British American Tobacco PLC (BATS) — Cash Flow-to-Debt Ratio
British American Tobacco PLC (BATS) has a Cash Flow-to-Debt Ratio of 0.04x as of June 2026, meaning its operating cash flow of GBX2.58 Billion could theoretically repay 0% of its total liabilities (GBX59.79 Billion) in one year. See financial agility of British American Tobacco PLC to measure the company's free cash flow as a share of total liabilities.
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. For the full cash flow conversion analysis, see cash efficiency ratio of British American Tobacco PLC.
Annual Cash Flow-to-Debt Ratio for British American Tobacco PLC (1995–2025)
Year-by-year debt coverage analysis for British American Tobacco PLC. Check BATS operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
| 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 | — |