Baytex Income Tax Expense vs Selling General Administrative Analysis
| BTE Stock | USD 3.02 0.02 0.67% |
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 Income Tax Expense and its Selling General Administrative 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 estimate.
Income Tax Expense vs Selling General Administrative
Income Tax Expense vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Baytex Energy Corp Income Tax Expense account and Selling General Administrative. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Baytex Energy's Income Tax Expense and Selling General Administrative is 0.15. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Selling General Administrative 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 Income Tax Expense and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Baytex Energy Corp are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Income Tax Expense i.e., Baytex Energy's Income Tax Expense and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.15 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Income Tax Expense
Selling General Administrative
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 estimate. At present, Baytex Energy's Enterprise Value Multiple is projected to drop based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 5.8 B, whereas Tax Provision is forecasted to decline to (73.6 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 |
Baytex Energy fundamental ratios Correlations
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Baytex Energy Account Relationship Matchups
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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 | 8.7M | 6.4M | 117.1M | 57.7M | 67.3M | 70.7M | |
| 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 | 7.1B | |
| 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 | 338.4M | 355.3M | |
| 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 | 357.7M | |
| Total Liab | 3.0B | 2.8B | 2.6B | 2.1B | 3.6B | 3.8B | |
| 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 | 8.6M | 5.9M | 3.5M | 13.4M | 12.7M | |
| Cash | 5.6M | (11.1M) | (7.8M) | 5.5M | 55.8M | 58.6M | |
| 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 | 45.8M | 39.0M | |
| Other Liab | 891.7M | 842.2M | 900.1M | 851.2M | 978.9M | 1.0B | |
| Net Tangible Assets | 2.9B | 578.2M | 2.2B | 3.0B | 3.5B | 3.7B | |
| Long Term Debt | 1.8B | 1.8B | 1.4B | 930.6M | 2.4B | 2.5B | |
| Common Stock | 5.7B | 5.7B | 5.7B | 5.5B | 6.5B | 6.9B | |
| Property Plant Equipment | 5.7B | 3.3B | 4.7B | 4.8B | 5.5B | 2.8B | |
| Current Deferred Revenue | 2.0M | 11.6M | 11.8M | 11.1M | 10.0M | 17.8M | |
| Capital Lease Obligations | 13.9M | 11.1M | 7.8M | 6.5M | 29.4M | 30.9M | |
| Property Plant And Equipment Gross | 11.5B | 11.6B | 11.8B | 12.2B | 15.7B | 16.4B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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: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 estimate. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Baytex Energy. If investors know Baytex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Baytex Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.544 | Dividend Share 0.09 | Earnings Share (0.41) | Revenue Per Share 4.112 | Quarterly Revenue Growth (0.08) |
The market value of Baytex Energy Corp is measured differently than its book value, which is the value of Baytex that is recorded on the company's balance sheet. Investors also form their own opinion of Baytex Energy's value that differs from its market value or its book value, called intrinsic value, which is Baytex Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Baytex Energy's market value can be influenced by many factors that don't directly affect Baytex Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.