Current Ratio
since 2005
Calculation
Best Buy Co. Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jan 29, 2022 | 0.99 | = | 10,539) | ÷ | 10,674) |
| Jan 30, 2021 | 1.19 | = | 12,540) | ÷ | 10,521) |
| Feb 1, 2020 | 1.10 | = | 8,857) | ÷ | 8,060) |
| Feb 2, 2019 | 1.18 | = | 8,870) | ÷ | 7,513) |
| Feb 3, 2018 | 1.26 | = | 9,829) | ÷ | 7,817) |
| Jan 28, 2017 | 1.48 | = | 10,516) | ÷ | 7,122) |
| Jan 30, 2016 | 1.43 | = | 9,886) | ÷ | 6,925) |
| Jan 31, 2015 | 1.51 | = | 11,729) | ÷ | 7,777) |
| Feb 1, 2014 | 1.41 | = | 10,485) | ÷ | 7,436) |
| Feb 2, 2013 | 1.11 | = | 12,047) | ÷ | 10,810) |
| Mar 3, 2012 | 1.16 | = | 10,297) | ÷ | 8,855) |
| Feb 26, 2011 | 1.21 | = | 10,473) | ÷ | 8,663) |
| Feb 27, 2010 | 1.18 | = | 10,566) | ÷ | 8,978) |
| Feb 28, 2009 | 0.97 | = | 8,192) | ÷ | 8,435) |
| Mar 1, 2008 | 1.08 | = | 7,342) | ÷ | 6,769) |
| Mar 3, 2007 | 1.44 | = | 9,081) | ÷ | 6,301) |
| Feb 25, 2006 | 1.32 | = | 7,985) | ÷ | 6,056) |
| Feb 26, 2005 | 1.39 | = | 6,903) | ÷ | 4,959) |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
1 US$ in millions
The data reveals notable fluctuations in current assets, current liabilities, and the current ratio over the analyzed periods. Current assets show an overall upward trend from 2005 until around 2007, reaching a peak at 9081 million US dollars, followed by a decline in 2008. After 2008, assets increased again significantly, peaking at 12047 million in 2013. Thereafter, the values generally declined with some variability, reaching around 10539 million by 2022.
In contrast, current liabilities have shown a relatively steady increase from 2005 to 2013, rising from 4959 million to 10810 million US dollars. After 2013, liabilities decreased somewhat by 2014 but then increased again, reaching their highest point of 10674 million by 2022.
The current ratio, which measures liquidity by comparing current assets to current liabilities, exhibits considerable variation. Initially, the ratio fluctuated around 1.3 to 1.4 until 2007, indicating a relatively comfortable liquidity position. A downward trend is observed starting in 2007, dipping below 1.0 in 2009 signaling potential liquidity concerns. From 2010 through 2015, the ratio improved consistently, peaking at 1.51 in 2014, suggesting a strengthened liquidity position. However, the ratio then declined gradually in subsequent years, ending just below 1.0 in 2022, the lowest observed point in the series, indicating tighter liquidity conditions toward the end of the period.
- Current Assets
- Increased overall with peaks in 2007 and 2013, followed by declines and fluctuations, ending slightly lower in 2022 compared to earlier peaks.
- Current Liabilities
- Displayed a general upward trend throughout most of the period, peaking in the most recent year, indicating growing short-term obligations.
- Current Ratio
- Displayed variability with initial fluctuations, a low point in 2009, recovery and strengthening liquidity until mid-2010s, and a decline in recent years reaching near or below one by 2022, suggesting liquidity pressure.
The patterns suggest that the company's liquidity position has been under strain in recent years, primarily due to rising current liabilities outpacing current assets. The lower current ratio in the latest period signals potential challenges in meeting short-term obligations without relying on additional financing or asset sales.
