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$2.2B, which brings its debt-to-equity ratio to 51.5%. Its total assets and total liabilities are CA$7.8B and CA$3.6B respectively. Baytex Energy's EBIT is CA$811.2M making its interest coverage ratio 3.8. It has cash and short-term investments of CA$6.0M.
Key information
51.5%
Debt to equity ratio
CA$2.17b
Debt
| Interest coverage ratio | 3.8x |
| Cash | CA$5.97m |
| Equity | CA$4.20b |
| Total liabilities | CA$3.62b |
| Total assets | CA$7.82b |
Recent financial health updates
No updates
Recent updates
Baytex Energy: Early Signs Of Contrarian Investors Loading The Barrel
Mar 29Baytex Energy: Costs Decline At The Right Time
Mar 05Baytex Energy: 2025 Guidance Does Not Alter My Buy Thesis
Dec 27Baytex Energy: A Look At Its Outlook For 2025
Dec 20Baytex Energy: A 'Scratch And Dent' Standout
Nov 26Baytex Energy: Post Ranger Oil Acquisition Improving Results
Nov 18Baytex Energy: Solid Operational Performance, But Vulnerable To Lower Oil Prices
Oct 17Baytex Energy: 'But The Stock Price...'
Sep 27Baytex Energy: Per Share Production Up 23%
Jul 26Baytex Energy: Narrower WCS Differentials Partially Offset Lower Oil Prices
Jun 06Baytex Energy: Some Patience Needed
May 10Baytex Energy: Projected 2024 Free Cash Flow Improves To Over US$500 Million
Mar 21Baytex Energy: One Of Best E&Ps For Oil Bulls
Mar 04Baytex Energy Is Worth Some Thought
Feb 19Baytex Energy May Be The Most Undervalued Energy Stock On My Radar
Jan 18Baytex: Downgrading To 'Buy' On Lower Oil Price Assumptions
Dec 17Baytex Energy: Solid Operational Performance, But Lowered Free Cash Flow Expectations
Dec 05Baytex Energy: Choosing Between Profits And More Profits
Nov 03Baytex Energy: Taking Advantage Of A Good Deal
Oct 04Baytex Energy: Strong Oil Prices Push Projected H2 2023 FCF Above US$400 Million
Sep 04Baytex Energy: Is The Stock Still Dirt Cheap?
Jul 28Baytex Energy: Going For More
Jul 12Baytex Energy: Leaving The Past Behind
Jun 22Financial Position Analysis
Short Term Liabilities: BTE's short term assets (CA$417.8M) do not cover its short term liabilities (CA$662.8M).
Long Term Liabilities: BTE's short term assets (CA$417.8M) 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 (51.4%) is considered high.
Reducing Debt: BTE's debt to equity ratio has reduced from 308.4% to 51.5% over the past 5 years.
Debt Coverage: BTE's debt is well covered by operating cash flow (90.3%).
Interest Coverage: BTE's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/07 22:58 |
| End of Day Share Price | 2025/05/07 00:00 |
| Earnings | 2025/03/31 |
| 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 31 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 |
|---|---|
| Patrick O'Rourke | ATB Capital Markets |
| Laique Ahmad Amir Arif | ATB Capital Markets |
| Grant Hofer | Barclays |