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
Does Best Buy (NYSE:BBY) Have A Healthy Balance Sheet?
Jan 22
We Think Best Buy (NYSE:BBY) Is Taking Some Risk With Its Debt
Oct 23Is Best Buy (NYSE:BBY) Using Too Much Debt?
Jun 08Here's Why Best Buy (NYSE:BBY) Can Manage Its Debt Responsibly
Feb 27Recent updates
Market Still Lacking Some Conviction On Best Buy Co., Inc. (NYSE:BBY)
May 07What Is Best Buy Co., Inc.'s (NYSE:BBY) Share Price Doing?
Apr 24Best Buy Remains Highly Vulnerable To E-Commerce
Apr 16There Are Reasons To Feel Uneasy About Best Buy's (NYSE:BBY) Returns On Capital
Apr 08Best Buy (NYSE:BBY) Is Paying Out A Larger Dividend Than Last Year
Mar 14Best Buy Q4 Results: Higher Profitability Offset By Continued Topline Softness
Feb 29Best Buy: Is The ~5% Yield Safe Or Is A Dividend Cut In The Works?
Feb 15Is There An Opportunity With Best Buy Co., Inc.'s (NYSE:BBY) 37% Undervaluation?
Feb 05Best Buy: Capital Return Story Attractive With Possible Demand Recovery
Jan 25Does Best Buy (NYSE:BBY) Have A Healthy Balance Sheet?
Jan 22The Market Doesn't Like What It Sees From Best Buy Co., Inc.'s (NYSE:BBY) Earnings Yet
Jan 08At US$76.14, Is Best Buy Co., Inc. (NYSE:BBY) Worth Looking At Closely?
Dec 25Best Buy: Don't Get Lumped With This Coal This Christmas
Dec 22The Returns On Capital At Best Buy (NYSE:BBY) Don't Inspire Confidence
Dec 05A Best Buy It's Not
Nov 21Best Buy: The Electronics Store Era Is Coming To An End
Nov 15We Think Best Buy (NYSE:BBY) Is Taking Some Risk With Its Debt
Oct 23Best Buy: 5% Yield Is At Risk In A Changing World
Oct 10Best Buy Co., Inc. (NYSE:BBY) Shares Could Be 41% Below Their Intrinsic Value Estimate
Oct 08Is Now The Time To Look At Buying Best Buy Co., Inc. (NYSE:BBY)?
Sep 11Best Buy: Remains A Hold Amid Mixed Q2 Results And Industry Headwinds
Sep 08Capital Allocation Trends At Best Buy (NYSE:BBY) Aren't Ideal
Aug 27Best Buy Offers Great Value And Upside
Aug 07Is Best Buy Co., Inc. (NYSE:BBY) Trading At A 28% Discount?
Jul 06Best Buy's 5% Dividend: High-Yield Haven Or Risky Bet?
Jun 21Is Best Buy (NYSE:BBY) Using Too Much Debt?
Jun 08Best Buy: Bouncing Off The Bottom
May 26What Is Best Buy Co., Inc.'s (NYSE:BBY) Share Price Doing?
May 24Best Buy (NYSE:BBY) Might Become A Compounding Machine
May 09Best Buy Co., Inc.'s (NYSE:BBY) Intrinsic Value Is Potentially 42% Above Its Share Price
Mar 26Here's Why Best Buy (NYSE:BBY) Can Manage Its Debt Responsibly
Feb 27At US$87.26, Is Best Buy Co., Inc. (NYSE:BBY) Worth Looking At Closely?
Feb 14Best Buy: Q4 Guidance Looks Aggressive
Feb 08Best Buy (NYSE:BBY) Looks To Prolong Its Impressive Returns
Feb 01Best Buy: A Brief Look At The Profitability And Efficiency
Jan 28Why To Hold Best Buy In 2023
Dec 10What Is Best Buy Co., Inc.'s (NYSE:BBY) Share Price Doing?
Nov 08Best Buy: Understanding 'Last Man Standing' Bias
Nov 03Investors Met With Slowing Returns on Capital At Best Buy (NYSE:BBY)
Oct 21An Updated View On Best Buy
Sep 25Best Buy Co., Inc. (NYSE:BBY) is a Value Investors' Dividend Opportunity
Sep 05Financial Position Analysis
Short Term Liabilities: BBY's short term assets ($7.9B) do not cover its short term liabilities ($7.9B).
Long Term Liabilities: BBY's short term assets ($7.9B) exceed its long term liabilities ($4.0B).
Debt to Equity History and Analysis
Debt Level: BBY has more cash than its total debt.
Reducing Debt: BBY's debt to equity ratio has increased from 35.4% to 37% over the past 5 years.
Debt Coverage: BBY's debt is well covered by operating cash flow (130%).
Interest Coverage: BBY earns more interest than it pays, so coverage of interest payments is not a concern.