Best Buy Co. Inc (BBY)
Debt-to-assets ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,152,000 | 1,130,000 | 1,145,000 | 1,155,000 | 1,160,000 | 1,142,000 | 1,184,000 | 1,170,000 | 1,216,000 | 1,223,000 | 1,243,000 | 1,229,000 | 1,253,000 | 1,256,000 | 632,000 | 621,000 | 1,257,000 | 1,239,000 | 1,247,000 | 1,193,000 |
| Total assets | US$ in thousands | 14,967,000 | 16,882,000 | 15,318,000 | 14,688,000 | 15,803,000 | 17,021,000 | 15,419,000 | 15,251,000 | 17,504,000 | 20,102,000 | 18,579,000 | 17,705,000 | 19,067,000 | 21,202,000 | 17,412,000 | 15,605,000 | 15,591,000 | 16,926,000 | 14,978,000 | 14,550,000 |
| Debt-to-assets ratio | 0.08 | 0.07 | 0.07 | 0.08 | 0.07 | 0.07 | 0.08 | 0.08 | 0.07 | 0.06 | 0.07 | 0.07 | 0.07 | 0.06 | 0.04 | 0.04 | 0.08 | 0.07 | 0.08 | 0.08 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,152,000K ÷ $14,967,000K
= 0.08
The debt-to-assets ratio of Best Buy Co. Inc has been relatively stable over the past few quarters, ranging from 0.04 to 0.08. This ratio indicates the proportion of the company's assets that are financed through debt. A lower ratio suggests that the company relies less on debt funding, which can be considered a positive indicator of financial health and stability.
In the most recent quarter, the debt-to-assets ratio was 0.08, which indicates that 8% of Best Buy's assets were financed through debt. It is slightly higher compared to the previous quarter but still within a reasonable range.
Overall, the company's debt-to-assets ratio suggests that Best Buy has been managing its debt levels prudently, balancing the use of debt to finance operations while maintaining a healthy level of asset coverage. This consistent and reasonable debt-to-assets ratio indicates a sound financial position and effective management of debt obligations by Best Buy Co. Inc.