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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BTI's short term assets (£15.9B) do not cover its short term liabilities (£18.0B).
Long Term Liabilities: BTI's short term assets (£15.9B) do not cover its long term liabilities (£46.9B).
Debt to Equity History and Analysis
Debt Level: BTI's net debt to equity ratio (61%) is considered high.
Reducing Debt: BTI's debt to equity ratio has reduced from 76.7% to 73.2% over the past 5 years.
Debt Coverage: BTI's debt is well covered by operating cash flow (26.4%).
Interest Coverage: BTI's interest payments on its debt are well covered by EBIT (6.7x coverage).