What is Best Buy Co Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Best Buy Co's interest expense for the
three
months ended in Jan. 2024 was $ -14 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-52 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Best Buy Co's Operating Income for the
three
months ended in Jan. 2024 was $ 730 Mil. Best Buy Co's Interest Expense for the
three
months ended in Jan. 2024 was $ -14 Mil.
Best Buy Co's Interest Coverage for the quarter that ended in Jan. 2024 was 52.14.
The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Best Buy Co Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-52 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Best Buy Co (NYSE:BBY) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Best Buy Co's Interest Expense for the
three
months ended in Jan. 2024 was $-14 Mil. Its
Operating Income
for the
three
months ended in Jan. 2024 was $730 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Jan. 2024 was $3,351 Mil.
Best Buy Co's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's financial strength is.
Best Buy Co (Best Buy Co) Business Description
Traded in Other Exchanges
Address
7601 Penn Avenue South, Richfield, MN, USA, 55423
With $46.3 billion in consolidated fiscal 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.5% share of the U.S. market and north of 35% share of offline sales, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
Executives
| Richard M Schulze |
10 percent owner |
BEST BUY CO INC, 7075 FLYING CLOUD DRIVE, EDEN PRAIRIE MN 55344 |
| Todd G. Hartman |
officer: GC, Chief Risk/Comp Officer |
7601 PENN AVENUE SOUTH, RICHFIELD MN 55423 |
| David C Kimbell |
director |
8410 W. BRYN MAWR, CHICAGO IL 60631 |
| Kathleen Scarlett |
officer: Chief Human Resources Officer |
7601 PENN AVE S, RICHFIELD MN 55423 |
| Jason J Bonfig |
officer: Chief Merchandising Officer |
7601 PENN AVENUE SOUTH, RICHFIELD MN 55423 |
| Matthew M Bilunas |
officer: Chief Financial Officer |
C/O BEST BUY CO., INC., 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423 |
| Barry Corie S |
officer: CFO |
7601 PENN AVE S., RICHFIELD MN 55423 |
| Mathew Watson |
officer: VP, Finance - Contr. & CAO |
7601 PENN AVENUE SOUTH, RICHFIELD MN 55423 |
| Damien Harmon |
officer: Pres., Omnichannel Ops & Serv |
7601 PENN AVENUE SOUTH, RICHFIELD MN 55423 |
| Sima Sistani |
director |
675 AVENUE OF THE AMERICAS, 6TH FLOOR, NEW YORK NY 10010 |
| Melinda D Whittington |
director |
THREE LAKES DRIVE, NORTHFIELD IL 60093 |
| Deborah Disanzo |
officer: President, Best Buy Health |
7601 PENN AVENUE SOUTH, RICHFIELD MN 55423 |
| Allison Peterson |
officer: Chief Customer Officer |
7601 PENN AVENUE SOUTH, RICHFIELD MN 55423 |
| Brian A Tilzer |
officer: Chief Digital & Tech Officer |
CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
| Mark A Irvin |
officer: Chief Supply Chain Officer |
7601 PENN AVENUE, RICHFIELD MN 55423 |
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