What is Best Buy Co Cash-to-Debt?
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Best Buy Co's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.36.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Best Buy Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.
The historical rank and industry rank for Best Buy Co's Cash-to-Debt or its related term are showing as below:
BBY'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 1.4 Max: 2.87
Current: 0.36
During the past 13 years, Best Buy Co's highest Cash to Debt Ratio was 2.87. The lowest was 0.36. And the median was 1.40.
Best Buy Co Cash-to-Debt Historical Data
The historical data trend for Best Buy Co's Cash-to-Debt can be seen below:
* 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Best Buy Co Cash-to-Debt Chart
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Best Buy Co Annual Data
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Trend |
Jan15 |
Jan16 |
Jan17 |
Jan18 |
Jan19 |
Jan20 |
Jan21 |
Jan22 |
Jan23 |
Jan24 |
| Cash-to-Debt |
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0.56 |
1.38 |
0.75 |
0.47 |
0.36 |
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Best Buy Co Quarterly Data
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Apr19 |
Jul19 |
Oct19 |
Jan20 |
Apr20 |
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
Jan24 |
| Cash-to-Debt |
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0.47 |
0.26 |
0.27 |
0.16 |
0.36 |
Competitive Comparison of Best Buy Co's Cash-to-Debt
For the Specialty Retail subindustry, Best Buy Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Best Buy Co's Cash-to-Debt Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Best Buy Co's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Best Buy Co's Cash-to-Debt falls into.
Best Buy Co Cash-to-Debt Calculation
This is the ratio of a company's
Cash, Cash Equivalents, Marketable Securities
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
Best Buy Co's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 is calculated as:
Best Buy Co's Cash to Debt Ratio 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.
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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