British American Tobacco PLC (BATS) — Net Asset Quality Index
British American Tobacco PLC (BATS) has a Net Asset Quality Index of 44.1% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of GBX109.29 Billion minus total liabilities of GBX61.15 Billion yields net assets of GBX48.15 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check BATS financial resilience to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
British American Tobacco PLC Net Asset Quality Index Over Time (1995–2025)
This chart shows how British American Tobacco PLC's Net Asset Quality Index has evolved across 31 annual periods from 1995 to 2025. As of December 2025, the index stands at 44.1%, representing net assets of GBX48.15 Billion against total assets of GBX109.29 Billion GBX. See British American Tobacco PLC (BATS) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for British American Tobacco PLC (1995–2025)
The table below presents the year-by-year Net Asset Quality Index for British American Tobacco PLC from 1995 to 2025, covering 31 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see British American Tobacco PLC market cap and net worth.
| Year | Quality Index | Net Assets (GBX) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 44.1% | GBX48.15 Billion | GBX109.29 Billion | GBX61.15 Billion | ▲ +2.0 pp |
| 2024 | 42.0% | GBX49.99 Billion | GBX118.90 Billion | GBX68.90 Billion | ▼ -2.5 pp |
| 2023 | 44.6% | GBX52.93 Billion | GBX118.72 Billion | GBX65.78 Billion | ▼ -4.7 pp |
| 2022 | 49.3% | GBX75.71 Billion | GBX153.55 Billion | GBX77.84 Billion | ▲ +0.2 pp |
| 2021 | 49.1% | GBX67.40 Billion | GBX137.37 Billion | GBX69.96 Billion | ▲ +3.3 pp |
| 2020 | 45.7% | GBX62.95 Billion | GBX137.69 Billion | GBX74.73 Billion | ▲ +0.2 pp |
| 2019 | 45.5% | GBX64.16 Billion | GBX141.00 Billion | GBX76.84 Billion | ▲ +0.6 pp |
| 2018 | 44.9% | GBX65.69 Billion | GBX146.34 Billion | GBX80.65 Billion | ▲ +1.6 pp |
| 2017 | 43.3% | GBX61.03 Billion | GBX141.04 Billion | GBX80.01 Billion | ▲ +22.1 pp |
| 2016 | 21.1% | GBX8.41 Billion | GBX39.77 Billion | GBX31.37 Billion | ▲ +5.2 pp |
| 2015 | 16.0% | GBX5.03 Billion | GBX31.52 Billion | GBX26.48 Billion | ▼ -6.3 pp |
| 2014 | 22.2% | GBX5.81 Billion | GBX26.17 Billion | GBX20.35 Billion | ▼ -3.6 pp |
| 2013 | 25.8% | GBX6.93 Billion | GBX26.88 Billion | GBX19.95 Billion | ▼ -2.7 pp |
| 2012 | 28.5% | GBX7.78 Billion | GBX27.33 Billion | GBX19.55 Billion | ▼ -2.8 pp |
| 2011 | 31.2% | GBX8.47 Billion | GBX27.12 Billion | GBX18.64 Billion | ▼ -3.0 pp |
| 2010 | 34.3% | GBX9.55 Billion | GBX27.86 Billion | GBX18.31 Billion | ▲ +4.5 pp |
| 2009 | 29.7% | GBX7.91 Billion | GBX26.61 Billion | GBX18.70 Billion | ▲ +3.5 pp |
| 2008 | 26.2% | GBX7.21 Billion | GBX27.55 Billion | GBX20.34 Billion | ▼ -11.6 pp |
| 2007 | 37.8% | GBX7.09 Billion | GBX18.76 Billion | GBX11.68 Billion | ▲ +0.2 pp |
| 2006 | 37.6% | GBX6.69 Billion | GBX17.78 Billion | GBX11.09 Billion | ▲ +1.5 pp |
| 2005 | 36.1% | GBX6.88 Billion | GBX19.05 Billion | GBX12.17 Billion | ▲ +1.7 pp |
| 2004 | 34.4% | GBX6.12 Billion | GBX17.77 Billion | GBX11.66 Billion | ▲ +10.1 pp |
| 2003 | 24.3% | GBX4.59 Billion | GBX18.86 Billion | GBX14.27 Billion | ▲ +66447.7 pp |
| 2002 | -66423.4% | GBX-10.82 Billion | GBX16.29 Million | GBX10.83 Billion | ▼ -66452.9 pp |
| 2001 | 29.5% | GBX5.08 Billion | GBX17.23 Billion | GBX12.15 Billion | ▼ -1.6 pp |
| 2000 | 31.1% | GBX5.52 Billion | GBX17.74 Billion | GBX12.22 Billion | ▼ -1.4 pp |
| 1999 | 32.5% | GBX5.28 Billion | GBX16.23 Billion | GBX10.96 Billion | ▲ +27.3 pp |
| 1998 | 5.2% | GBX387.00 Million | GBX7.45 Billion | GBX7.07 Billion | ▲ +2.3 pp |
| 1997 | 2.9% | GBX245.00 Million | GBX8.55 Billion | GBX8.30 Billion | ▼ -9.8 pp |
| 1996 | 12.7% | GBX1.03 Billion | GBX8.09 Billion | GBX7.06 Billion | ▲ +1.9 pp |
| 1995 | 10.8% | GBX867.00 Million | GBX8.06 Billion | GBX7.19 Billion | — |