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Equity to Asset Ratio
0.33 (As of Jul. 2016)

Equity to Asset ratio is calculated as shareholders tangible equity divided by its total asset. Best Buy Co Inc's total equity for the quarter that ended in Jul. 2016 was \$4,319 Mil. Best Buy Co Inc's total assets for the quarter that ended in Jul. 2016 was \$13,254 Mil. Therefore, Best Buy Co Inc's Equity to Asset Ratio for the quarter that ended in Jul. 2016 was 0.33.

BBY' s Equity to Asset Range Over the Past 10 Years
Min: 0.2   Max: 0.48
Current: 0.29

0.2
0.48

During the past 13 years, the highest Equity to Asset Ratio of Best Buy Co Inc was 0.48. The lowest was 0.20. And the median was 0.34.

BBY's Equity to Asset is ranked lower than
78% of the 932 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.48 vs. BBY: 0.29 )

Definition

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing shareholders tangible equity divided by its total asset.

Best Buy Co Inc's Equity to Asset Ratio for the fiscal year that ended in Jan. 2016 is calculated as

 Equity to Asset (A: Jan. 2016 ) = Total Equity / Total Assets = 4378 / 13519 = 0.32

Best Buy Co Inc's Equity to Asset Ratio for the quarter that ended in Jul. 2016 is calculated as

 Equity to Asset (Q: Jul. 2016 ) = Total Equity / Total Assets = 4319 / 13254 = 0.33

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher Return on Equity because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Best Buy Co Inc Annual Data

 Feb07 Feb08 Feb09 Feb10 Feb11 Feb12 Jan13 Jan14 Jan15 Jan16 equity2asset 0.46 0.35 0.29 0.35 0.37 0.23 0.00 0.28 0.33 0.32

Best Buy Co Inc Quarterly Data

 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 equity2asset 0.32 0.29 0.33 0.36 0.34 0.31 0.32 0.34 0.33 0.29
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