Comparison to Competitors
Best Buy Co. Inc., current ratio, long-term trends, comparison to competitors
| Best Buy Co. Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Jan 29, 2022 | 0.99 | 0.94 | 1.01 | 1.02 | 1.27 |
| Jan 30, 2021 | 1.19 | 1.14 | 1.23 | 1.19 | 1.46 |
| Feb 1, 2020 | 1.10 | 1.05 | 1.08 | 1.01 | 1.24 |
| Feb 2, 2019 | 1.18 | 1.10 | 1.11 | 0.98 | 1.53 |
| Feb 3, 2018 | 1.26 | 1.10 | 1.17 | 1.06 | 1.66 |
| Jan 28, 2017 | 1.48 | 1.04 | 1.25 | 1.00 | 1.63 |
| Jan 30, 2016 | 1.43 | 1.04 | 1.36 | 1.01 | 1.54 |
| Jan 31, 2015 | 1.51 | 1.08 | 1.36 | 1.08 | 1.71 |
| Feb 1, 2014 | 1.41 | 1.12 | 1.42 | 1.16 | 1.72 |
| Feb 2, 2013 | 1.11 | 1.07 | 1.34 | 1.27 | 1.52 |
| Mar 3, 2012 | 1.16 | 1.12 | 1.55 | 1.28 | 1.68 |
| Feb 26, 2011 | 1.21 | 1.17 | 1.33 | 1.40 | 1.63 |
| Feb 27, 2010 | 1.18 | 1.33 | 1.34 | 1.32 | 1.66 |
| Feb 28, 2009 | 0.97 | 1.33 | 1.20 | 1.15 | 1.31 |
| Mar 1, 2008 | 1.08 | 1.30 | 1.15 | 1.12 | 1.45 |
| Mar 3, 2007 | 1.44 | 1.39 | 1.39 | 1.27 | 1.57 |
| Feb 25, 2006 | 1.32 | 1.33 | 1.19 | 1.34 | 1.39 |
| Feb 26, 2005 | 1.39 | 1.52 | 1.35 | 1.22 | 1.32 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Best Buy Co. Inc., current ratio, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Best Buy Co. Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 29, 2022 | 0.99 | 0.98 |
| Jan 30, 2021 | 1.19 | 1.17 |
| Feb 1, 2020 | 1.10 | 1.06 |
| Feb 2, 2019 | 1.18 | 1.10 |
| Feb 3, 2018 | 1.26 | 1.13 |
| Jan 28, 2017 | 1.48 | 1.10 |
| Jan 30, 2016 | 1.43 | 1.12 |
| Jan 31, 2015 | 1.51 | 1.17 |
| Feb 1, 2014 | 1.41 | 1.23 |
| Feb 2, 2013 | 1.11 | 1.21 |
| Mar 3, 2012 | 1.16 | 1.30 |
| Feb 26, 2011 | 1.21 | 1.31 |
| Feb 27, 2010 | 1.18 | 1.36 |
| Feb 28, 2009 | 0.97 | 1.23 |
| Mar 1, 2008 | 1.08 | 1.20 |
| Mar 3, 2007 | 1.44 | 1.38 |
| Feb 25, 2006 | 1.32 | 1.26 |
| Feb 26, 2005 | 1.39 | 1.32 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Industry (Consumer Discretionary)
Best Buy Co. Inc., current ratio, long-term trends, comparison to industry (consumer discretionary)
| Best Buy Co. Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 29, 2022 | 0.99 | 1.15 |
| Jan 30, 2021 | 1.19 | 1.25 |
| Feb 1, 2020 | 1.10 | 1.18 |
| Feb 2, 2019 | 1.18 | 1.10 |
| Feb 3, 2018 | 1.26 | 1.15 |
| Jan 28, 2017 | 1.48 | 1.15 |
| Jan 30, 2016 | 1.43 | 1.12 |
| Jan 31, 2015 | 1.51 | 1.25 |
| Feb 1, 2014 | 1.41 | 1.11 |
| Feb 2, 2013 | 1.11 | 1.15 |
| Mar 3, 2012 | 1.16 | 1.14 |
| Feb 26, 2011 | 1.21 | 1.31 |
| Feb 27, 2010 | 1.18 | 1.24 |
| Feb 28, 2009 | 0.97 | 1.25 |
| Mar 1, 2008 | 1.08 | 0.96 |
| Mar 3, 2007 | 1.44 | 1.21 |
| Feb 25, 2006 | 1.32 | 1.15 |
| Feb 26, 2005 | 1.39 | 1.10 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).