Baytex Energy Corp. (BTE) Balance Sheet

NYSE: BTEAssets, liabilities, debt and equity over 10 years.

BTE balance sheet, 2025

December 31, 2025 · Canadian dollars

C$3.35B assets = C$956.4M liabilities + C$2.39B equity

What it ownsC$3.35BCash & ST investments: C$953.1M (28.5%)Cash & ST investmentsC$953.1M · 28%Receivables: C$135.2M (4.0%)Other current: C$102.0M (3.0%)PP&E: C$2.08B (62.2%)PP&EC$2.08B · 62%Other non-current: C$74.6M (2.2%)=How it is financedC$3.35BCurrent liabilities: C$330.2M (9.9%)C$330.2MLong-term debt: C$95.0M (2.8%)Other LT liabilities: C$531.2M (15.9%)Other LT liabilitiesC$531.2M · 16%Shareholders’ equity: C$2.39B (71.4%)Shareholders’ equityC$2.39B · 71%

Both columns are drawn to the same scale: what BTE owns equals what it owes plus shareholders’ equity. Hover a block for its value.

BTE financial health

Current ratio3.61
Comfortable · current assets cover current liabilities 3.61×
Debt / equity0.05
Low leverage · C$0.05 of debt for each $1 of equity
Equity / assets71.4%
Equity-funded · of assets funded by shareholders
Cash / debt807.8%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

BTE balance sheet trends, 2016–2025

MetricTrendThenLatestChange
Total assetsC$4.59B2016C$3.35B2025−3.5%/yr
Total liabilitiesC$2.62B2016C$956.4M2025−10.6%/yr
Shareholders’ equityC$1.98B2016C$2.39B2025+2.1%/yr
Cash & short-term investmentsC$2.7M2016C$953.1M2025+91.9%/yr
Total debtC$1.76B2016C$118.0M2025−26.0%/yr
Net cash (debt)−C$1.76B2016C$835.1M2025+C$2.6B
Working capital−C$33.9M2016C$860.2M2025+C$894.1M
Current ratio0.7820163.612025+2.83
Debt / equity0.8920160.052025−0.84
Shares outstanding212.3M2016769.2M2025+15.4%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

