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 ratio | 6.7x |
| Cash | UK£6.63b |
| Equity | UK£54.47b |
| Total liabilities | UK£64.90b |
| Total assets | UK£119.37b |
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 30Is British American Tobacco (LON:BATS) Using Debt In A Risky Way?
Feb 09These 4 Measures Indicate That British American Tobacco (LON:BATS) Is Using Debt Reasonably Well
Sep 12Is British American Tobacco (LON:BATS) Using Too Much Debt?
Apr 04Recent updates
Does 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 08British American Tobacco (LON:BATS) Is Looking To Continue Growing Its Returns On Capital
Mar 05British American Tobacco (LON:BATS) Is Paying Out A Larger Dividend Than Last Year
Feb 13Is British American Tobacco (LON:BATS) Using Debt In A Risky Way?
Feb 09The Return Trends At British American Tobacco (LON:BATS) Look Promising
Nov 06These 4 Measures Indicate That British American Tobacco (LON:BATS) Is Using Debt Reasonably Well
Sep 12Returns On Capital Are Showing Encouraging Signs At British American Tobacco (LON:BATS)
Jul 27British American Tobacco's (LON:BATS) Dividend Will Be Increased To £0.5772
Jul 03British American Tobacco (LON:BATS) Is Increasing Its Dividend To £0.5772
Jun 10British American Tobacco (LON:BATS) Will Pay A Larger Dividend Than Last Year At £0.5772
May 22British American Tobacco's (LON:BATS) Dividend Will Be Increased To £0.5772
May 08Is British American Tobacco (LON:BATS) Using Too Much Debt?
Apr 04British American Tobacco (LON:BATS) Will Pay A Larger Dividend Than Last Year At £0.5772
Feb 12British American Tobacco (LON:BATS) May Have Issues Allocating Its Capital
Feb 07Financial 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).