Best Buy Balance Sheet Health
Financial Health criteria checks 6/6
Best Buy has a total shareholder equity of $3.1B and total debt of $1.1B, which brings its debt-to-equity ratio to 36.8%. Its total assets and total liabilities are $15.6B and $12.5B respectively. Best Buy's EBIT is $1.8B making its interest coverage ratio -47. It has cash and short-term investments of $1.6B.
Key information
36.8%
Debt to equity ratio
US$1.14b
Debt
| Interest coverage ratio | -47x |
| Cash | US$1.59b |
| Equity | US$3.11b |
| Total liabilities | US$12.52b |
| Total assets | US$15.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BBYY34's short term assets ($8.6B) exceed its short term liabilities ($8.5B).
Long Term Liabilities: BBYY34's short term assets ($8.6B) exceed its long term liabilities ($4.1B).
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 reduced from 37.2% to 36.8% over the past 5 years.
Debt Coverage: BBYY34's debt is well covered by operating cash flow (184.3%).
Interest Coverage: BBYY34 earns more interest than it pays, so coverage of interest payments is not a concern.