British American Tobacco Balance Sheet Health
Financial Health criteria checks 2/6
British American Tobacco has a total shareholder equity of £50.0B and total debt of £36.4B, which brings its debt-to-equity ratio to 72.7%. Its total assets and total liabilities are £118.9B and £68.9B respectively. British American Tobacco's EBIT is £9.8B making its interest coverage ratio 6.4. It has cash and short-term investments of £5.8B.
Key information
72.7%
Debt to equity ratio
UK£36.37b
Debt
| Interest coverage ratio | 6.4x |
| Cash | UK£5.81b |
| Equity | UK£50.00b |
| Total liabilities | UK£68.90b |
| Total assets | UK£118.90b |
Recent financial health updates
Does British American Tobacco (LON:BATS) Have A Healthy Balance Sheet?
Sep 16
British American Tobacco (LON:BATS) Has A Pretty Healthy Balance Sheet
May 30Recent updates
This Is Why British American Tobacco p.l.c.'s (LON:BATS) CEO Compensation Looks Appropriate
Apr 09Are Investors Undervaluing British American Tobacco p.l.c. (LON:BATS) By 46%?
Mar 03
Investments In Glo Hyper Pro And Velo+ Will Strengthen Future Portfolio
Feb 23 New Categories expansion and investments in innovation aim to drive future revenue growth and diversify the company's portfolio.British American Tobacco's (LON:BATS) Returns On Capital Are Heading Higher
Feb 06British American Tobacco p.l.c. (LON:BATS) Not Lagging Industry On Growth Or Pricing
Dec 27British American Tobacco (LON:BATS) Shareholders Will Want The ROCE Trajectory To Continue
Oct 14
British American Tobacco: Navigating a Complex Transition That Warrants a High Fair Value
Sep 25Three Years Into The Future : GPB 45.77British American Tobacco (LSE:BATS) Appoints New Chief Corporate Officer, Affirms Dividend Amid Growth
Sep 18Does British American Tobacco (LON:BATS) Have A Healthy Balance Sheet?
Sep 16Investors Holding Back On British American Tobacco p.l.c. (LON:BATS)
Aug 26The Return Trends At British American Tobacco (LON:BATS) Look Promising
Jun 20British American Tobacco (LON:BATS) Has A Pretty Healthy Balance Sheet
May 30Investors Still Waiting For A Pull Back In British American Tobacco p.l.c. (LON:BATS)
May 08Financial Position Analysis
Short Term Liabilities: BATS's short term assets (£14.3B) do not cover its short term liabilities (£18.7B).
Long Term Liabilities: BATS's short term assets (£14.3B) do not cover its long term liabilities (£50.2B).
Debt to Equity History and Analysis
Debt Level: BATS's net debt to equity ratio (61.1%) is considered high.
Reducing Debt: BATS's debt to equity ratio has increased from 69.8% to 72.7% over the past 5 years.
Debt Coverage: BATS's debt is well covered by operating cash flow (27.8%).
Interest Coverage: BATS's interest payments on its debt are well covered by EBIT (6.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/17 21:11 |
| End of Day Share Price | 2025/04/17 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 Github.
Analyst Sources
British American Tobacco p.l.c. is covered by 42 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.
| Analyst | Institution |
|---|---|
| David Coleman | Argus Research Company |
| Michael Steere | Avior Capital Markets |
| Ishan Majumdar | Baptista Research |