Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Best Buy Co's Total Stockholders Equity for the quarter that ended in Oct. 2024 was $3,082 Mil. Best Buy Co's Total Assets for the quarter that ended in Oct. 2024 was $17,018 Mil.
Therefore, Best Buy Co's Equity to Asset Ratio for the quarter that ended in Oct. 2024 was 0.18.
The historical rank and industry rank for Best Buy Co's Equity-to-Asset or its related term are showing as below:
BBY'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.23 Max: 0.36
Current: 0.18
During the past 13 years, the highest Equity to Asset Ratio of Best Buy Co was 0.36. The lowest was 0.17. And the median was 0.23.
BBY's Equity-to-Asset is ranked worse than 85.19% of 1121
companies
in the Retail - Cyclical industry
Industry Median: 0.44
vs BBY: 0.18
Best Buy Co Equity-to-Asset Historical Data
The historical data trend for Best Buy Co's Equity-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.
Competitive Comparison of Best Buy Co's Equity-to-Asset
For the Specialty Retail subindustry, Best Buy Co's Equity-to-Asset, along with its competitors' market caps and Equity-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 Equity-to-Asset Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Best Buy Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Best Buy Co's Equity-to-Asset falls into.
Best Buy Co Equity-to-Asset Calculation
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 total stockholders equity by total asset.
Best Buy Co's Equity to Asset Ratio for the fiscal year 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 (NYSE:BBY) Equity-to-Asset 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 ROE % 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%.
Best Buy Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Best Buy Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, 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 US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
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