British American Tobacco PLC (BATS) — Cash Flow-to-Debt Ratio
British American Tobacco PLC (BATS) has a Cash Flow-to-Debt Ratio of 0.06x as of December 2025, meaning its operating cash flow of GBX3.40 Billion could theoretically repay 0% of its total liabilities (GBX61.15 Billion) in one year. See BATS free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
British American Tobacco PLC Cash Flow-to-Debt Ratio (1995–2025)
Historical debt coverage capacity for British American Tobacco PLC across 31 annual periods. Also explore BATS year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for British American Tobacco PLC (1995–2025)
Year-by-year debt coverage analysis for British American Tobacco PLC. For market capitalisation and broader financial context, see how much is British American Tobacco PLC worth.
| Year | CF-to-Debt Ratio | Operating CF (GBX) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.08x | GBX4.91 Billion | GBX61.15 Billion | ▼ -45.3% |
| 2024 | 0.15x | GBX10.12 Billion | GBX68.90 Billion | ▼ -9.8% |
| 2023 | 0.16x | GBX10.71 Billion | GBX65.78 Billion | ▲ +22.0% |
| 2022 | 0.13x | GBX10.39 Billion | GBX77.84 Billion | ▼ -3.9% |
| 2021 | 0.14x | GBX9.72 Billion | GBX69.96 Billion | ▲ +6.1% |
| 2020 | 0.13x | GBX9.79 Billion | GBX74.73 Billion | ▲ +11.9% |
| 2019 | 0.12x | GBX9.00 Billion | GBX76.84 Billion | ▼ -8.3% |
| 2018 | 0.13x | GBX10.29 Billion | GBX80.65 Billion | ▲ +91.0% |
| 2017 | 0.07x | GBX5.35 Billion | GBX80.01 Billion | ▼ -54.5% |
| 2016 | 0.15x | GBX4.61 Billion | GBX31.37 Billion | ▼ -17.5% |
| 2015 | 0.18x | GBX4.72 Billion | GBX26.48 Billion | ▼ -2.4% |
| 2014 | 0.18x | GBX3.72 Billion | GBX20.35 Billion | ▼ -17.9% |
| 2013 | 0.22x | GBX4.44 Billion | GBX19.95 Billion | ▼ -1.8% |
| 2012 | 0.23x | GBX4.43 Billion | GBX19.55 Billion | ▲ +7.2% |
| 2011 | 0.21x | GBX3.94 Billion | GBX18.64 Billion | ▼ -1.8% |
| 2010 | 0.22x | GBX3.94 Billion | GBX18.31 Billion | ▲ +26.7% |
| 2009 | 0.17x | GBX3.17 Billion | GBX18.70 Billion | ▲ +5.8% |
| 2008 | 0.16x | GBX3.26 Billion | GBX20.34 Billion | ▼ -17.2% |
| 2007 | 0.19x | GBX2.26 Billion | GBX11.68 Billion | ▲ +14.5% |
| 2006 | 0.17x | GBX1.88 Billion | GBX11.09 Billion | ▲ +2.9% |
| 2005 | 0.16x | GBX2.00 Billion | GBX12.17 Billion | ▲ +43.3% |
| 2004 | 0.11x | GBX1.34 Billion | GBX11.66 Billion | ▲ +35.7% |
| 2003 | 0.08x | GBX1.21 Billion | GBX14.27 Billion | ▼ -5.2% |
| 2002 | 0.09x | GBX967.00 Million | GBX10.83 Billion | ▼ -12.2% |
| 2001 | 0.10x | GBX1.24 Billion | GBX12.15 Billion | ▲ +15.0% |
| 2000 | 0.09x | GBX1.08 Billion | GBX12.22 Billion | ▼ -4.6% |
| 1999 | 0.09x | GBX1.01 Billion | GBX10.96 Billion | ▲ +296.6% |
| 1998 | 0.02x | GBX165.00 Million | GBX7.07 Billion | ▼ -44.1% |
| 1997 | 0.04x | GBX347.00 Million | GBX8.30 Billion | ▼ -37.9% |
| 1996 | 0.07x | GBX475.00 Million | GBX7.06 Billion | ▼ -11.4% |
| 1995 | 0.08x | GBX546.00 Million | GBX7.19 Billion | — |