BTE assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

BTE liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

BTE debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

BTE balance sheet in Canadian dollars

2025202420232022202120202019201820172016
Assets
Cash & short-term investmentsC$953.1MC$16.6MC$55.8MC$5.5M−C$7.8M−C$11.1MC$5.6MC$79.6MC$18.5MC$2.7M
Cash & equivalentsC$953.1MC$16.6MC$55.8MC$5.5M−C$7.8M−C$11.1MC$5.6MC$0C$0C$2.7M
Short-term investments——————C$0C$79.6MC$18.5MC$2.2M
ReceivablesC$135.2MC$387.3MC$338.4MC$200.9MC$173.4MC$107.5MC$173.8MC$111.6MC$112.8MC$112.2M
InventoryC$0C$0C$23.3MC$0C$7.8MC$11.1MC$1−C$79.6M−C$18.5MC$1
Other current assetsC$102.0MC$45.8MC$22.5MC$37.7MC$8.7MC$5.1MC$5.4MC$79.6MC$18.5MC$2.2M
Total current assetsC$1.19BC$449.6MC$440.0MC$244.1MC$182.1MC$112.5MC$184.8MC$191.1MC$131.4MC$117.1M
Property, plant & equipment (net)C$2.08BC$7.08BC$6.75BC$4.80BC$4.65BC$3.29BC$5.73BC$6.19BC$4.24BC$4.48B
Goodwill & intangible assetsC$0C$0C$0C$0C$0C$0C$0C$0C$0C$0
Long-term investmentsC$0C$0C$0C$0C$0C$0C$0C$0C$0C$0
Other non-current assetsC$74.6MC$234.5MC$274.9MC$57.2MC$0C$7.1MC$0C$0C$0C$0
Total assetsC$3.35BC$7.76BC$7.46BC$5.10BC$4.83BC$3.41BC$5.91BC$6.38BC$4.37BC$4.59B
Liabilities
Accounts payableC$236.4MC$512.5MC$477.3MC$227.3MC$190.7MC$156.0MC$207.5MC$258.1MC$144.5MC$113.0M
Short-term debtC$7.2MC$9.2MC$13.4MC$3.5MC$5.9MC$8.6MC$5.8MC$2.0MC$2.6MC$9.5M
Deferred revenue————C$11.1MC$11.8MC$11.6MC$2.0MC$2.6MC$9.5M
Total current liabilitiesC$330.2MC$573.7MC$558.0MC$288.5MC$338.7MC$198.9MC$233.5MC$260.1MC$197.2MC$151.0M
Long-term debtC$95.0MC$2.26BC$2.41BC$930.6MC$1.38BC$1.78BC$1.84BC$3.1MC$1.69BC$1.75B
Lease obligationsC$23.0MC$24.7MC$29.4MC$6.5MC$7.8MC$11.1MC$13.9MC$0C$0C$0
Other long-term liabilitiesC$531.2MC$757.8MC$666.7MC$854.2MC$904.9MC$848.9MC$891.7MC$3.06BC$573.7MC$710.0M
Total liabilitiesC$956.4MC$3.59BC$3.64BC$2.07BC$2.62BC$2.83BC$2.97BC$3.32BC$2.46BC$2.62B
Shareholders' equity
Common stock & paid-in capitalC$6.07BC$6.14BC$6.53BC$5.50BC$5.74BC$5.73BC$5.72BC$5.70BC$4.44BC$4.42B
Retained earnings (deficit)−C$4.09B−C$3.42B−C$3.59B−C$3.32B−C$4.17B−C$5.78B−C$3.35B−C$3.33B−C$3.01B−C$3.09B
Treasury stock——————C$0C$0C$0C$0
Accumulated other comprehensive incomeC$13.4MC$1.09BC$690.9MC$756.2MC$632.1MC$619.0MC$556.2MC$667.9MC$463.1MC$629.9M
Minority interest——————C$0C$0C$0C$0
Total shareholders' equityC$2.39BC$4.17BC$3.83BC$3.03BC$2.21BC$578.2MC$2.95BC$3.06BC$1.91BC$1.98B
Key figures
Total debtC$118.0MC$2.28BC$2.44BC$937.2MC$1.39BC$1.79BC$1.85BC$2.10BC$1.69BC$1.76B
Net cash (debt)C$835.1M−C$2.27B−C$2.38B−C$931.7M−C$1.40B−C$1.80B−C$1.84B−C$2.02B−C$1.67B−C$1.76B
Working capitalC$860.2M−C$124.1M−C$118.0M−C$44.5M−C$156.7M−C$86.3M−C$48.7M−C$69.0M−C$65.9M−C$33.9M
Tangible book valueC$2.39BC$4.17BC$3.83BC$3.03BC$2.21BC$578.2MC$2.95BC$3.06BC$1.91BC$1.98B
Shares outstanding769.2M800.2M704.9M563.8M571.6M560.7M557.0M351.5M237.2M212.3M
Current ratio3.610.780.790.850.540.570.790.730.670.78
Quick ratio3.300.700.710.720.490.480.770.730.670.76
Debt / equity0.050.550.640.310.633.100.630.690.880.89
Equity / assets71.4%53.8%51.3%59.4%45.7%17.0%49.8%47.9%43.8%43.1%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed March 5, 2026); data from EODHD.

BTE financial position

At the end of fiscal 2025 (December 31, 2025), Baytex Energy had total assets of C$3.3 billion (down 56.9% from a year earlier), total liabilities of C$956.4 million and shareholders' equity of C$2.4 billion. It held C$953.1 million in cash and short-term investments against C$118.0 million of debt, a net cash position of C$835.1 million. Its current ratio was 3.61. In the latest quarter (ended June 30, 2026) total assets were C$3.2 billion and equity C$2.2 billion.

Related: BTE income statement, BTE cash flow statement, BTE key metrics. See the BTE stock overview for the latest quote and news.

BTE balance sheet FAQ

What are Baytex Energy's total assets?

Baytex Energy reported total assets of C$3.3 billion at the end of fiscal 2025 (December 31, 2025), compared with C$7.8 billion a year earlier.

How much debt does Baytex Energy have?

Baytex Energy had C$118.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.05.

How much cash does Baytex Energy have?

Baytex Energy held C$953.1 million in cash and short-term investments at the end of fiscal 2025; with C$118.0 million of debt that is net cash of C$835.1 million.

What is Baytex Energy's book value?

Baytex Energy's shareholders' equity (book value) was C$2.4 billion at the end of fiscal 2025.

What is Baytex Energy's current ratio?

Baytex Energy had current assets of C$1.2 billion and current liabilities of C$330.2 million, a current ratio of 3.61 (it can cover its short-term obligations).

Oil & Gas E&P: balance sheet