What is Best Buy Co Financial Strength?
Best Buy Co has the Financial Strength Rank of 7.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Best Buy Co's Interest Coverage for the quarter that ended in Jan. 2024 was 52.14.
Best Buy Co's debt to revenue ratio for the quarter that ended in Jan. 2024 was 0.07.
As of today, Best Buy Co's Altman Z-Score is 4.33.
Competitive Comparison of Best Buy Co's Financial Strength
For the Specialty Retail subindustry, Best Buy Co's Financial Strength, along with its competitors' market caps and Financial Strength 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 Financial Strength Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Best Buy Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Best Buy Co's Financial Strength falls into.
Best Buy Co Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). 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.
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 Interest Expense for the
months ended in Jan. 2024 was $-14 Mil. Its Operating Income for the
months ended in Jan. 2024 was $730 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $3,351 Mil.
Best Buy Co's Interest Coverage for the quarter that ended in Jan. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Best Buy Co's Debt to Revenue Ratio for the quarter that ended in Jan. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Best Buy Co has a Z-score of 4.33, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 4.33 is strong.
* 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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