As of June 12, 2025, Baytex Energy Corp (BTE.TO) reports a Current Ratio of 0.78.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Baytex Energy Corp's Current Ratio
Over recent years, Baytex Energy Corp's Current Ratio has shown a moderate pattern. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 0.78 |
| 2023-12-31 | 0.79 |
| 2022-12-31 | 0.85 |
| 2021-12-31 | 0.54 |
| 2020-12-31 | 0.57 |
This slight downward trend highlights how Baytex Energy Corp manages its short-term assets and liabilities over time.
Comparing Baytex Energy Corp's Current Ratio to Peers
To better understand Baytex Energy Corp's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Baytex Energy Corp (BTE.TO) | 0.78 |
| Devin Energy Corp (DVC.H.V) | 17.29 |
| Eagle Exploration Co (EGXP) | 3.77 |
| Birchcliff Energy Ltd (BIR.TO) | 2.11 |
| Kingsland Energy Corp (KLE.H.V) | 1.79 |
| Deloro Resources Ltd (DLL.H.V) | 1.67 |
Compared to its competitors, Baytex Energy Corp's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.