Best Buy Balance Sheet Health

Financial Health criteria checks 4/6

Best Buy has a total shareholder equity of $2.8B and total debt of $1.1B, which brings its debt-to-equity ratio to 39.3%. Its total assets and total liabilities are $16.9B and $14.1B respectively. Best Buy's EBIT is $1.7B making its interest coverage ratio -98.8. It has cash and short-term investments of $887.0M.

Key information

39.3%

Debt to equity ratio

US$1.11b

Debt

Interest coverage ratio-98.8x
CashUS$887.00m
EquityUS$2.81b
Total liabilitiesUS$14.07b
Total assetsUS$16.88b

Recent financial health updates

Recent updates

Best Buy: Is The ~5% Yield Safe Or Is A Dividend Cut In The Works?

Feb 15

Is There An Opportunity With Best Buy Co., Inc.'s (NYSE:BBY) 37% Undervaluation?

Feb 05
Is There An Opportunity With Best Buy Co., Inc.'s (NYSE:BBY) 37% Undervaluation?

Best Buy: Capital Return Story Attractive With Possible Demand Recovery

Jan 25

Does Best Buy (NYSE:BBY) Have A Healthy Balance Sheet?

Jan 22
Does Best Buy (NYSE:BBY) Have A Healthy Balance Sheet?

The Market Doesn't Like What It Sees From Best Buy Co., Inc.'s (NYSE:BBY) Earnings Yet

Jan 08
The Market Doesn't Like What It Sees From Best Buy Co., Inc.'s (NYSE:BBY) Earnings Yet

At US$76.14, Is Best Buy Co., Inc. (NYSE:BBY) Worth Looking At Closely?

Dec 25
At US$76.14, Is Best Buy Co., Inc. (NYSE:BBY) Worth Looking At Closely?

Best Buy: Don't Get Lumped With This Coal This Christmas

Dec 22

The Returns On Capital At Best Buy (NYSE:BBY) Don't Inspire Confidence

Dec 05
The Returns On Capital At Best Buy (NYSE:BBY) Don't Inspire Confidence

A Best Buy It's Not

Nov 21

Best Buy: The Electronics Store Era Is Coming To An End

Nov 15

We Think Best Buy (NYSE:BBY) Is Taking Some Risk With Its Debt

Oct 23
We Think Best Buy (NYSE:BBY) Is Taking Some Risk With Its Debt

Best Buy: 5% Yield Is At Risk In A Changing World

Oct 10

Best Buy Co., Inc. (NYSE:BBY) Shares Could Be 41% Below Their Intrinsic Value Estimate

Oct 08
Best Buy Co., Inc. (NYSE:BBY) Shares Could Be 41% Below Their Intrinsic Value Estimate

Is Now The Time To Look At Buying Best Buy Co., Inc. (NYSE:BBY)?

Sep 11
Is Now The Time To Look At Buying Best Buy Co., Inc. (NYSE:BBY)?

Best Buy: Remains A Hold Amid Mixed Q2 Results And Industry Headwinds

Sep 08

Capital Allocation Trends At Best Buy (NYSE:BBY) Aren't Ideal

Aug 27
Capital Allocation Trends At Best Buy (NYSE:BBY) Aren't Ideal

Best Buy Offers Great Value And Upside

Aug 07

Is Best Buy Co., Inc. (NYSE:BBY) Trading At A 28% Discount?

Jul 06
Is Best Buy Co., Inc. (NYSE:BBY) Trading At A 28% Discount?

Best Buy's 5% Dividend: High-Yield Haven Or Risky Bet?

Jun 21

Is Best Buy (NYSE:BBY) Using Too Much Debt?

Jun 08
Is Best Buy (NYSE:BBY) Using Too Much Debt?

Best Buy: Bouncing Off The Bottom

May 26

What Is Best Buy Co., Inc.'s (NYSE:BBY) Share Price Doing?

May 24
What Is Best Buy Co., Inc.'s (NYSE:BBY) Share Price Doing?

Best Buy (NYSE:BBY) Might Become A Compounding Machine

May 09
Best Buy (NYSE:BBY) Might Become A Compounding Machine

Best Buy Co., Inc.'s (NYSE:BBY) Intrinsic Value Is Potentially 42% Above Its Share Price

Mar 26
Best Buy Co., Inc.'s (NYSE:BBY) Intrinsic Value Is Potentially 42% Above Its Share Price

Here's Why Best Buy (NYSE:BBY) Can Manage Its Debt Responsibly

Feb 27
Here's Why Best Buy (NYSE:BBY) Can Manage Its Debt Responsibly

At US$87.26, Is Best Buy Co., Inc. (NYSE:BBY) Worth Looking At Closely?

Feb 14
At US$87.26, Is Best Buy Co., Inc. (NYSE:BBY) Worth Looking At Closely?

Best Buy: Q4 Guidance Looks Aggressive

Feb 08

Best Buy (NYSE:BBY) Looks To Prolong Its Impressive Returns

Feb 01
Best Buy (NYSE:BBY) Looks To Prolong Its Impressive Returns

Best Buy: A Brief Look At The Profitability And Efficiency

Jan 28

Why To Hold Best Buy In 2023

Dec 10

What Is Best Buy Co., Inc.'s (NYSE:BBY) Share Price Doing?

Nov 08
What Is Best Buy Co., Inc.'s (NYSE:BBY) Share Price Doing?

Best Buy: Understanding 'Last Man Standing' Bias

Nov 03

Investors Met With Slowing Returns on Capital At Best Buy (NYSE:BBY)

Oct 21
Investors Met With Slowing Returns on Capital At Best Buy (NYSE:BBY)

An Updated View On Best Buy

Sep 25

Best Buy Co., Inc. (NYSE:BBY) is a Value Investors' Dividend Opportunity

Sep 05
Best Buy Co., Inc. (NYSE:BBY) is a Value Investors' Dividend Opportunity

Best Buy declares $0.88 dividend

Aug 31

Best Buy: Key Items To Watch Prior To Upcoming Earnings

Aug 25

Is Now The Time To Look At Buying Best Buy Co., Inc. (NYSE:BBY)?

Aug 02
Is Now The Time To Look At Buying Best Buy Co., Inc. (NYSE:BBY)?

Best Buy: It Has Been So Bad That It's Starting To Look Good

Jul 24

Shareholders Would Enjoy A Repeat Of Best Buy's (NYSE:BBY) Recent Growth In Returns

Jul 15
Shareholders Would Enjoy A Repeat Of Best Buy's (NYSE:BBY) Recent Growth In Returns

Best Buy Now Yields 5% And Is Too Cheap To Ignore

Jun 23

The Pros And Cons Of Investing In Best Buy Now

Jun 02

Financial Position Analysis

Short Term Liabilities: BBY's short term assets ($9.9B) do not cover its short term liabilities ($10.0B).

Long Term Liabilities: BBY's short term assets ($9.9B) exceed its long term liabilities ($4.1B).


Debt to Equity History and Analysis

Debt Level: BBY's net debt to equity ratio (7.8%) is considered satisfactory.

Reducing Debt: BBY's debt to equity ratio has increased from 36.4% to 39.3% over the past 5 years.

Debt Coverage: BBY's debt is well covered by operating cash flow (200.9%).

Interest Coverage: BBY earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Price7D1Y
Mkt CapP/EGrowth
Price7D1Y
Mkt CapP/EGrowth
Price7D1Y
Mkt CapP/EGrowth
Price7D1Y
Mkt CapP/EGrowth
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.