Baytex Energy Balance Sheet Health
Financial Health criteria checks 4/6
Baytex Energy has a total shareholder equity of CA$3.0B and total debt of CA$930.6M, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are CA$5.1B and CA$2.1B respectively. Baytex Energy's EBIT is CA$1.0B making its interest coverage ratio 11.8. It has cash and short-term investments of CA$5.5M.
Key information
30.7%
Debt to equity ratio
CA$930.63m
Debt
| Interest coverage ratio | 11.8x |
| Cash | CA$5.46m |
| Equity | CA$3.03b |
| Total liabilities | CA$2.07b |
| Total assets | CA$5.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BTE N's short term assets (CA$244.1M) do not cover its short term liabilities (CA$288.5M).
Long Term Liabilities: BTE N's short term assets (CA$244.1M) do not cover its long term liabilities (CA$1.8B).
Debt to Equity History and Analysis
Debt Level: BTE N's net debt to equity ratio (30.5%) is considered satisfactory.
Reducing Debt: BTE N's debt to equity ratio has reduced from 88.1% to 30.7% over the past 5 years.
Debt Coverage: BTE N's debt is well covered by operating cash flow (126%).
Interest Coverage: BTE N's interest payments on its debt are well covered by EBIT (11.8x coverage).