Baytex Cash vs Non Current Liabilities Total Analysis

BTE Stock

CAD 3.37 0.02 0.59%

Baytex Energy financial indicator trend analysis is way more than just evaluating Baytex Energy Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Baytex Energy Corp is a good investment. Please check the relationship between Baytex Energy Cash and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baytex Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cash vs Non Current Liabilities Total

Cash vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Baytex Energy Corp Cash account and Non Current Liabilities Total. At this time, the significance of the direction appears to have very week relationship.

The correlation between Baytex Energy's Cash and Non Current Liabilities Total is 0.2. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Baytex Energy Corp, assuming nothing else is changed. The correlation between historical values of Baytex Energy's Cash and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Baytex Energy Corp are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Cash i.e., Baytex Energy's Cash and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.2

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Cash

Cash refers to the most liquid asset of Baytex Energy Corp, which is listed under current asset account on Baytex Energy Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Baytex Energy customers. The amounts must be unrestricted with restricted cash listed in a different Baytex Energy account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Non Current Liabilities Total

Most indicators from Baytex Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Baytex Energy Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baytex Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Baytex Energy's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 17th of December 2024, Enterprise Value Multiple is likely to grow to 9.41, while Selling General Administrative is likely to drop about 45.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	92.1M	80.4M	171.8M	180.4M
Depreciation And Amortization	477.0M	602.7M	1.0B	1.1B

