British American Tobacco (British American Tobacco) Debt-to-Equity : 0.76 (As of Dec. 2023)

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What is British American Tobacco Debt-to-Equity?

British American Tobacco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,473 Mil. British American Tobacco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $44,818 Mil. British American Tobacco's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $66,539 Mil. British American Tobacco's debt to equity for the quarter that ended in Dec. 2023 was 0.76.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for British American Tobacco's Debt-to-Equity or its related term are showing as below:

BTI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 0.74 Max: 3.47
Current: 0.76

During the past 13 years, the highest Debt-to-Equity Ratio of British American Tobacco was 3.47. The lowest was 0.57. And the median was 0.74.

BTI's Debt-to-Equity is ranked worse than
75.68% of 37 companies
in the Tobacco Products industry
Industry Median: 0.28 vs BTI: 0.76

British American Tobacco Debt-to-Equity Historical Data

The historical data trend for British American Tobacco's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

British American Tobacco Debt-to-Equity Chart

British American Tobacco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.71

0.70

0.59

0.57

0.76

British American Tobacco Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.59	0.61	0.57	0.58	0.76

Competitive Comparison of British American Tobacco's Debt-to-Equity

For the Tobacco subindustry, British American Tobacco's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

British American Tobacco's Debt-to-Equity Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, British American Tobacco's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where British American Tobacco's Debt-to-Equity falls into.

British American Tobacco Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

British American Tobacco's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5473.418	+	44817.722)	/	66539.241
	=	0.76

British American Tobacco's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5473.418	+	44817.722)	/	66539.241
	=	0.76

British American Tobacco (NYSE:BTI) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

British American Tobacco Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of British American Tobacco's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

British American Tobacco (British American Tobacco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » British American Tobacco PLC (NYSE:BTI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BTI:South Africa BTAFF:USA BATSl:UK BATS:UK BMTA:Germany BMT:Germany BMT:Germany BMT:Germany BMTA:Germany BMT:Germany B1TI34:Brazil

Address

Globe House, 4 Temple Place, London, GBR, WC2R 2PG

Website

https://www.bat.com

Following the acquisition of Reynolds American, British American Tobacco is neck-and-neck with Philip Morris International to be the largest listed Global tobacco company--slightly larger than PMI on net revenue, but slightly smaller on total tobacco volume. British American's Global Drive Brands are Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans, and it also owns Newport and Camel in the U.S. The firm also sells vapor e-cigarettes, primarily its Vuse brand, heated tobacco, with Glo, as well Velo modern oral tobacco products. The company holds 29% of ITC Limited, the leading Indian cigarette-maker.