Analysis of Debt

Best Buy Co. Inc., balance sheet: debt

US$ in millions

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Short-term debt	—)	110)	—)	—)	—)	—)
Current portion of long-term debt	13)	14)	14)	56)	544)	44)
Long-term debt, excluding current portion	1,216)	1,253)	1,257)	1,332)	811)	1,321)
Total total debt (carrying amount)	1,229)	1,377)	1,271)	1,388)	1,355)	1,365)

Download chart

Debt item	Description	The company
Total total debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Best Buy Co. Inc. total debt increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.

	Jan 29, 2022
Selected Financial Data (US$ in millions)
Short-term debt	—)
Long-term debt, excluding finance lease obligations	1,205)
Finance lease obligations	40)
Total total debt (fair value)	1,245)
Financial Ratio
Debt, fair value to carrying amount ratio	1.01

Weighted-average interest rate on debt: 3.02%

Interest rate	Debt amount¹	Interest rate × Debt amount
4.45%	500)	22)
1.95%	650)	13)
2.40%	40)	1)
Total	1,190)	36)
3.02%

¹ US$ in millions

² Weighted-average interest rate = 100 × 36 ÷ 1,190 = 3.02%

Best Buy Co. Inc. (NYSE:BBY)