Interest Expense Depreciation And Amortization

Baytex Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Cash	Cash And Short Term Investments	Other Current Assets	Inventory	Intangible Assets	Good Will
Total Assets		0.91	-0.03	0.79	0.95	1.0	0.48	0.91	-0.55	0.85	1.0	0.36	0.68	0.69	0.92	-0.17	0.94	0.79	0.73	0.02	0.44	0.5	0.26	-0.2	-0.56	0.85
Short Long Term Debt Total	0.91		-0.13	0.66	0.76	0.92	0.3	1.0	-0.67	0.75	0.92	0.35	0.52	0.63	0.98	-0.23	0.98	0.61	0.57	0.11	0.35	0.44	0.21	-0.22	-0.52	0.89
Other Current Liab	-0.03	-0.13		0.35	0.0	-0.06	0.32	-0.14	0.07	0.02	-0.05	-0.32	0.41	0.08	-0.11	0.72	-0.05	0.2	0.28	-0.01	0.0	-0.24	-0.12	0.32	-0.04	-0.15
Total Current Liabilities	0.79	0.66	0.35		0.77	0.73	0.61	0.64	-0.24	0.94	0.76	-0.05	0.92	0.6	0.63	0.14	0.71	0.8	0.97	-0.07	0.66	0.44	0.35	0.12	-0.73	0.49
Total Stockholder Equity	0.95	0.76	0.0	0.77		0.94	0.52	0.75	-0.4	0.82	0.94	0.35	0.74	0.68	0.75	-0.1	0.79	0.85	0.74	-0.1	0.56	0.57	0.18	-0.19	-0.6	0.72
Property Plant And Equipment Net	1.0	0.92	-0.06	0.73	0.94		0.45	0.92	-0.59	0.8	1.0	0.41	0.62	0.69	0.93	-0.21	0.94	0.76	0.66	0.02	0.38	0.48	0.23	-0.25	-0.5	0.87
Current Deferred Revenue	0.48	0.3	0.32	0.61	0.52	0.45		0.29	-0.4	0.53	0.47	-0.21	0.72	0.67	0.34	0.1	0.39	0.67	0.59	-0.23	0.34	-0.11	-0.1	0.55	-0.4	0.37
Net Debt	0.91	1.0	-0.14	0.64	0.75	0.92	0.29		-0.67	0.73	0.92	0.36	0.5	0.63	0.98	-0.24	0.98	0.6	0.56	0.12	0.33	0.43	0.21	-0.23	-0.5	0.89
Retained Earnings	-0.55	-0.67	0.07	-0.24	-0.4	-0.59	-0.4	-0.67		-0.27	-0.58	-0.29	-0.21	-0.8	-0.69	0.32	-0.65	-0.52	-0.06	0.27	0.04	-0.07	0.32	0.05	0.21	-0.81
Accounts Payable	0.85	0.75	0.02	0.94	0.82	0.8	0.53	0.73	-0.27		0.83	0.05	0.82	0.58	0.72	-0.11	0.78	0.77	0.93	-0.04	0.68	0.53	0.46	0.01	-0.73	0.57
Non Current Assets Total	1.0	0.92	-0.05	0.76	0.94	1.0	0.47	0.92	-0.58	0.83		0.39	0.66	0.7	0.93	-0.19	0.94	0.78	0.7	0.01	0.42	0.49	0.24	-0.22	-0.54	0.87
Non Currrent Assets Other	0.36	0.35	-0.32	-0.05	0.35	0.41	-0.21	0.36	-0.29	0.05	0.39		-0.09	0.26	0.38	-0.11	0.34	0.05	-0.08	-0.32	-0.05	0.44	-0.01	-0.66	0.09	0.32
Net Receivables	0.68	0.52	0.41	0.92	0.74	0.62	0.72	0.5	-0.21	0.82	0.66	-0.09		0.65	0.46	0.3	0.55	0.8	0.9	-0.22	0.73	0.4	0.04	0.24	-0.77	0.37
Common Stock Shares Outstanding	0.69	0.63	0.08	0.6	0.68	0.69	0.67	0.63	-0.8	0.58	0.7	0.26	0.65		0.61	-0.14	0.63	0.85	0.45	-0.57	0.43	0.31	-0.29	0.13	-0.6	0.72
Non Current Liabilities Total	0.92	0.98	-0.11	0.63	0.75	0.93	0.34	0.98	-0.69	0.72	0.93	0.38	0.46	0.61		-0.27	0.99	0.58	0.56	0.15	0.2	0.33	0.29	-0.23	-0.39	0.9
Other Stockholder Equity	-0.17	-0.23	0.72	0.14	-0.1	-0.21	0.1	-0.24	0.32	-0.11	-0.19	-0.11	0.3	-0.14	-0.27		-0.23	-0.08	0.16	-0.05	0.15	0.03	-0.19	0.1	-0.11	-0.38
Total Liab	0.94	0.98	-0.05	0.71	0.79	0.94	0.39	0.98	-0.65	0.78	0.94	0.34	0.55	0.63	0.99	-0.23		0.64	0.64	0.13	0.27	0.36	0.31	-0.19	-0.45	0.89
Property Plant And Equipment Gross	0.79	0.61	0.2	0.8	0.85	0.76	0.67	0.6	-0.52	0.77	0.78	0.05	0.8	0.85	0.58	-0.08	0.64		0.69	-0.35	0.63	0.44	-0.02	0.13	-0.73	0.68
Total Current Assets	0.73	0.57	0.28	0.97	0.74	0.66	0.59	0.56	-0.06	0.93	0.7	-0.08	0.9	0.45	0.56	0.16	0.64	0.69		0.02	0.68	0.43	0.47	0.12	-0.68	0.38
Short Term Debt	0.02	0.11	-0.01	-0.07	-0.1	0.02	-0.23	0.12	0.27	-0.04	0.01	-0.32	-0.22	-0.57	0.15	-0.05	0.13	-0.35	0.02		-0.31	-0.33	0.47	0.01	0.29	0.04
Cash	0.44	0.35	0.0	0.66	0.56	0.38	0.34	0.33	0.04	0.68	0.42	-0.05	0.73	0.43	0.2	0.15	0.27	0.63	0.68	-0.31		0.69	0.03	0.13	-0.89	0.15
Cash And Short Term Investments	0.5	0.44	-0.24	0.44	0.57	0.48	-0.11	0.43	-0.07	0.53	0.49	0.44	0.4	0.31	0.33	0.03	0.36	0.44	0.43	-0.33	0.69		0.1	-0.62	-0.59	0.24
Other Current Assets	0.26	0.21	-0.12	0.35	0.18	0.23	-0.1	0.21	0.32	0.46	0.24	-0.01	0.04	-0.29	0.29	-0.19	0.31	-0.02	0.47	0.47	0.03	0.1		-0.16	0.03	0.09
Inventory	-0.2	-0.22	0.32	0.12	-0.19	-0.25	0.55	-0.23	0.05	0.01	-0.22	-0.66	0.24	0.13	-0.23	0.1	-0.19	0.13	0.12	0.01	0.13	-0.62	-0.16		-0.18	-0.12
Intangible Assets	-0.56	-0.52	-0.04	-0.73	-0.6	-0.5	-0.4	-0.5	0.21	-0.73	-0.54	0.09	-0.77	-0.6	-0.39	-0.11	-0.45	-0.73	-0.68	0.29	-0.89	-0.59	0.03	-0.18		-0.37
Good Will	0.85	0.89	-0.15	0.49	0.72	0.87	0.37	0.89	-0.81	0.57	0.87	0.32	0.37	0.72	0.9	-0.38	0.89	0.68	0.38	0.04	0.15	0.24	0.09	-0.12	-0.37

