Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Best Buy Co. Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Best Buy Co. Inc. debt to equity ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Best Buy Co. Inc. debt to equity ratio (including operating lease liability) improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Best Buy Co. Inc. debt to capital ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Best Buy Co. Inc. debt to capital ratio (including operating lease liability) improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Best Buy Co. Inc. debt to assets ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Best Buy Co. Inc. debt to assets ratio (including operating lease liability) deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Best Buy Co. Inc. financial leverage ratio decreased from Q1 2023 to Q2 2023 but then increased from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Best Buy Co. Inc. interest coverage ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Debt to Equity
Best Buy Co. Inc., debt to equity calculation (quarterly data)
| 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 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | 110) | 110) | 110) | —) | —) | 1,250) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term debt | 16) | 15) | 15) | 13) | 15) | 14) | 15) | 14) | 670) | 681) | 673) | 14) | 14) | 14) | 14) | 56) | 46) | 47) | 550) | 544) | 545) | 44) | 45) | 44) | 43) | 43) | 44) | ||||||||
| Long-term debt, excluding current portion | 1,142) | 1,184) | 1,170) | 1,216) | 1,223) | 1,243) | 1,229) | 1,253) | 1,256) | 632) | 621) | 1,257) | 1,239) | 1,247) | 1,193) | 1,332) | 1,280) | 801) | 792) | 811) | 784) | 1,310) | 1,302) | 1,321) | 1,324) | 1,341) | 1,334) | ||||||||
| Total debt | 1,158) | 1,199) | 1,185) | 1,229) | 1,238) | 1,367) | 1,354) | 1,377) | 1,926) | 1,313) | 2,544) | 1,271) | 1,253) | 1,261) | 1,207) | 1,388) | 1,326) | 848) | 1,342) | 1,355) | 1,329) | 1,354) | 1,347) | 1,365) | 1,367) | 1,384) | 1,378) | ||||||||
| Equity | 2,993) | 2,892) | 2,767) | 3,020) | 4,278) | 4,335) | 4,158) | 4,587) | 4,086) | 3,778) | 3,410) | 3,479) | 3,125) | 3,285) | 3,354) | 3,306) | 3,012) | 3,186) | 3,420) | 3,612) | 4,152) | 4,347) | 4,499) | 4,709) | 4,261) | 4,319) | 4,426) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to equity1 | 0.39 | 0.41 | 0.43 | 0.41 | 0.29 | 0.32 | 0.33 | 0.30 | 0.47 | 0.35 | 0.75 | 0.37 | 0.40 | 0.38 | 0.36 | 0.42 | 0.44 | 0.27 | 0.39 | 0.38 | 0.32 | 0.31 | 0.30 | 0.29 | 0.32 | 0.32 | 0.31 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 0.43 | 0.48 | 0.54 | 0.59 | 0.58 | 0.62 | 0.53 | 0.54 | 0.63 | 0.67 | 0.58 | 0.66 | 0.73 | 0.83 | 0.78 | 0.83 | 0.90 | 0.93 | 0.99 | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 33.10 | 173.11 | — | — | 37.82 | 17.48 | 20.52 | 11.29 | 23.01 | — | — | — | — | — | — | — | 19.53 | 12.69 | 15.29 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | — | — | — | — | — | — | 52.23 | 15.16 | 5.35 | 5.01 | 12.71 | 9.79 | 7.26 | 6.65 | 5.42 | 4.45 | 2.89 | 2.74 | 2.76 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 0.59 | 0.62 | 0.60 | 0.56 | 0.52 | 0.52 | 0.87 | 1.04 | 1.11 | 1.33 | 1.52 | 0.38 | 0.40 | 0.42 | 0.44 | 0.44 | 0.42 | 0.43 | 0.42 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Debt to equity = Total debt ÷ Equity
