British American Tobacco PLC (BATS) — Cash Flow Quality Index

Latest as of June 2026: 0.82x

British American Tobacco PLC (BATS) has a Cash Flow Quality Index of 0.82x as of June 2026. Operating cash flow of GBX2.58 Billion is below net income of GBX3.16 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore British American Tobacco PLC (BATS) cash flow to debt to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

0.82x
Operating CF / Net Income

Operating Cash Flow

GBX2.58 Billion
GBX

Net Income

GBX3.16 Billion
GBX

Data as of

Jun 2026
Most recent filing

British American Tobacco PLC Cash Flow Quality Index (1995–2025)

Historical Cash Flow Quality Index for British American Tobacco PLC across 30 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash flow conversion of British American Tobacco PLC.

Annual Cash Flow Quality Index for British American Tobacco PLC (1995–2025)

Year-by-year earnings quality comparison for British American Tobacco PLC.

Year Quality Index Operating CF (GBX) Net Income YoY Change
2025 0.63x GBX4.91 Billion GBX7.76 Billion ▼ -80.1%
2024 3.18x GBX10.12 Billion GBX3.18 Billion ▲ +109.6%
2022 1.52x GBX10.39 Billion GBX6.85 Billion ▲ +9.0%
2021 1.39x GBX9.72 Billion GBX6.97 Billion ▲ +41.8%
2020 0.98x GBX9.79 Billion GBX9.96 Billion ▼ -1.5%
2019 1.00x GBX9.00 Billion GBX9.02 Billion ▼ -41.5%
2018 1.71x GBX10.29 Billion GBX6.03 Billion ▲ +1096.5%
2017 0.14x GBX5.35 Billion GBX37.48 Billion ▼ -85.6%
2016 0.99x GBX4.61 Billion GBX4.65 Billion ▼ -9.9%
2015 1.10x GBX4.72 Billion GBX4.29 Billion ▼ -7.8%
2014 1.19x GBX3.72 Billion GBX3.12 Billion ▲ +5.0%
2013 1.14x GBX4.44 Billion GBX3.90 Billion ▼ -2.5%
2012 1.17x GBX4.43 Billion GBX3.80 Billion ▲ +39.8%
2011 0.83x GBX3.94 Billion GBX4.72 Billion ▼ -8.6%
2010 0.91x GBX3.94 Billion GBX4.32 Billion ▲ +17.8%
2009 0.77x GBX3.17 Billion GBX4.10 Billion ▼ -15.2%
2008 0.91x GBX3.26 Billion GBX3.57 Billion ▲ +17.3%
2007 0.78x GBX2.26 Billion GBX2.90 Billion ▲ +8.8%
2006 0.72x GBX1.88 Billion GBX2.62 Billion ▼ -13.5%
2005 0.83x GBX2.00 Billion GBX2.42 Billion ▲ +132.5%
2004 0.36x GBX1.34 Billion GBX3.76 Billion ▼ -45.4%
2003 0.65x GBX1.21 Billion GBX1.85 Billion ▼ -99.9%
2002 443.58x GBX967.00 Million GBX2.18 Million ▲ +78055.9%
2001 0.57x GBX1.24 Billion GBX2.18 Billion ▼ -5.4%
2000 0.60x GBX1.08 Billion GBX1.80 Billion ▼ -12.6%
1999 0.69x GBX1.01 Billion GBX1.48 Billion ▲ +320.5%
1998 0.16x GBX165.00 Million GBX1.01 Billion ▼ -38.7%
1997 0.27x GBX347.00 Million GBX1.30 Billion ▼ -3.8%
1996 0.28x GBX475.00 Million GBX1.72 Billion ▼ -12.4%
1995 0.32x GBX546.00 Million GBX1.73 Billion
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.