Debt RatiosCheck out the investor presentation from mid January, 2016. Baytex has a total credit capacity of 2.6 billion of which they have used approximately 1.9 as of the end of 2015. Their first major debt repayment of 737 million is due in 2021. So far so good. What caught my attention was the line stating senior debt ratios estimated at 3.0 times as of the end of last year. Ratios are only permitted to run as high as 5.25 times to the end of 2017. What are the chances they stay be.ow this in this environment. Seems that 2021 is a red herring at this point and it's all about the debt ratio.