Best Buy Co. Inc (BBY)
Debt-to-assets ratio
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,144,000 | 1,144,000 | 1,157,000 | 1,134,000 | 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 |
| Total assets | US$ in thousands | 14,782,000 | 17,018,000 | 15,624,000 | 14,752,000 | 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 |
| Debt-to-assets ratio | 0.08 | 0.07 | 0.07 | 0.08 | 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 |
February 1, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,144,000K ÷ $14,782,000K
= 0.08
The debt-to-assets ratio of Best Buy Co. Inc has shown a generally stable trend over the period from May 2, 2020, to February 1, 2025. The ratio started at 0.04 in May 2020 and remained relatively consistent at this level until October 31, 2020, when it slightly increased to 0.06. From January 30, 2021, to July 30, 2022, the ratio gradually increased to 0.08 by April 30, 2022.
Following that peak, there was a slight decline in the ratio to 0.07 by October 29, 2022. Subsequently, the ratio fluctuated between 0.07 and 0.08 until August 3, 2024. From November 2, 2024, to February 1, 2025, the ratio stabilized again at 0.08. The debt-to-assets ratio measures the proportion of a company's assets that are financed by debt, indicating the company's reliance on debt financing.
Overall, the trend in Best Buy's debt-to-assets ratio suggests that the company has maintained a conservative approach to debt financing, with relatively low levels of debt in relation to its total assets. The fluctuations in the ratio could be attributed to changes in the company's debt levels or asset composition over time.