British American Tobacco PLC (BATS) — Financial Flexibility Index
British American Tobacco PLC (BATS) has a Financial Flexibility Index of 0.06x as of December 2025. Free cash flow of GBX3.85 Billion (operating CF GBX3.40 Billion minus capex GBX448.00 Million) represents 0% of total liabilities (GBX61.15 Billion). Also explore BATS shareholders equity momentum to track the company's year-over-year net asset growth rate.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
British American Tobacco PLC Financial Flexibility Index (1995–2025)
Historical Financial Flexibility Index trend for British American Tobacco PLC across 31 annual periods. Check British American Tobacco PLC strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Annual Financial Flexibility Index for British American Tobacco PLC (1995–2025)
Year-by-year free cash flow to debt coverage for British American Tobacco PLC. For the full company profile including market capitalisation, see British American Tobacco PLC market cap and net worth.
| Year | Flexibility Index | Free Cash Flow (GBX) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.09x | GBX5.46 Billion | GBX4.91 Billion | GBX61.15 Billion | ▼ -42.6% |
| 2024 | 0.16x | GBX10.73 Billion | GBX10.12 Billion | GBX68.90 Billion | ▼ -8.3% |
| 2023 | 0.17x | GBX11.17 Billion | GBX10.71 Billion | GBX65.78 Billion | ▲ +19.7% |
| 2022 | 0.14x | GBX11.05 Billion | GBX10.39 Billion | GBX77.84 Billion | ▼ -5.1% |
| 2021 | 0.15x | GBX10.46 Billion | GBX9.72 Billion | GBX69.96 Billion | ▲ +6.0% |
| 2020 | 0.14x | GBX10.54 Billion | GBX9.79 Billion | GBX74.73 Billion | ▲ +10.5% |
| 2019 | 0.13x | GBX9.81 Billion | GBX9.00 Billion | GBX76.84 Billion | ▼ -6.8% |
| 2018 | 0.14x | GBX11.05 Billion | GBX10.29 Billion | GBX80.65 Billion | ▲ +78.6% |
| 2017 | 0.08x | GBX6.14 Billion | GBX5.35 Billion | GBX80.01 Billion | ▼ -53.7% |
| 2016 | 0.17x | GBX5.20 Billion | GBX4.61 Billion | GBX31.37 Billion | ▼ -15.7% |
| 2015 | 0.20x | GBX5.20 Billion | GBX4.72 Billion | GBX26.48 Billion | ▼ -5.8% |
| 2014 | 0.21x | GBX4.25 Billion | GBX3.72 Billion | GBX20.35 Billion | ▼ -17.0% |
| 2013 | 0.25x | GBX5.01 Billion | GBX4.44 Billion | GBX19.95 Billion | ▼ -3.6% |
| 2012 | 0.26x | GBX5.09 Billion | GBX4.43 Billion | GBX19.55 Billion | ▲ +6.6% |
| 2011 | 0.24x | GBX4.55 Billion | GBX3.94 Billion | GBX18.64 Billion | ▼ -1.1% |
| 2010 | 0.25x | GBX4.52 Billion | GBX3.94 Billion | GBX18.31 Billion | ▲ +23.9% |
| 2009 | 0.20x | GBX3.73 Billion | GBX3.17 Billion | GBX18.70 Billion | ▲ +6.5% |
| 2008 | 0.19x | GBX3.81 Billion | GBX3.26 Billion | GBX20.34 Billion | ▼ -20.3% |
| 2007 | 0.24x | GBX2.74 Billion | GBX2.26 Billion | GBX11.68 Billion | ▲ +13.2% |
| 2006 | 0.21x | GBX2.30 Billion | GBX1.88 Billion | GBX11.09 Billion | ▲ +6.1% |
| 2005 | 0.20x | GBX2.38 Billion | GBX2.00 Billion | GBX12.17 Billion | ▲ +36.6% |
| 2004 | 0.14x | GBX1.67 Billion | GBX1.34 Billion | GBX11.66 Billion | ▲ +25.1% |
| 2003 | 0.11x | GBX1.64 Billion | GBX1.21 Billion | GBX14.27 Billion | ▼ -14.8% |
| 2002 | 0.13x | GBX1.46 Billion | GBX967.00 Million | GBX10.83 Billion | ▼ -6.7% |
| 2001 | 0.14x | GBX1.75 Billion | GBX1.24 Billion | GBX12.15 Billion | ▲ +22.1% |
| 2000 | 0.12x | GBX1.44 Billion | GBX1.08 Billion | GBX12.22 Billion | ▲ +7.0% |
| 1999 | 0.11x | GBX1.21 Billion | GBX1.01 Billion | GBX10.96 Billion | ▲ +47.5% |
| 1998 | 0.07x | GBX528.00 Million | GBX165.00 Million | GBX7.07 Billion | ▼ -12.2% |
| 1997 | 0.09x | GBX707.00 Million | GBX347.00 Million | GBX8.30 Billion | ▼ -28.0% |
| 1996 | 0.12x | GBX835.00 Million | GBX475.00 Million | GBX7.06 Billion | ▼ -6.3% |
| 1995 | 0.13x | GBX907.00 Million | GBX546.00 Million | GBX7.19 Billion | — |