British & American Investment Trust (LSE:BAF) Debt-to-Equity: 0.29 (As of Dec. 2025) — 32% Above Median

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What is British & American Investment Trust Debt-to-Equity?

British & American Investment Trust LSE:BAF Debt-to-Equity is 0.29 as of Dec. 2025, which is 32% above its 10-year median of 0.22. Among 961 Asset Management companies, British & American Investment Trust ranks worse than 57.13% on this metric.

British & American Investment Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was £0.00 Mil. British & American Investment Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was £0.66 Mil. British & American Investment Trust's Total Stockholders Equity for the quarter that ended in Dec. 2025 was £2.31 Mil. British & American Investment Trust's debt to equity for the quarter that ended in Dec. 2025 was 0.28.

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 Investment Trust's Debt-to-Equity or its related term are showing as below:

LSE:BAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09   Med: 0.22   Max: 0.41
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of British & American Investment Trust was 0.41. The lowest was 0.09. And the median was 0.22.

LSE:BAF's Debt-to-Equity is ranked worse than
57.13% of 961 companies
in the Asset Management industry
Industry Median: 0.21 vs LSE:BAF: 0.29

British & American Investment Trust  (LSE:BAF) 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 Investment Trust Debt-to-Equity Related Terms


British & American Investment Trust Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for British & American Investment Trust'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.

British & American Investment Trust Debt-to-Equity Chart

British & American Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.14 0.27 0.16 0.29

British & American Investment Trust Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.13 0.16 0.26 0.29

LSE:BAF vs BLK, BX, KKR: Debt-to-Equity Comparison

For the Asset Management subindustry, British & American Investment Trust'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 Investment Trust Debt-to-Equity vs Asset Management Industry

For the Asset Management industry and Financial Services sector, British & American Investment Trust's Debt-to-Equity distribution charts can be found below:

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



British & American Investment Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

British & American Investment Trust's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

British & American Investment Trust's Debt to Equity Ratio for the quarter that ended in Dec. 2025 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.29 mean?
British & American Investment Trust (LSE:BAF) has a Debt-to-Equity of 0.29 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on British & American Investment Trust and its competitors. This is 32% above median its historical median of 0.22. Over the past decade, British & American Investment Trust's Debt-to-Equity has ranged from 0.09 to 0.41. According to the industry distribution chart, British & American Investment Trust ranks #549 out of 961 companies in the Asset Management industry, placing it in the top 57.1%.
Is British & American Investment Trust's Debt-to-Equity too high?
British & American Investment Trust's current Debt-to-Equity of 0.29 is 32% above median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.41. The Asset Management industry median Debt-to-Equity is 0.21. British & American Investment Trust's value of 0.29 is 38.1% above this industry median. Based on the distribution chart, British & American Investment Trust ranks #549 out of 961 companies in the Asset Management industry, which is below the industry midpoint.
How does British & American Investment Trust's Debt-to-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, British & American Investment Trust ranks #549 out of 961 companies for Debt-to-Equity. This places British & American Investment Trust in the lower half of its industry. The industry median Debt-to-Equity is 0.21. British & American Investment Trust's value of 0.29 is 38.1% above this benchmark. Historically, British & American Investment Trust's own Debt-to-Equity has ranged from 0.09 to 0.41 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.21, British & American Investment Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 961 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. British & American Investment Trust's current Debt-to-Equity of 0.29 is 38.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on British & American Investment Trust and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British & American Investment Trust's current Debt-to-Equity is 0.29, which is 32% above median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is British & American Investment Trust stock overvalued right now?
British & American Investment Trust (LSE:BAF) has a current Debt-to-Equity of 0.29. The current Debt-to-Equity is 0.29, which is 32% above median its 10-year median of 0.22 and 38.1% above the Asset Management industry median of 0.21. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For British & American Investment Trust (LSE:BAF), the current Debt-to-Equity is 0.29 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

British & American Investment Trust Business Description

Address 1 Chesham Street, Wessex House, London, GBR, SW1X 8ND
British & American Investment Trust PLC is a self-managed investment trust operating in the United Kingdom. The company's policy is to invest in investment trusts and other United Kingdom and United States quoted companies to achieve a balance of income and growth.