Stock Analysis on Net

Best Buy Co. Inc. (NYSE:BBY)

This company has been moved to the archive! The financial data has not been updated since December 6, 2022.

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Best Buy Co. Inc., liquidity ratios

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Current ratio 0.99 1.19 1.10 1.18 1.26 1.48
Quick ratio 0.37 0.62 0.42 0.40 0.53 0.74
Cash ratio 0.28 0.52 0.28 0.26 0.40 0.55

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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Best Buy Co. Inc. current ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Best Buy Co. Inc. quick ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Best Buy Co. Inc. cash ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Current Ratio

Best Buy Co. Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in millions)
Current assets 10,539 12,540 8,857 8,870 9,829 10,516
Current liabilities 10,674 10,521 8,060 7,513 7,817 7,122
Liquidity Ratio
Current ratio1 0.99 1.19 1.10 1.18 1.26 1.48
Benchmarks
Current Ratio, Competitors2
Amazon.com Inc. 0.94 1.14 1.05 1.10
Home Depot Inc. 1.01 1.23 1.08 1.11
Lowe’s Cos. Inc. 1.02 1.19 1.01 0.98
TJX Cos. Inc. 1.27 1.46 1.24 1.53
Current Ratio, Sector
Consumer Discretionary Distribution & Retail 0.98 1.17 1.06 1.10
Current Ratio, Industry
Consumer Discretionary 1.15 1.25 1.18 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).

1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 10,539 ÷ 10,674 = 0.99

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Best Buy Co. Inc. current ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Quick Ratio

Best Buy Co. Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,936 5,494 2,229 1,980 1,101 2,240
Short-term investments 2,032 1,681
Receivables, net 1,042 1,061 1,149 1,015 1,049 1,347
Total quick assets 3,978 6,555 3,378 2,995 4,182 5,268
 
Current liabilities 10,674 10,521 8,060 7,513 7,817 7,122
Liquidity Ratio
Quick ratio1 0.37 0.62 0.42 0.40 0.53 0.74
Benchmarks
Quick Ratio, Competitors2
Amazon.com Inc. 0.69 0.86 0.83 0.83
Home Depot Inc. 0.20 0.47 0.23 0.22
Lowe’s Cos. Inc. 0.07 0.28 0.06 0.05
TJX Cos. Inc. 0.64 1.01 0.50 0.61
Quick Ratio, Sector
Consumer Discretionary Distribution & Retail 0.57 0.77 0.68 0.65
Quick Ratio, Industry
Consumer Discretionary 0.81 0.92 0.88 0.79

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).

1 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,978 ÷ 10,674 = 0.37

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Best Buy Co. Inc. quick ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Cash Ratio

Best Buy Co. Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,936 5,494 2,229 1,980 1,101 2,240
Short-term investments 2,032 1,681
Total cash assets 2,936 5,494 2,229 1,980 3,133 3,921
 
Current liabilities 10,674 10,521 8,060 7,513 7,817 7,122
Liquidity Ratio
Cash ratio1 0.28 0.52 0.28 0.26 0.40 0.55
Benchmarks
Cash Ratio, Competitors2
Amazon.com Inc. 0.45 0.68 0.67 0.63
Home Depot Inc. 0.08 0.34 0.12 0.11
Lowe’s Cos. Inc. 0.07 0.28 0.06 0.05
TJX Cos. Inc. 0.59 0.97 0.45 0.55
Cash Ratio, Sector
Consumer Discretionary Distribution & Retail 0.37 0.61 0.54 0.49
Cash Ratio, Industry
Consumer Discretionary 0.55 0.71 0.69 0.57

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).

1 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,936 ÷ 10,674 = 0.28

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Best Buy Co. Inc. cash ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.