British American Tobacco p.l.c annual debt-to-assets ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
British American Tobacco p.l.c Debt-to-Assets Ratio Growth & History (BATS)
British American Tobacco p.l.c's debt-to-assets ratio was 0.33 for fiscal 2025.
View full British American Tobacco p.l.c company overviewBritish American Tobacco p.l.c annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.33 | 0.01 | +3.18% |
| 2024 | 2024-12-31 | 0.32 | −0.02 | −6.84% |
| 2023 | 2023-12-31 | 0.34 | 0.05 | +19.18% |
| 2022 | 2022-12-31 | 0.28 | −0.01 | −2.61% |
| 2021 | 2021-12-31 | 0.29 | −0.03 | −9.55% |
| 2020 | 2020-12-31 | 0.32 | −0.00 | −0.94% |
| 2019 | 2019-12-31 | 0.33 | 0.00 | +0.34% |
| 2018 | 2018-12-31 | 0.32 | −0.03 | −7.37% |
| 2017 · Dec 31 | 2017-12-31 | 0.35 | −0.14 | −28.48% |
| 2016 | 2016-12-31 | 0.49 | — | — |
British American Tobacco p.l.c quarterly debt-to-assets ratio
Q2.17
Q4.17
Q4.18
Q2.19
Q4.19
Q2.20
Q4.20
Q2.21
Q4.21
Q2.22
Q4.22
Q2.23
Q4.23
Q4.24
Q2.25
Q4.25
Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.32 | 0.00 | +1.28% |
| Q4 2025 | 2025-12-31 | 0.33 | 0.01 | +3.18% |
| Q2 2025 | 2025-06-30 | 0.32 | — | — |
| Q4 2024 | 2024-12-31 | 0.32 | −0.02 | −6.84% |
| Q4 2023 | 2023-12-31 | 0.34 | 0.05 | +19.18% |
| Q2 2023 | 2023-06-30 | 0.29 | −0.01 | −2.30% |
| Q4 2022 | 2022-12-31 | 0.28 | −0.01 | −2.61% |
| Q2 2022 | 2022-06-30 | 0.30 | −0.03 | −10.07% |
| Q4 2021 | 2021-12-31 | 0.29 | −0.03 | −9.55% |
| Q2 2021 | 2021-06-30 | 0.33 | −0.00 | −0.59% |
| Q4 2020 | 2020-12-31 | 0.32 | −0.00 | −0.94% |
| Q2 2020 | 2020-06-30 | 0.33 | −0.01 | −2.66% |
| Q4 2019 | 2019-12-31 | 0.33 | 0.00 | +0.34% |
| Q2 2019 | 2019-06-30 | 0.34 | — | — |
| Q4 2018 | 2018-12-31 | 0.32 | −0.03 | −7.37% |
| Q4 2017 | 2017-12-31 | 0.35 | — | — |
| Q2 2017 | 2017-06-30 | 0.53 | — | — |
British American Tobacco p.l.c debt-to-assets ratio trends
Over the last five fiscal years, British American Tobacco p.l.c's debt-to-assets ratio increased from 0.32 to 0.33, a change of 0.00. The latest reported quarter, Q2 2026, shows 0.32.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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