British American Tobacco Balance Sheet Health
Financial Health criteria checks 2/6
British American Tobacco has a total shareholder equity of £52.9B and total debt of £39.4B, which brings its debt-to-equity ratio to 74.5%. Its total assets and total liabilities are £118.7B and £65.8B respectively. British American Tobacco's EBIT is £12.6B making its interest coverage ratio 7.6. It has cash and short-term investments of £5.3B.
Key information
74.5%
Debt to equity ratio
UK£39.42b
Debt
| Interest coverage ratio | 7.6x |
| Cash | UK£5.26b |
| Equity | UK£52.93b |
| Total liabilities | UK£65.78b |
| Total assets | UK£118.72b |
Recent financial health updates
No updates
Recent updates
British American Tobacco: The Dividend Yield Is Very Tempting At These Price Levels
Apr 12British American Tobacco: Yielding 9.63% Looks Like An Opportunity Rather Than A Value Trap
Apr 03British American Tobacco: Undervalued With Bearish Assumptions, 10% Dividend
Mar 21British American Tobacco: It's Still A Value Trap, But I'm Lifting My 'Sell' View
Mar 03British American Tobacco: The Worst May Have Already Been Priced In
Feb 19British American Tobacco: Demystifying The Stability Of 9% Dividend
Feb 11Complete Devastation, Massive Income With British American Tobacco
Jan 29Why I'm Avoiding 10%-Yielding British American Tobacco Stock
Jan 17British American Tobacco: No Growth, No Problem - 33% Upside
Dec 17British American Tobacco: What To Make Of The £25 Billion Bombshell
Dec 06British American Tobacco Vs. Altria: Which Is The Better Dividend Choice?
Nov 30British American Tobacco: A Great Play In The Tobacco Space
Nov 14British American Tobacco: Priced For Decline But I Think It Will Grow
Oct 02British American Tobacco: Get An 8.4% Yield Plus An Upside Catalyst
Sep 24The Long Thesis On British American Tobacco Amid The Current Tobacco Industry Backdrop
Aug 27Buy Like Buffett: British American's 9.3% Yield Is The Highest In 23 Years
Aug 188.6%-Yielding British American Tobacco: As Good As It Gets
Aug 08British American Tobacco: Free Cash Flow In Focus Ahead Of H1 Earnings, Compelling Valuation
Jul 14Is British American Tobacco A Dividend Stock To Buy, Sell, Or Hold?
Jul 07British American Tobacco Vs. Philip Morris: One Seems More Undervalued
Jun 14British American Tobacco: Buy The Blood Bath - 8.79% Income Yield
Jun 04British American Tobacco: Unwarranted Fear
May 23Organigram CEO Beena Goldenberg - Expanding Beyond Canada (Transcript)
Feb 22British American Tobacco: Best Time In 20 Years To Buy This 7.4%-Yielding Aristocrat
Feb 16British American Tobacco Non-GAAP EPS of 371.40p, revenue of £27.66B; initiates FY23 guidance
Feb 09British American Tobacco Keeps Delivering Profits But Risks Cannot Be Ignored
Jan 19British American Tobacco: Huge Opportunities In New Products
Jan 10British American Tobacco: Cheap Enough To Take On A Recession
Jan 02British American Tobacco goes ex-dividend tomorrow
Dec 21British American Tobacco expects FY2022 sales growth in the range of 2% to 4%
Dec 08British American Tobacco: 7.25% Dividend Stock With Solid Cash Flow
Oct 27Altria And British American Tobacco: Take The Dividends, Stay Out Of The Fed's Way
Sep 27British American Tobacco: Offering 7% Yield Thanks To The Recent Pullback
Sep 21British American Tobacco: Headwinds Gathering Since H1, But Cheap With 6%+ Dividend Yield
Sep 12Altria And British American Tobacco: Buffett 10x EBT Rule Reveals 14% Equity Bond Like Yield
Aug 19British American Tobacco Should Opportunistically Suspend Its Dividend
Aug 12British American Tobacco: Our Top July Pick
Jul 20Altria, British American Tobacco, And Ray Dalio Positions
Jul 11Financial Position Analysis
Short Term Liabilities: BTI's short term assets (£14.2B) do not cover its short term liabilities (£15.7B).
Long Term Liabilities: BTI's short term assets (£14.2B) do not cover its long term liabilities (£50.1B).
Debt to Equity History and Analysis
Debt Level: BTI's net debt to equity ratio (64.5%) is considered high.
Reducing Debt: BTI's debt to equity ratio has increased from 72.3% to 74.5% over the past 5 years.
Debt Coverage: BTI's debt is well covered by operating cash flow (27.2%).
Interest Coverage: BTI's interest payments on its debt are well covered by EBIT (7.6x coverage).