Click cells to compare fundamentals

Baytex Energy Account Relationship Matchups

Baytex Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.9B	3.4B	4.8B	5.1B	7.5B	7.8B
Short Long Term Debt Total	1.8B	1.8B	1.4B	937.2M	2.4B	2.6B
Other Current Liab	20.2M	38.6M	145.1M	57.7M	67.3M	58.7M
Total Current Liabilities	233.5M	198.9M	338.7M	288.5M	558.0M	585.9M
Total Stockholder Equity	2.9B	578.2M	2.2B	3.0B	3.8B	4.0B
Property Plant And Equipment Net	5.7B	3.3B	4.7B	4.8B	6.7B	7.0B
Current Deferred Revenue	11.6M	11.8M	11.1M	18.4M	16.5M	14.1M
Net Debt	1.8B	1.8B	1.4B	931.7M	2.4B	2.5B
Retained Earnings	(3.3B)	(5.8B)	(4.2B)	(3.3B)	(3.6B)	(3.4B)
Accounts Payable	207.5M	156.0M	190.7M	227.3M	477.3M	501.2M
Non Current Assets Total	5.7B	3.3B	4.7B	4.9B	7.0B	7.4B
Net Receivables	173.8M	107.5M	173.4M	200.9M	339.4M	356.4M
Common Stock Shares Outstanding	557.0M	560.7M	571.6M	563.8M	704.9M	740.1M
Liabilities And Stockholders Equity	5.9B	3.4B	4.8B	5.1B	7.5B	7.8B
Non Current Liabilities Total	2.7B	2.6B	2.3B	1.8B	3.1B	3.2B
Other Stockholder Equity	17.7M	14.3M	13.6M	89.9M	193.1M	366.1M
Total Liab	3.0B	2.8B	2.6B	2.1B	3.6B	3.8B
Property Plant And Equipment Gross	5.7B	3.3B	11.8B	12.2B	15.7B	16.4B
Total Current Assets	184.8M	112.5M	182.1M	244.1M	440.0M	462.0M
Accumulated Other Comprehensive Income	556.2M	619.0M	632.1M	756.2M	690.9M	725.5M
Short Term Debt	5.8M	4.3M	2.9M	3.5M	13.4M	12.7M
Cash And Short Term Investments	5.6M	(11.1M)	(7.8M)	5.5M	55.8M	58.6M
Other Current Assets	5.4M	5.1M	8.7M	37.7M	44.8M	44.9M
Other Liab	891.7M	842.2M	900.1M	851.2M	978.9M	839.3M
Net Tangible Assets	2.9B	578.2M	2.2B	3.0B	3.5B	2.3B
Long Term Debt	1.8B	1.8B	1.4B	930.6M	2.4B	1.7B
Common Stock	5.7B	5.7B	5.7B	5.5B	6.5B	4.8B
Property Plant Equipment	5.7B	3.3B	4.7B	4.8B	5.5B	4.8B
Common Stock Total Equity	4.4B	5.7B	5.7B	5.7B	6.6B	4.6B
Long Term Debt Total	1.8B	1.8B	1.4B	933.6M	840.3M	1.3B
Capital Surpluse	17.7M	14.3M	13.6M	89.9M	103.4M	108.5M

Pair Trading with Baytex Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Baytex Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Baytex Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Baytex Stock

0.63	ENB-PFC	Enbridge Pref 11	Pair Corr
0.59	ENS	E Split Corp	Pair Corr
0.58	BUI	Buhler Industries	Pair Corr
0.52	ENS-PA	E Split Corp	Pair Corr
0.42	ENB-PFV	Enbridge Pref 5	Pair Corr

The ability to find closely correlated positions to Baytex Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baytex Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Baytex Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Baytex Energy Corp to buy it.

The correlation of Baytex Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Baytex Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baytex Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Baytex Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Baytex Energy Corp is a strong investment it is important to analyze Baytex Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Baytex Energy's future performance. For an informed investment choice regarding Baytex Stock, refer to the following important reports:

How To Invest In Baytex

Details

Is Baytex Stock a good investment?

Details

What is Baytex Energy's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baytex Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Please note, there is a significant difference between Baytex Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Baytex Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baytex Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Baytex Cash vs Non Current Liabilities Total Analysis

Cash vs Non Current Liabilities Total

Cash vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Cash

Non Current Liabilities Total

Baytex Energy fundamental ratios Correlations

Baytex Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Baytex Energy fundamental ratios Accounts

Pair Trading with Baytex Energy

Moving against Baytex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total

Intangible Assets	- 0.89	Cash
Good Will	- 0.81	Retained Earnings
Common Stock Shares Outstanding	- 0.8	Retained Earnings
Intangible Assets	- 0.77	Net Receivables
Intangible Assets	- 0.73	Property Plant And Equipment Gross
Intangible Assets	- 0.73	Accounts Payable