Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 32.35% is in line with its 5-year average of 31.19%, near the high end of its 5-year range (28.10%–33.83%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.58% above its 12-month average of 32.16%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
32.35%
DEBT TO ASSETS RATIO AVG TTM
32.16%
DEBT TO ASSETS RATIO AVG 3Y
31.96%
DEBT TO ASSETS RATIO AVG 5Y
31.19%
DEBT TO ASSETS RATIO AVG 10Y
32.66%
DEBT TO ASSETS RATIO AVG 15Y
38.24%
DEBT TO ASSETS RATIO AVG 20Y
38.79%
CURRENT VS TTM AVG
+0.58%
CURRENT VS 3Y AVG
+1.21%
CURRENT VS 5Y AVG
+3.71%
CURRENT VS 10Y AVG
-0.96%
CURRENT VS 15Y AVG
-15.40%
CURRENT VS 20Y AVG
-16.61%
SECTOR MEDIAN · CONSUMER DEFENSIVE
0.39%
median of 45 covered companies
CURRENT VS SECTOR MEDIAN
+8194.75%
vs the sector median at left
British American Tobacco p.l.c.
Market Cap
$121.24B
Debt to Assets Ratio
32.35%
TTM Avg
32.16%
3Y Avg
31.96%
5Y Avg
31.19%
Market Cap
$93.48B
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$155.43B
Debt to Assets Ratio
0.33%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$82.26B
Debt to Assets Ratio
0.31%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$72.88B
Debt to Assets Ratio
0.47%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$47.87B
Debt to Assets Ratio
0.38%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| British American Tobacco p.l.c. (BTI) | $121.24B | 32.35% | 32.16% | 31.96% | 31.19% |
| Altria Group, Inc. (MO)vs › | $110.35B | 0.74% | N/A | N/A | N/A |
| Monster Beverage Corporation (MNST)vs › | $93.48B | N/A | N/A | N/A | N/A |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $155.43B | 0.33% | N/A | N/A | N/A |
| Mondelez International, Inc. (MDLZ)vs › | $82.26B | 0.31% | N/A | N/A | N/A |
| Target Corporation (TGT)vs › | $75.13B | 0.07% | N/A | N/A | N/A |
| Colgate-Palmolive Company (CL)vs › | $72.88B | 0.47% | N/A | N/A | N/A |
| Coca-Cola Europacific Partners PLC (CCEP)vs › | $47.87B | 0.38% | N/A | N/A | N/A |
| PepsiCo, Inc. (PEP)vs › | $195.99B | 0.47% | N/A | N/A | N/A |
| Keurig Dr Pepper Inc. (KDP)vs › | $43.59B | 0.39% | N/A | N/A | N/A |
Debt/Assets
32.3%
Debt/Equity
0.72
Current Ratio
0.84
Interest Coverage
5.2x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-06-30 | 32.35% |
| 2025-12-31 | 32.09% |
| 2025-06-30 | 32.05% |
| 2024-12-31 | 31.08% |
| 2024-06-30 | 33.83% |
| 2023-12-31 | 33.47% |
| 2023-06-30 | 28.87% |
| 2022-12-31 | 28.10% |
| 2022-06-30 | 29.55% |
| 2021-12-31 | 28.87% |
| 2021-06-30 | 32.86% |
| 2020-12-31 | 31.93% |
| 2020-06-30 | 33.05% |
| 2019-12-31 | 32.17% |
| 2019-06-30 | 33.96% |
| 2018-12-31 | 32.46% |
| 2018-06-30 | 34.04% |
| 2017-12-31 | 35.06% |
| 2017-06-30 | 53.35% |
| 2016-12-31 | 49.02% |
| 2016-06-30 | 55.83% |
| 2015-12-31 | 53.95% |
| 2015-06-30 | 53.96% |
| 2014-12-31 | 46.85% |
| 2014-06-30 | 49.51% |
| 2013-12-31 | 43.51% |
| 2013-06-30 | 44.69% |
| 2012-12-31 | 39.22% |
| 2012-06-30 | 42.18% |
| 2011-12-31 | 37.89% |
| 2011-06-30 | 39.61% |
| 2010-12-31 | 36.79% |
| 2010-06-30 | 40.46% |
| 2009-12-31 | 41.64% |
| 2009-06-30 | 43.87% |
| 2008-12-31 | 44.14% |
| 2008-06-30 | 44.84% |
| 2007-12-31 | 36.90% |
| 2007-06-30 | 37.58% |
| 2006-12-31 | 37.27% |
| 2006-06-30 | 41.74% |
| 2005-12-31 | 38.11% |
| 2005-06-30 | 41.58% |
| 2004-12-31 | 40.44% |
| 2004-06-30 | 40.77% |
| 2003-12-31 | 40.10% |
| 2003-06-30 | 33.72% |
| 2002-12-31 | 32.63% |
| 2002-06-30 | 34.35% |
| 2001-12-31 | 35.69% |
| 2001-06-30 | 35.55% |
| 2000-12-31 | 34.68% |
| 2000-06-30 | 38.17% |
| 1999-12-31 | 34.96% |
| 1999-06-30 | 39.71% |
| 1998-12-31 | 50.05% |
| 1998-06-30 | 52.03% |
| 1997-12-31 | 53.75% |
| 1997-06-30 | 48.27% |
| 1996-12-31 | 42.47% |
| 1996-06-30 | 43.31% |
| 1995-12-31 | 44.14% |
