British American Tobacco PLC (BATS) — Net Asset Quality Index
British American Tobacco PLC (BATS) has a Net Asset Quality Index of 44.8% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of GBX108.39 Billion minus total liabilities of GBX59.79 Billion yields net assets of GBX48.59 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read British American Tobacco PLC (BATS) total liabilities for a breakdown of total debt and financial obligations.
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 June 2026, the index stands at 44.8%, representing net assets of GBX48.59 Billion against total assets of GBX108.39 Billion GBX. For live market cap and overall valuation, see BATS company net worth.
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. Check British American Tobacco PLC (BATS) strategic investment index to assess the company's strategic physical and investment asset allocation.
| 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 | — |