= 1,158 ÷ 2,993 = 0.39
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Best Buy Co. Inc. debt to equity ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Debt to Equity (including Operating Lease Liability)
Best Buy Co. Inc., debt to equity (including operating lease liability) calculation (quarterly data)
| 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 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | 110) | 110) | 110) | —) | —) | 1,250) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term debt | 16) | 15) | 15) | 13) | 15) | 14) | 15) | 14) | 670) | 681) | 673) | 14) | 14) | 14) | 14) | 56) | 46) | 47) | 550) | 544) | 545) | 44) | 45) | 44) | 43) | 43) | 44) | ||||||||
| Long-term debt, excluding current portion | 1,142) | 1,184) | 1,170) | 1,216) | 1,223) | 1,243) | 1,229) | 1,253) | 1,256) | 632) | 621) | 1,257) | 1,239) | 1,247) | 1,193) | 1,332) | 1,280) | 801) | 792) | 811) | 784) | 1,310) | 1,302) | 1,321) | 1,324) | 1,341) | 1,334) | ||||||||
| Total debt | 1,158) | 1,199) | 1,185) | 1,229) | 1,238) | 1,367) | 1,354) | 1,377) | 1,926) | 1,313) | 2,544) | 1,271) | 1,253) | 1,261) | 1,207) | 1,388) | 1,326) | 848) | 1,342) | 1,355) | 1,329) | 1,354) | 1,347) | 1,365) | 1,367) | 1,384) | 1,378) | ||||||||
| Current portion of operating lease liabilities | 638) | 629) | 636) | 648) | 645) | 643) | 654) | 693) | 685) | 674) | 683) | 660) | 644) | 643) | 639) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term operating lease liabilities, excluding current portion | 2,216) | 2,221) | 2,121) | 2,061) | 2,102) | 2,090) | 1,983) | 2,012) | 2,117) | 2,206) | 2,076) | 2,138) | 2,200) | 2,230) | 2,173) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 4,012) | 4,049) | 3,942) | 3,938) | 3,985) | 4,100) | 3,991) | 4,082) | 4,728) | 4,193) | 5,303) | 4,069) | 4,097) | 4,134) | 4,019) | 1,388) | 1,326) | 848) | 1,342) | 1,355) | 1,329) | 1,354) | 1,347) | 1,365) | 1,367) | 1,384) | 1,378) | ||||||||
| Equity | 2,993) | 2,892) | 2,767) | 3,020) | 4,278) | 4,335) | 4,158) | 4,587) | 4,086) | 3,778) | 3,410) | 3,479) | 3,125) | 3,285) | 3,354) | 3,306) | 3,012) | 3,186) | 3,420) | 3,612) | 4,152) | 4,347) | 4,499) | 4,709) | 4,261) | 4,319) | 4,426) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 1.34 | 1.40 | 1.42 | 1.30 | 0.93 | 0.95 | 0.96 | 0.89 | 1.16 | 1.11 | 1.56 | 1.17 | 1.31 | 1.26 | 1.20 | 0.42 | 0.44 | 0.27 | 0.39 | 0.38 | 0.32 | 0.31 | 0.30 | 0.29 | 0.32 | 0.32 | 0.31 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 0.84 | 0.91 | 1.00 | 1.06 | 1.05 | 1.08 | 0.97 | 0.96 | 1.07 | 1.07 | 0.98 | 1.08 | 1.16 | 1.23 | 1.20 | 1.25 | 1.32 | 1.35 | 1.43 | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 38.30 | 199.91 | — | — | 43.73 | 20.47 | 23.99 | 13.16 | 26.74 | — | — | — | — | — | — | — | 19.53 | 12.69 | 15.29 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | — | — | — | — | — | — | 62.29 | 18.24 | 6.44 | 6.01 | 15.28 | 12.04 | 9.07 | 8.37 | 6.83 | 4.45 | 2.89 | 2.74 | 2.76 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 2.23 | 2.34 | 2.27 | 2.08 | 1.99 | 2.01 | 2.42 | 2.66 | 2.81 | 3.36 | 3.48 | 1.93 | 2.07 | 2.14 | 2.18 | 0.44 | 0.42 | 0.43 | 0.42 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Equity
= 4,012 ÷ 2,993 = 1.34
