Baytex Energy (Baytex Energy) Debt-to-Equity

: 0.64 (As of Dec. 2023)

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Baytex Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10 Mil. Baytex Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,809 Mil. Baytex Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,851 Mil. Baytex Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.64.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Baytex Energy's Debt-to-Equity or its related term are showing as below:

BTE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.73 Max: 3.1
Current: 0.64

During the past 13 years, the highest Debt-to-Equity Ratio of Baytex Energy was 3.10. The lowest was 0.31. And the median was 0.73.

BTE's Debt-to-Equity is ranked worse than
61.18% of 832 companies
in the Oil & Gas industry
Industry Median: 0.435 vs BTE: 0.64

Baytex Energy Debt-to-Equity Historical Data

The historical data trend for Baytex Energy's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Baytex Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.63

3.10

0.63

0.31

0.64

Baytex Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.31	0.31	0.56	0.56	0.64

Competitive Comparison

For the Oil & Gas E&P subindustry, Baytex Energy's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Baytex Energy Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, Baytex Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Baytex Energy's Debt-to-Equity falls into.

Baytex Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Baytex Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(9.981	+	1809.158)	/	2851.138
	=	0.64

Baytex Energy's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(9.981	+	1809.158)	/	2851.138
	=	0.64

Baytex Energy (NYSE:BTE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Baytex Energy Debt-to-Equity Related Terms

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Baytex Energy (Baytex Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Baytex Energy Corp (NYSE:BTE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

B5X:Germany BTE:Canada

Address

2800, 520 - 3rd Avenue SW, Centennial Place, East Tower, Calgary, AB, CAN, T2P 0R3

Website

https://www.baytexenergy.com

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.