0.0225
Aug 19Baytex Energy (TSE:BTE) Is Paying Out A Dividend Of CA$0.0225
Jul 30Baytex Energy Corp.'s (TSE:BTE) Revenues Are Not Doing Enough For Some Investors
Jul 15Market Might Still Lack Some Conviction On Baytex Energy Corp. (TSE:BTE) Even After 25% Share Price Boost
Apr 11Baytex Energy Corp. (TSE:BTE) Looks Inexpensive But Perhaps Not Attractive Enough
Dec 28Is Baytex Energy (TSE:BTE) A Risky Investment?
Nov 29Baytex Energy Corp.'s (TSE:BTE) Intrinsic Value Is Potentially 63% Above Its Share Price
Nov 08We Think Baytex Energy (TSE:BTE) Is Taking Some Risk With Its Debt
Aug 31Baytex Energy (TSE:BTE) Takes On Some Risk With Its Use Of Debt
Apr 08New Forecasts: Here's What Analysts Think The Future Holds For Baytex Energy Corp. (TSE:BTE)
Mar 03Are Baytex Energy Corp. (TSE:BTE) Investors Paying Above The Intrinsic Value?
Dec 27Here's Why Baytex Energy (TSE:BTE) Can Manage Its Debt Responsibly
Dec 06Financial Position Analysis
Short Term Liabilities: BTE's short term assets (CA$449.6M) do not cover its short term liabilities (CA$573.7M).
Long Term Liabilities: BTE's short term assets (CA$449.6M) do not cover its long term liabilities (CA$3.0B).
Debt to Equity History and Analysis
Debt Level: BTE's net debt to equity ratio (53.7%) is considered high.
Reducing Debt: BTE's debt to equity ratio has reduced from 62.2% to 54.1% over the past 5 years.
Debt Coverage: BTE's debt is well covered by operating cash flow (84.5%).
Interest Coverage: BTE's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/10 22:04 |
| End of Day Share Price | 2025/03/10 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Baytex Energy Corp. is covered by 29 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Laique Ahmad Amir Arif | ATB Capital Markets |
| Patrick O'Rourke | ATB Capital Markets |
| Grant Hofer | Barclays |