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Best Buy Co. Inc. debt to equity ratio (including operating lease liability) improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Debt to Capital
Best Buy Co. Inc., debt to capital calculation (quarterly data)
| 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 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | 110) | 110) | 110) | —) | —) | 1,250) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term debt | 16) | 15) | 15) | 13) | 15) | 14) | 15) | 14) | 670) | 681) | 673) | 14) | 14) | 14) | 14) | 56) | 46) | 47) | 550) | 544) | 545) | 44) | 45) | 44) | 43) | 43) | 44) | ||||||||
| Long-term debt, excluding current portion | 1,142) | 1,184) | 1,170) | 1,216) | 1,223) | 1,243) | 1,229) | 1,253) | 1,256) | 632) | 621) | 1,257) | 1,239) | 1,247) | 1,193) | 1,332) | 1,280) | 801) | 792) | 811) | 784) | 1,310) | 1,302) | 1,321) | 1,324) | 1,341) | 1,334) | ||||||||
| Total debt | 1,158) | 1,199) | 1,185) | 1,229) | 1,238) | 1,367) | 1,354) | 1,377) | 1,926) | 1,313) | 2,544) | 1,271) | 1,253) | 1,261) | 1,207) | 1,388) | 1,326) | 848) | 1,342) | 1,355) | 1,329) | 1,354) | 1,347) | 1,365) | 1,367) | 1,384) | 1,378) | ||||||||
| Equity | 2,993) | 2,892) | 2,767) | 3,020) | 4,278) | 4,335) | 4,158) | 4,587) | 4,086) | 3,778) | 3,410) | 3,479) | 3,125) | 3,285) | 3,354) | 3,306) | 3,012) | 3,186) | 3,420) | 3,612) | 4,152) | 4,347) | 4,499) | 4,709) | 4,261) | 4,319) | 4,426) | ||||||||
| Total capital | 4,151) | 4,091) | 3,952) | 4,249) | 5,516) | 5,702) | 5,512) | 5,964) | 6,012) | 5,091) | 5,954) | 4,750) | 4,378) | 4,546) | 4,561) | 4,694) | 4,338) | 4,034) | 4,762) | 4,967) | 5,481) | 5,701) | 5,846) | 6,074) | 5,628) | 5,703) | 5,804) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to capital1 | 0.28 | 0.29 | 0.30 | 0.29 | 0.22 | 0.24 | 0.25 | 0.23 | 0.32 | 0.26 | 0.43 | 0.27 | 0.29 | 0.28 | 0.26 | 0.30 | 0.31 | 0.21 | 0.28 | 0.27 | 0.24 | 0.24 | 0.23 | 0.22 | 0.24 | 0.24 | 0.24 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 0.30 | 0.32 | 0.35 | 0.37 | 0.37 | 0.38 | 0.35 | 0.35 | 0.39 | 0.40 | 0.37 | 0.40 | 0.42 | 0.45 | 0.44 | 0.45 | 0.47 | 0.48 | 0.50 | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 0.97 | 0.99 | 1.04 | 1.04 | 0.97 | 0.95 | 0.95 | 0.92 | 0.96 | 1.01 | 1.11 | 1.11 | 1.04 | 1.04 | 1.08 | 1.07 | 0.95 | 0.93 | 0.94 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 1.62 | 1.41 | 1.31 | 1.24 | 1.06 | 1.01 | 0.98 | 0.94 | 0.84 | 0.83 | 0.93 | 0.91 | 0.88 | 0.87 | 0.84 | 0.82 | 0.74 | 0.73 | 0.73 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 0.37 | 0.38 | 0.37 | 0.36 | 0.34 | 0.34 | 0.46 | 0.51 | 0.53 | 0.57 | 0.60 | 0.27 | 0.29 | 0.30 | 0.30 | 0.31 | 0.30 | 0.30 | 0.30 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 1,158 ÷ 4,151 = 0.28
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Best Buy Co. Inc. debt to capital ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Debt to Capital (including Operating Lease Liability)
Best Buy Co. Inc., debt to capital (including operating lease liability) calculation (quarterly data)
| 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 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | 110) | 110) | 110) | —) | —) | 1,250) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term debt | 16) | 15) | 15) | 13) | 15) | 14) | 15) | 14) | 670) | 681) | 673) | 14) | 14) | 14) | 14) | 56) | 46) | 47) | 550) | 544) | 545) | 44) | 45) | 44) | 43) | 43) | 44) | ||||||||
