Best Buy Co (BSP:BBYY34) Debt-to-Equity : 1.30 (As of Jan. 2024)

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What is Best Buy Co Debt-to-Equity?

Best Buy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was R$3,103 Mil. Best Buy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was R$16,481 Mil. Best Buy Co's Total Stockholders Equity for the quarter that ended in Jan. 2024 was R$15,015 Mil. Best Buy Co's debt to equity for the quarter that ended in Jan. 2024 was 1.30.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Best Buy Co's Debt-to-Equity or its related term are showing as below:

BSP:BBYY34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.65 Max: 1.42
Current: 1.3

During the past 13 years, the highest Debt-to-Equity Ratio of Best Buy Co was 1.42. The lowest was 0.29. And the median was 0.65.

BSP:BBYY34's Debt-to-Equity is ranked worse than
76.2% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs BSP:BBYY34: 1.30

Best Buy Co Debt-to-Equity Historical Data

The historical data trend for Best Buy Co's Debt-to-Equity 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.

* Premium members only.

Best Buy Co Debt-to-Equity Chart

Best Buy Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

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1.14

0.87

1.30

1.42

1.30

Best Buy Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															1.42	1.41	1.42	1.43	1.30

Competitive Comparison of Best Buy Co's Debt-to-Equity

For the Specialty Retail subindustry, Best Buy Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Best Buy Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Best Buy Co's Debt-to-Equity falls into.

Best Buy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Best Buy Co's Debt to Equity Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3103.384	+	16480.888)	/	15015.265
	=	1.30

Best Buy Co's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3103.384	+	16480.888)	/	15015.265
	=	1.30

Best Buy Co (BSP:BBYY34) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Best Buy Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Best Buy Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Best Buy Co (BSP:BBYY34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best Buy Co Inc (BSP:BBYY34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BBY:USA BBY:Mexico BUY:Germany

Address

7601 Penn Avenue South, Richfield, MN, USA, 55423

Website

https://www.investors.bestbuy.com

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.

Best Buy Co (BSP:BBYY34) Headlines

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