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
Baytex 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 22Baytex Energy sets 2021 capital budget above $225M, efficiency to boost 30%
Dec 02Baytex Energy: High Risk, High Reward
Nov 09Baytex Energy: Heavily Leveraged, But No Debt Maturities Until 2024
Nov 05Baytex Energy Corp. 2020 Q3 - Results - Earnings Call Presentation
Nov 03Financial Position Analysis
Short Term Liabilities: BTE's short term assets (CA$440.0M) do not cover its short term liabilities (CA$558.0M).
Long Term Liabilities: BTE'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: BTE's net debt to equity ratio (61.6%) is considered high.
Reducing Debt: BTE'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 BTE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BTE 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.