| Long-term debt, excluding current portion | 1,142) | 1,184) | 1,170) | 1,216) | 1,223) | 1,243) | 1,229) | 1,253) | 1,256) | 632) | 621) | 1,257) | 1,239) | 1,247) | 1,193) | 1,332) | 1,280) | 801) | 792) | 811) | 784) | 1,310) | 1,302) | 1,321) | 1,324) | 1,341) | 1,334) | ||||||||
| Total debt | 1,158) | 1,199) | 1,185) | 1,229) | 1,238) | 1,367) | 1,354) | 1,377) | 1,926) | 1,313) | 2,544) | 1,271) | 1,253) | 1,261) | 1,207) | 1,388) | 1,326) | 848) | 1,342) | 1,355) | 1,329) | 1,354) | 1,347) | 1,365) | 1,367) | 1,384) | 1,378) | ||||||||
| Current portion of operating lease liabilities | 638) | 629) | 636) | 648) | 645) | 643) | 654) | 693) | 685) | 674) | 683) | 660) | 644) | 643) | 639) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term operating lease liabilities, excluding current portion | 2,216) | 2,221) | 2,121) | 2,061) | 2,102) | 2,090) | 1,983) | 2,012) | 2,117) | 2,206) | 2,076) | 2,138) | 2,200) | 2,230) | 2,173) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 4,012) | 4,049) | 3,942) | 3,938) | 3,985) | 4,100) | 3,991) | 4,082) | 4,728) | 4,193) | 5,303) | 4,069) | 4,097) | 4,134) | 4,019) | 1,388) | 1,326) | 848) | 1,342) | 1,355) | 1,329) | 1,354) | 1,347) | 1,365) | 1,367) | 1,384) | 1,378) | ||||||||
| Equity | 2,993) | 2,892) | 2,767) | 3,020) | 4,278) | 4,335) | 4,158) | 4,587) | 4,086) | 3,778) | 3,410) | 3,479) | 3,125) | 3,285) | 3,354) | 3,306) | 3,012) | 3,186) | 3,420) | 3,612) | 4,152) | 4,347) | 4,499) | 4,709) | 4,261) | 4,319) | 4,426) | ||||||||
| Total capital (including operating lease liability) | 7,005) | 6,941) | 6,709) | 6,958) | 8,263) | 8,435) | 8,149) | 8,669) | 8,814) | 7,971) | 8,713) | 7,548) | 7,222) | 7,419) | 7,373) | 4,694) | 4,338) | 4,034) | 4,762) | 4,967) | 5,481) | 5,701) | 5,846) | 6,074) | 5,628) | 5,703) | 5,804) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.57 | 0.58 | 0.59 | 0.57 | 0.48 | 0.49 | 0.49 | 0.47 | 0.54 | 0.53 | 0.61 | 0.54 | 0.57 | 0.56 | 0.55 | 0.30 | 0.31 | 0.21 | 0.28 | 0.27 | 0.24 | 0.24 | 0.23 | 0.22 | 0.24 | 0.24 | 0.24 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 0.46 | 0.48 | 0.50 | 0.51 | 0.51 | 0.52 | 0.49 | 0.49 | 0.52 | 0.52 | 0.49 | 0.52 | 0.54 | 0.55 | 0.54 | 0.56 | 0.57 | 0.57 | 0.59 | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 0.97 | 1.00 | 1.04 | 1.04 | 0.98 | 0.95 | 0.96 | 0.93 | 0.96 | 1.01 | 1.09 | 1.09 | 1.03 | 1.03 | 1.07 | 1.07 | 0.95 | 0.93 | 0.94 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 1.51 | 1.34 | 1.26 | 1.20 | 1.05 | 1.01 | 0.98 | 0.95 | 0.87 | 0.86 | 0.94 | 0.92 | 0.90 | 0.89 | 0.87 | 0.82 | 0.74 | 0.73 | 0.73 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 0.69 | 0.70 | 0.69 | 0.68 | 0.67 | 0.67 | 0.71 | 0.73 | 0.74 | 0.77 | 0.78 | 0.66 | 0.67 | 0.68 | 0.69 | 0.31 | 0.30 | 0.30 | 0.30 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 4,012 ÷ 7,005 = 0.57
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Best Buy Co. Inc. debt to capital ratio (including operating lease liability) improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Debt to Assets
Best Buy Co. Inc., debt to assets calculation (quarterly data)
