Best Buy Balance Sheet Health
Financial Health criteria checks 4/6
Best Buy has a total shareholder equity of $3.1B and total debt of $1.1B, which brings its debt-to-equity ratio to 37%. Its total assets and total liabilities are $15.0B and $11.9B respectively. Best Buy's EBIT is $1.7B making its interest coverage ratio -66.4. It has cash and short-term investments of $1.4B.
Key information
37.0%
Debt to equity ratio
US$1.13b
Debt
Interest coverage ratio | -66.4x |
Cash | US$1.45b |
Equity | US$3.05b |
Total liabilities | US$11.91b |
Total assets | US$14.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BBYY34's short term assets ($7.9B) do not cover its short term liabilities ($7.9B).
Long Term Liabilities: BBYY34's short term assets ($7.9B) exceed its long term liabilities ($4.0B).
Debt to Equity History and Analysis
Debt Level: BBYY34 has more cash than its total debt.
Reducing Debt: BBYY34's debt to equity ratio has increased from 35.4% to 37% over the past 5 years.
Debt Coverage: BBYY34's debt is well covered by operating cash flow (130%).
Interest Coverage: BBYY34 earns more interest than it pays, so coverage of interest payments is not a concern.