Best Buy Co (BSP:BBYY34) Debt-to-Asset : 0.27 (As of Jan. 2024)

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What is Best Buy Co Debt-to-Asset?

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 Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jan. 2024 was R$73,611 Mil. Best Buy Co's debt to asset for the quarter that ended in Jan. 2024 was 0.27.

Best Buy Co Debt-to-Asset Historical Data

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

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Best Buy Co Debt-to-Asset Chart

Best Buy Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Asset

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0.26

0.21

0.23

0.25

0.27

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-Asset	Get a 7-Day Free Trial															0.25	0.27	0.26	0.24	0.27

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

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

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

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

Best Buy Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3103.384	+	16480.888)	/	73610.699
	=	0.27

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3103.384	+	16480.888)	/	73610.699
	=	0.27

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

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Best Buy Co Debt-to-Asset Related Terms

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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-Asset

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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