| 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 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | 110) | 110) | 110) | —) | —) | 1,250) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term debt | 16) | 15) | 15) | 13) | 15) | 14) | 15) | 14) | 670) | 681) | 673) | 14) | 14) | 14) | 14) | 56) | 46) | 47) | 550) | 544) | 545) | 44) | 45) | 44) | 43) | 43) | 44) | ||||||||
| Long-term debt, excluding current portion | 1,142) | 1,184) | 1,170) | 1,216) | 1,223) | 1,243) | 1,229) | 1,253) | 1,256) | 632) | 621) | 1,257) | 1,239) | 1,247) | 1,193) | 1,332) | 1,280) | 801) | 792) | 811) | 784) | 1,310) | 1,302) | 1,321) | 1,324) | 1,341) | 1,334) | ||||||||
| Total debt | 1,158) | 1,199) | 1,185) | 1,229) | 1,238) | 1,367) | 1,354) | 1,377) | 1,926) | 1,313) | 2,544) | 1,271) | 1,253) | 1,261) | 1,207) | 1,388) | 1,326) | 848) | 1,342) | 1,355) | 1,329) | 1,354) | 1,347) | 1,365) | 1,367) | 1,384) | 1,378) | ||||||||
| Total assets | 17,021) | 15,419) | 15,251) | 17,504) | 20,102) | 18,579) | 17,705) | 19,067) | 21,202) | 17,412) | 15,605) | 15,591) | 16,926) | 14,978) | 14,550) | 12,901) | 15,000) | 11,993) | 12,082) | 13,049) | 14,785) | 13,444) | 12,955) | 13,856) | 14,542) | 13,254) | 12,901) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to assets1 | 0.07 | 0.08 | 0.08 | 0.07 | 0.06 | 0.07 | 0.08 | 0.07 | 0.09 | 0.08 | 0.16 | 0.08 | 0.07 | 0.08 | 0.08 | 0.11 | 0.09 | 0.07 | 0.11 | 0.10 | 0.09 | 0.10 | 0.10 | 0.10 | 0.09 | 0.10 | 0.11 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 0.16 | 0.17 | 0.18 | 0.19 | 0.19 | 0.19 | 0.17 | 0.18 | 0.20 | 0.21 | 0.19 | 0.19 | 0.22 | 0.24 | 0.23 | 0.23 | 0.25 | 0.26 | 0.27 | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 0.56 | 0.54 | 0.54 | 0.56 | 0.54 | 0.51 | 0.49 | 0.53 | 0.53 | 0.55 | 0.61 | 0.61 | 0.56 | 0.55 | 0.55 | 0.66 | 0.57 | 0.55 | 0.55 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 0.71 | 0.62 | 0.58 | 0.55 | 0.53 | 0.49 | 0.45 | 0.47 | 0.43 | 0.42 | 0.48 | 0.49 | 0.45 | 0.43 | 0.41 | 0.47 | 0.42 | 0.43 | 0.41 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 0.12 | 0.12 | 0.12 | 0.12 | 0.11 | 0.12 | 0.18 | 0.20 | 0.20 | 0.23 | 0.28 | 0.09 | 0.09 | 0.10 | 0.10 | 0.16 | 0.15 | 0.16 | 0.16 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 1,158 ÷ 17,021 = 0.07
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Best Buy Co. Inc. debt to assets ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
Debt to Assets (including Operating Lease Liability)
Best Buy Co. Inc., debt to assets (including operating lease liability) calculation (quarterly data)
| 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 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | 110) | 110) | 110) | —) | —) | 1,250) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Current portion of long-term debt | 16) | 15) | 15) | 13) | 15) | 14) | 15) | 14) | 670) | 681) | 673) | 14) | 14) | 14) | 14) | 56) | 46) | 47) | 550) | 544) | 545) | 44) | 45) | 44) | 43) | 43) | 44) | ||||||||
| Long-term debt, excluding current portion | 1,142) | 1,184) | 1,170) | 1,216) | 1,223) | 1,243) | 1,229) | 1,253) | 1,256) | 632) | 621) | 1,257) | 1,239) | 1,247) | 1,193) | 1,332) | 1,280) | 801) | 792) | 811) | 784) | 1,310) | 1,302) | 1,321) | 1,324) | 1,341) | 1,334) | ||||||||
| Total debt | 1,158) | 1,199) | 1,185) | 1,229) | 1,238) | 1,367) | 1,354) | 1,377) | 1,926) | 1,313) | 2,544) | 1,271) | 1,253) | 1,261) | 1,207) | 1,388) | 1,326) | 848) | 1,342) | 1,355) | 1,329) | 1,354) | 1,347) | 1,365) | 1,367) | 1,384) | 1,378) | ||||||||
