Baytex Energy (BTEN) Ratios
Baytex Energy Ratios
MX:BTEN's free cash flow for Q2 2026 was $108.04M. For the 2026 fiscal year, MX:BTEN's free cash flow was decreased by $-122.81M and operating cash flow was $230.85M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 3.61 | 0.78 | 0.79 | 0.85 | 0.54 |
| Quick Ratio | 3.61 | 0.78 | 0.79 | 0.85 | 0.54 |
| Cash Ratio | 2.89 | 0.03 | 0.10 | 0.02 | 0.00 |
| Solvency Ratio | -0.10 | 0.46 | 0.22 | 0.70 | 0.80 |
| Operating Cash Flow Ratio | 4.50 | 3.33 | 2.32 | 4.07 | 2.10 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 207.58 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ 234.00M | $ -3.14B | $ -3.20B | $ -1.83B | $ -2.44B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.04 | 0.29 | 0.33 | 0.18 | 0.29 |
| Debt-to-Equity Ratio | 0.05 | 0.55 | 0.64 | 0.31 | 0.63 |
| Debt-to-Capital Ratio | 0.05 | 0.35 | 0.39 | 0.24 | 0.39 |
| Long-Term Debt-to-Capital Ratio | 0.04 | 0.35 | 0.39 | 0.23 | 0.38 |
| Financial Leverage Ratio | 1.40 | 1.86 | 1.95 | 1.68 | 2.19 |
| Debt Service Coverage Ratio | 1.79 | 8.05 | 5.67 | 19.22 | 23.76 |
| Interest Coverage Ratio | 1.04 | 3.46 | 3.74 | 11.74 | 5.67 |
| Debt to Market Cap | 0.03 | 0.76 | 0.78 | 0.27 | 0.63 |
| Interest Debt Per Share | 0.44 | 3.12 | 3.71 | 1.82 | 2.62 |
| Net Debt to EBITDA | -1.63 | 1.13 | 3.45 | 0.59 | 0.61 |
| Profitability Margins | |||||
| Gross Profit Margin | 21.49% | 24.35% | 27.67% | 37.33% | 32.30% |
| EBIT Margin | 0.56% | 14.16% | -13.15% | 33.84% | 95.91% |
| EBITDA Margin | 34.60% | 47.61% | 25.48% | 54.70% | 121.44% |
| Operating Profit Margin | 15.28% | 18.30% | 23.71% | 32.66% | 27.92% |
| Pretax Profit Margin | -10.34% | 8.87% | -19.04% | 30.84% | 90.72% |
| Net Profit Margin | -40.77% | 5.62% | -8.60% | 29.62% | 86.37% |
| Continuous Operations Profit Margin | -18.70% | 5.62% | -8.60% | 29.62% | 86.37% |
| Net Income Per EBT | 394.34% | 63.38% | 45.17% | 96.04% | 95.21% |
| EBT Per EBIT | -67.66% | 48.46% | -80.32% | 94.42% | 324.88% |
| Return on Assets (ROA) | -18.05% | 3.05% | -3.13% | 16.76% | 33.38% |
| Return on Equity (ROE) | -25.27% | 5.67% | -6.10% | 28.23% | 72.97% |
| Return on Capital Employed (ROCE) | 7.50% | 10.72% | 9.32% | 19.60% | 11.60% |
| Return on Invested Capital (ROIC) | 7.49% | 6.78% | 4.20% | 18.81% | 11.04% |
| Return on Tangible Assets | -18.05% | 3.05% | -3.13% | 16.76% | 33.38% |
| Earnings Yield | -17.68% | 7.96% | -7.56% | 25.22% | 73.21% |
| Efficiency Ratios | |||||
| Receivables Turnover | 10.95 | 10.87 | 7.99 | 13.01 | 10.77 |
| Payables Turnover | 4.92 | 6.43 | 4.11 | 7.96 | 6.63 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 0.76 | 0.59 | 0.41 | 0.60 | 0.40 |
| Asset Turnover | 0.44 | 0.54 | 0.36 | 0.57 | 0.39 |
| Working Capital Turnover Ratio | 4.02 | -34.77 | -33.39 | -28.73 | -15.38 |
| Cash Conversion Cycle | -40.88 | -23.15 | -43.12 | -17.76 | -21.16 |
| Days of Sales Outstanding | 33.33 | 33.58 | 45.67 | 28.06 | 33.88 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 74.21 | 56.73 | 88.79 | 45.83 | 55.04 |
| Operating Cycle | 33.33 | 33.58 | 45.67 | 28.06 | 33.88 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 1.93 | 2.38 | 1.84 | 2.10 | 1.26 |
| Free Cash Flow Per Share | 0.32 | 0.74 | 0.34 | 1.16 | 0.70 |
| Dividend Paid and CapEx Coverage Ratio | 1.14 | 1.38 | 1.18 | 2.24 | 2.26 |
| Capital Expenditure Coverage Ratio | 1.20 | 1.45 | 1.23 | 2.24 | 2.26 |
| Operating Cash Flow Coverage Ratio | 12.59 | 0.84 | 0.53 | 1.25 | 0.51 |
| Operating Cash Flow to Sales Ratio | 1.00 | 0.45 | 0.48 | 0.41 | 0.38 |
| Free Cash Flow Yield | 7.22% | 19.98% | 7.76% | 19.13% | 18.00% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | -5.69 | 12.76 | -13.23 | 3.97 | 1.37 |
| Price-to-Sales (P/S) Ratio | 2.31 | 0.71 | 1.14 | 1.17 | 1.18 |
| Price-to-Book (P/B) Ratio | 1.43 | 0.71 | 0.81 | 1.12 | 1.00 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 13.85 | 5.01 | 12.89 | 5.23 | 5.56 |
| Price-to-Operating Cash Flow Ratio | 2.30 | 1.56 | 2.38 | 2.89 | 3.09 |
| Price-to-Earnings Growth (PEG) Ratio | 0.02 | -0.07 | 0.11 | -0.09 | -0.01 |
| Enterprise Value Multiple | 5.04 | 2.61 | 7.92 | 2.74 | 1.58 |
| Enterprise Value | 2.58B | 5.24B | 5.47B | 4.32B | 3.59B |
| EV to EBITDA | 5.04 | 2.61 | 7.92 | 2.74 | 1.58 |
| EV to Sales | 1.74 | 1.24 | 2.02 | 1.50 | 1.92 |
| EV to Free Cash Flow | 10.47 | 8.82 | 22.84 | 6.66 | 9.06 |
| EV to Operating Cash Flow | 1.74 | 2.74 | 4.22 | 3.69 | 5.04 |
| Tangible Book Value Per Share | 3.11 | 5.19 | 5.43 | 5.43 | 3.92 |
| Shareholders’ Equity Per Share | 3.11 | 5.19 | 5.43 | 5.43 | 3.92 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | -0.81 | 0.37 | 0.55 | 0.04 | 0.05 |
| Revenue Per Share | 1.93 | 5.24 | 3.85 | 5.18 | 3.31 |
| Net Income Per Share | -0.78 | 0.29 | -0.33 | 1.53 | 2.86 |
| Tax Burden | 3.94 | 0.63 | 0.45 | 0.96 | 0.95 |
| Interest Burden | -18.40 | 0.63 | 1.45 | 0.91 | 0.95 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.06 | 0.02 | 0.03 | 0.03 | 0.03 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Income Quality | -5.37 | 8.07 | -5.55 | 1.37 | 0.44 |
Currency in CAD