Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 0.72 is in line with its 5-year average of 0.68, near the high end of its 5-year range (0.57–0.76).
As of the fiscal period ended Tuesday, June 30, 2026. 1.62% below its 12-month average of 0.74.
Reported quarterly debt to equity ratio; no daily interpolation.
DEBT TO EQUITY RATIO
0.72
DEBT TO EQUITY RATIO AVG TTM
0.74
DEBT TO EQUITY RATIO AVG 3Y
0.72
DEBT TO EQUITY RATIO AVG 5Y
0.68
DEBT TO EQUITY RATIO AVG 10Y
0.74
DEBT TO EQUITY RATIO AVG 15Y
1.25
DEBT TO EQUITY RATIO AVG 20Y
1.07
CURRENT VS TTM AVG
-1.62%
CURRENT VS 3Y AVG
+0.66%
CURRENT VS 5Y AVG
+5.91%
CURRENT VS 10Y AVG
-2.44%
CURRENT VS 15Y AVG
-41.84%
CURRENT VS 20Y AVG
-32.25%
SECTOR MEDIAN · CONSUMER DEFENSIVE
0.88
median of 45 covered companies
CURRENT VS SECTOR MEDIAN
-17.64%
vs the sector median at left
British American Tobacco p.l.c.
Market Cap
$121.24B
Debt to Equity Ratio
0.72
TTM Avg
0.74
3Y Avg
0.72
5Y Avg
0.68
Market Cap
$110.35B
Debt to Equity Ratio
-9.21
TTM Avg
7.45
3Y Avg
4.38
5Y Avg
3.85
Market Cap
$93.48B
Debt to Equity Ratio
N/A
TTM Avg
0.03
3Y Avg
0.01
5Y Avg
0.01
Market Cap
$155.43B
Debt to Equity Ratio
0.77
TTM Avg
0.88
3Y Avg
0.95
5Y Avg
1.09
Market Cap
$82.26B
Debt to Equity Ratio
0.83
TTM Avg
0.78
3Y Avg
0.78
5Y Avg
0.76
Market Cap
$72.88B
Debt to Equity Ratio
33.29
TTM Avg
94.04
3Y Avg
56.52
5Y Avg
41.67
Market Cap
$47.87B
Debt to Equity Ratio
1.47
TTM Avg
1.35
3Y Avg
1.43
5Y Avg
1.46
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| British American Tobacco p.l.c. (BTI) | $121.24B | 0.72 | 0.74 | 0.72 | 0.68 |
| Altria Group, Inc. (MO)vs › | $110.35B | -9.21 | 7.45 | 4.38 | 3.85 |
| Monster Beverage Corporation (MNST)vs › | $93.48B | N/A | 0.03 | 0.01 | 0.01 |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $155.43B | 0.77 | 0.88 | 0.95 | 1.09 |
| Mondelez International, Inc. (MDLZ)vs › | $82.26B | 0.83 | 0.78 | 0.78 | 0.76 |
| Target Corporation (TGT)vs › | $75.13B | 0.25 | 1.31 | 1.36 | 1.41 |
| Colgate-Palmolive Company (CL)vs › | $72.88B | 33.29 | 94.04 | 56.52 | 41.67 |
| Coca-Cola Europacific Partners PLC (CCEP)vs › | $47.87B | 1.47 | 1.35 | 1.43 | 1.46 |
| PepsiCo, Inc. (PEP)vs › | $195.99B | 2.41 | 2.47 | 2.42 | 2.59 |
| Keurig Dr Pepper Inc. (KDP)vs › | $43.59B | 1.37 | 0.67 | 0.61 | 0.60 |
Debt/Equity
0.72
Current Ratio
0.84
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-06-30 | 0.72 |
| 2025-12-31 | 0.73 |
| 2025-06-30 | 0.75 |
| 2024-12-31 | 0.74 |
| 2024-06-30 | 0.75 |
| 2023-12-31 | 0.76 |
| 2023-06-30 | 0.58 |
| 2022-12-31 | 0.57 |
| 2022-06-30 | 0.61 |
| 2021-12-31 | 0.59 |
| 2021-06-30 | 0.72 |
| 2020-12-31 | 0.70 |
| 2020-06-30 | 0.73 |
| 2019-12-31 | 0.71 |
| 2019-06-30 | 0.77 |
| 2018-12-31 | 0.73 |
| 2018-06-30 | 0.78 |
| 2017-12-31 | 0.81 |
| 2017-06-30 | 2.71 |
| 2016-12-31 | 2.38 |
| 2016-06-30 | 3.31 |
| 2015-12-31 | 3.47 |
| 2015-06-30 | 2.58 |
| 2014-12-31 | 2.22 |
| 2014-06-30 | 2.33 |
| 2013-12-31 | 1.76 |
| 2013-06-30 | 1.79 |
| 2012-12-31 | 1.43 |
| 2012-06-30 | 1.57 |
| 2011-12-31 | 1.26 |
| 2011-06-30 | 1.27 |
| 2010-12-31 | 1.11 |
| 2010-06-30 | 1.29 |
| 2009-12-31 | 1.46 |
| 2009-06-30 | 1.63 |
| 2008-12-31 | 1.75 |
| 2008-09-30 | 0.00 |
| 2008-06-30 | 1.46 |
| 2008-03-31 | 0.00 |
| 2007-12-31 | 1.01 |
| 2007-09-30 | 0.00 |
| 2007-06-30 | 1.03 |
| 2007-03-31 | 0.00 |
| 2006-12-31 | 1.03 |
| 2006-09-30 | 0.00 |
| 2006-06-30 | 1.24 |
| 2006-03-31 | 0.00 |
| 2005-12-31 | 1.10 |
| 2005-09-30 | 0.00 |
| 2005-06-30 | 1.26 |
| 2005-03-31 | 0.00 |
| 2004-12-31 | 1.21 |
| 2004-09-30 | 0.00 |
| 2004-06-30 | 1.74 |
| 2003-12-31 | 1.70 |
| 2003-09-30 | 0.00 |
| 2003-06-30 | 1.06 |
| 2003-03-31 | 0.00 |
| 2002-12-31 | 1.02 |
| 2002-09-30 | 0.00 |
| 2002-06-30 | 1.11 |
| 2002-03-31 | 0.00 |
| 2001-12-31 | 1.29 |
| 2001-09-30 | 0.00 |
| 2001-06-30 | 1.20 |
| 2001-03-31 | 0.00 |
| 2000-12-31 | 1.21 |
| 2000-09-30 | 0.00 |
| 2000-06-30 | 1.30 |
| 2000-03-31 | 0.00 |
| 1999-12-31 | 1.18 |
| 1999-06-30 | 1.93 |
| 1998-12-31 | 58.28 |
| 1998-06-30 | 26.94 |
| 1997-12-31 | 18.76 |
| 1997-06-30 | 8.49 |
| 1996-12-31 | 4.90 |
| 1996-06-30 | 5.81 |
| 1995-12-31 | 7.07 |
| 1995-06-30 | 0.00 |