| Current portion of operating lease liabilities | 638) | 629) | 636) | 648) | 645) | 643) | 654) | 693) | 685) | 674) | 683) | 660) | 644) | 643) | 639) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term operating lease liabilities, excluding current portion | 2,216) | 2,221) | 2,121) | 2,061) | 2,102) | 2,090) | 1,983) | 2,012) | 2,117) | 2,206) | 2,076) | 2,138) | 2,200) | 2,230) | 2,173) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 4,012) | 4,049) | 3,942) | 3,938) | 3,985) | 4,100) | 3,991) | 4,082) | 4,728) | 4,193) | 5,303) | 4,069) | 4,097) | 4,134) | 4,019) | 1,388) | 1,326) | 848) | 1,342) | 1,355) | 1,329) | 1,354) | 1,347) | 1,365) | 1,367) | 1,384) | 1,378) | ||||||||
| Total assets | 17,021) | 15,419) | 15,251) | 17,504) | 20,102) | 18,579) | 17,705) | 19,067) | 21,202) | 17,412) | 15,605) | 15,591) | 16,926) | 14,978) | 14,550) | 12,901) | 15,000) | 11,993) | 12,082) | 13,049) | 14,785) | 13,444) | 12,955) | 13,856) | 14,542) | 13,254) | 12,901) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.24 | 0.26 | 0.26 | 0.22 | 0.20 | 0.22 | 0.23 | 0.21 | 0.22 | 0.24 | 0.34 | 0.26 | 0.24 | 0.28 | 0.28 | 0.11 | 0.09 | 0.07 | 0.11 | 0.10 | 0.09 | 0.10 | 0.10 | 0.10 | 0.09 | 0.10 | 0.11 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 0.32 | 0.32 | 0.33 | 0.33 | 0.34 | 0.34 | 0.32 | 0.31 | 0.34 | 0.34 | 0.31 | 0.31 | 0.34 | 0.35 | 0.35 | 0.34 | 0.37 | 0.37 | 0.39 | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 0.65 | 0.62 | 0.62 | 0.64 | 0.62 | 0.60 | 0.58 | 0.62 | 0.61 | 0.64 | 0.71 | 0.73 | 0.67 | 0.66 | 0.66 | 0.66 | 0.57 | 0.55 | 0.55 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 0.81 | 0.72 | 0.68 | 0.66 | 0.63 | 0.58 | 0.54 | 0.56 | 0.52 | 0.51 | 0.57 | 0.60 | 0.56 | 0.54 | 0.51 | 0.47 | 0.42 | 0.43 | 0.41 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 0.44 | 0.47 | 0.46 | 0.44 | 0.43 | 0.45 | 0.49 | 0.50 | 0.50 | 0.59 | 0.65 | 0.47 | 0.47 | 0.50 | 0.50 | 0.16 | 0.15 | 0.16 | 0.16 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 4,012 ÷ 17,021 = 0.24
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Best Buy Co. Inc. debt to assets ratio (including operating lease liability) deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
Financial Leverage
Best Buy Co. Inc., financial leverage calculation (quarterly data)
| 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 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Total assets | 17,021) | 15,419) | 15,251) | 17,504) | 20,102) | 18,579) | 17,705) | 19,067) | 21,202) | 17,412) | 15,605) | 15,591) | 16,926) | 14,978) | 14,550) | 12,901) | 15,000) | 11,993) | 12,082) | 13,049) | 14,785) | 13,444) | 12,955) | 13,856) | 14,542) | 13,254) | 12,901) | ||||||||
