British American Tobacco p.l.c.

LSE:BATS Stock Report

Market Cap: UK£65.5b

British American Tobacco Balance Sheet Health

Financial Health criteria checks 3/6

British American Tobacco has a total shareholder equity of £54.5B and total debt of £39.8B, which brings its debt-to-equity ratio to 73.2%. Its total assets and total liabilities are £119.4B and £64.9B respectively. British American Tobacco's EBIT is £11.0B making its interest coverage ratio 6.7. It has cash and short-term investments of £6.6B.

Key information

73.2%

Debt to equity ratio

UK£39.85b

Debt

Interest coverage ratio6.7x
CashUK£6.63b
EquityUK£54.47b
Total liabilitiesUK£64.90b
Total assetsUK£119.37b

Recent financial health updates

Does British American Tobacco (LON:BATS) Have A Healthy Balance Sheet?

Sep 16
Does British American Tobacco (LON:BATS) Have A Healthy Balance Sheet?

British American Tobacco (LON:BATS) Has A Pretty Healthy Balance Sheet

May 30
British American Tobacco (LON:BATS) Has A Pretty Healthy Balance Sheet

Is British American Tobacco (LON:BATS) Using Debt In A Risky Way?

Feb 09
Is British American Tobacco (LON:BATS) Using Debt In A Risky Way?

Recent updates

British American Tobacco p.l.c. (LON:BATS) Not Lagging Industry On Growth Or Pricing

Dec 27
British American Tobacco p.l.c. (LON:BATS) Not Lagging Industry On Growth Or Pricing

British American Tobacco (LON:BATS) Shareholders Will Want The ROCE Trajectory To Continue

Oct 14
British American Tobacco (LON:BATS) Shareholders Will Want The ROCE Trajectory To Continue

British American Tobacco (LSE:BATS) Appoints New Chief Corporate Officer, Affirms Dividend Amid Growth

Sep 18
British American Tobacco (LSE:BATS) Appoints New Chief Corporate Officer, Affirms Dividend Amid Growth

Does British American Tobacco (LON:BATS) Have A Healthy Balance Sheet?

Sep 16
Does British American Tobacco (LON:BATS) Have A Healthy Balance Sheet?

Investors Holding Back On British American Tobacco p.l.c. (LON:BATS)

Aug 26
Investors Holding Back On British American Tobacco p.l.c. (LON:BATS)

The Return Trends At British American Tobacco (LON:BATS) Look Promising

Jun 20
The Return Trends At British American Tobacco (LON:BATS) Look Promising

British American Tobacco (LON:BATS) Has A Pretty Healthy Balance Sheet

May 30
British American Tobacco (LON:BATS) Has A Pretty Healthy Balance Sheet

Investors Still Waiting For A Pull Back In British American Tobacco p.l.c. (LON:BATS)

May 08
Investors Still Waiting For A Pull Back In British American Tobacco p.l.c. (LON:BATS)

British American Tobacco (LON:BATS) Is Looking To Continue Growing Its Returns On Capital

Mar 05
British American Tobacco (LON:BATS) Is Looking To Continue Growing Its Returns On Capital

British American Tobacco (LON:BATS) Is Paying Out A Larger Dividend Than Last Year

Feb 13
British American Tobacco (LON:BATS) Is Paying Out A Larger Dividend Than Last Year

Is British American Tobacco (LON:BATS) Using Debt In A Risky Way?

Feb 09
Is British American Tobacco (LON:BATS) Using Debt In A Risky Way?

Financial Position Analysis

Short Term Liabilities: BATS's short term assets (£15.9B) do not cover its short term liabilities (£18.0B).

Long Term Liabilities: BATS's short term assets (£15.9B) do not cover its long term liabilities (£46.9B).

Debt to Equity History and Analysis

Debt Level: BATS's net debt to equity ratio (61%) is considered high.

Reducing Debt: BATS's debt to equity ratio has reduced from 76.7% to 73.2% over the past 5 years.

Debt Coverage: BATS's debt is well covered by operating cash flow (26.4%).

Interest Coverage: BATS's interest payments on its debt are well covered by EBIT (6.7x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 07:13
End of Day Share Price 2025/01/03 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

British American Tobacco p.l.c. is covered by 47 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pierre-Yves GauthierAlphaValue
David ColemanArgus Research Company
Michael SteereAvior Capital Markets