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 37.1%. Its total assets and total liabilities are $17.0B and $13.9B respectively. Best Buy's EBIT is $1.8B making its interest coverage ratio -35.6. It has cash and short-term investments of $643.0M.
Key information
37.1%
Debt to equity ratio
US$1.14b
Debt
| Interest coverage ratio | -35.6x |
| Cash | US$643.00m |
| Equity | US$3.08b |
| Total liabilities | US$13.94b |
| Total assets | US$17.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1BBY's short term assets ($10.0B) exceed its short term liabilities ($9.9B).
Long Term Liabilities: 1BBY's short term assets ($10.0B) exceed its long term liabilities ($4.0B).
Debt to Equity History and Analysis
Debt Level: 1BBY's net debt to equity ratio (16.3%) is considered satisfactory.
Reducing Debt: 1BBY's debt to equity ratio has reduced from 38.8% to 37.1% over the past 5 years.
Debt Coverage: 1BBY's debt is well covered by operating cash flow (152.2%).
Interest Coverage: 1BBY earns more interest than it pays, so coverage of interest payments is not a concern.