Baytex Energy Balance Sheet Health
Financial Health criteria checks 3/6
Baytex Energy has a total shareholder equity of CA$3.8B and total debt of CA$2.4B, which brings its debt-to-equity ratio to 63%. Its total assets and total liabilities are CA$7.5B and CA$3.6B respectively.
Key information
63.0%
Debt to equity ratio
CA$2.41b
Debt
Interest coverage ratio | n/a |
Cash | CA$55.82m |
Equity | CA$3.83b |
Total liabilities | CA$3.64b |
Total assets | CA$7.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: B5X's short term assets (CA$440.0M) do not cover its short term liabilities (CA$558.0M).
Long Term Liabilities: B5X's short term assets (CA$440.0M) do not cover its long term liabilities (CA$3.1B).
Debt to Equity History and Analysis
Debt Level: B5X's net debt to equity ratio (61.6%) is considered high.
Reducing Debt: B5X's debt to equity ratio has reduced from 68.9% to 63% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable B5X has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: B5X is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 25.3% per year.