| Equity | 2,993) | 2,892) | 2,767) | 3,020) | 4,278) | 4,335) | 4,158) | 4,587) | 4,086) | 3,778) | 3,410) | 3,479) | 3,125) | 3,285) | 3,354) | 3,306) | 3,012) | 3,186) | 3,420) | 3,612) | 4,152) | 4,347) | 4,499) | 4,709) | 4,261) | 4,319) | 4,426) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Financial leverage1 | 5.69 | 5.33 | 5.51 | 5.80 | 4.70 | 4.29 | 4.26 | 4.16 | 5.19 | 4.61 | 4.58 | 4.48 | 5.42 | 4.56 | 4.34 | 3.90 | 4.98 | 3.76 | 3.53 | 3.61 | 3.56 | 3.09 | 2.88 | 2.94 | 3.41 | 3.07 | 2.91 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 2.66 | 2.83 | 3.01 | 3.17 | 3.12 | 3.19 | 3.07 | 3.04 | 3.17 | 3.14 | 3.13 | 3.44 | 3.41 | 3.50 | 3.39 | 3.63 | 3.52 | 3.61 | 3.68 | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 59.22 | 319.94 | — | — | 70.56 | 34.20 | 41.51 | 21.39 | 43.60 | — | — | — | — | — | — | — | 34.24 | 23.01 | 27.65 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | — | — | — | — | — | — | 115.06 | 32.52 | 12.49 | 11.88 | 26.71 | 20.02 | 16.18 | 15.41 | 13.36 | 9.47 | 6.81 | 6.42 | 6.66 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 5.02 | 5.02 | 4.95 | 4.74 | 4.67 | 4.49 | 4.94 | 5.28 | 5.67 | 5.70 | 5.36 | 4.06 | 4.38 | 4.31 | 4.38 | 2.84 | 2.86 | 2.70 | 2.66 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Financial leverage = Total assets ÷ Equity
= 17,021 ÷ 2,993 = 5.69
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Best Buy Co. Inc. financial leverage ratio decreased from Q1 2023 to Q2 2023 but then increased from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
Interest Coverage
Best Buy Co. Inc., interest coverage calculation (quarterly data)
| 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 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Net earnings | 277) | 306) | 341) | 626) | 499) | 734) | 595) | 816) | 391) | 432) | 159) | 745) | 293) | 238) | 265) | 735) | 277) | 244) | 208) | 364) | 239) | 209) | 188) | 607) | 194) | 198) | 229) | ||||||||
| Less: Gain from discontinued operations, net of tax | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 1) | —) | —) | —) | 2) | 16) | 3) | ||||||||
| Add: Income tax expense | 84) | 58) | 110) | 172) | 166) | 64) | 172) | 227) | 164) | 129) | 59) | 222) | 96) | 69) | 65) | 237) | 53) | 85) | 49) | 509) | 104) | 101) | 104) | 266) | 112) | 97) | 134) | ||||||||
| Add: Interest expense | 10) | 7) | 6) | 6) | 7) | 6) | 6) | 9) | 11) | 15) | 17) | 14) | 16) | 16) | 18) | 20) | 15) | 19) | 19) | 18) | 20) | 18) | 19) | 18) | 16) | 18) | 20) | ||||||||
| Earnings before interest and tax (EBIT) | 371) | 371) | 457) | 804) | 672) | 804) | 773) | 1,052) | 566) | 576) | 235) | 981) | 405) | 323) | 348) | 992) | 345) | 348) | 276) | 891) | 362) | 328) | 311) | 891) | 320) | 297) | 380) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Interest coverage1 | 69.07 | 88.62 | 109.48 | 122.12 | 117.89 | 99.84 | 72.37 | 46.71 | 41.37 | 35.44 | 30.86 | 32.14 | 29.54 | 29.10 | 28.24 | 26.86 | 26.20 | 24.70 | 24.76 | 25.23 | 25.23 | 26.06 | 25.62 | 26.22 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 8.24 | 5.60 | 2.27 | -1.51 | 5.61 | 6.57 | 13.02 | 22.09 | 18.81 | 21.05 | 19.96 | 15.69 | 13.12 | 10.78 | 8.85 | 9.73 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 16.02 | 16.58 | 16.83 | 17.14 | 16.63 | 15.94 | 15.29 | 13.60 | 13.38 | 13.08 | 12.61 | 13.25 | 13.68 | 14.26 | 14.67 | 14.85 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).
1 Q3 2023 Calculation
Interest coverage
= (EBITQ3 2023
+ EBITQ2 2023
+ EBITQ1 2023
+ EBITQ4 2022)
÷ (Interest expenseQ3 2023
+ Interest expenseQ2 2023
+ Interest expenseQ1 2023
+ Interest expenseQ4 2022)
= (371 + 371 + 457 + 804)
÷ (10 + 7 + 6 + 6)
= 69.07
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Best Buy Co. Inc. interest coverage ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |