Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Best Buy Co. Inc., liquidity 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).
| 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 Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| 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 Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| 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 Q1 2023 to Q2 2023 but then slightly deteriorated from Q2 2023 to Q3 2023. |
Current Ratio
Best Buy Co. Inc., current ratio 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) | |||||||||||||||||||||||||||||||||||
| Current assets | 9,922) | 8,344) | 8,315) | 10,539) | 13,520) | 12,040) | 11,268) | 12,540) | 14,551) | 10,683) | 8,996) | 8,857) | 10,175) | 8,192) | 8,014) | 8,870) | 10,901) | 8,771) | 8,930) | 9,829) | 11,405) | 10,078) | 9,656) | 10,516) | 11,021) | 9,694) | 9,282) | ||||||||
| Current liabilities | 10,170) | 8,650) | 8,635) | 10,674) | 11,946) | 10,357) | 9,641) | 10,521) | 12,945) | 10,080) | 8,804) | 8,060) | 9,726) | 7,576) | 7,171) | 7,513) | 9,933) | 7,229) | 7,055) | 7,817) | 9,152) | 7,105) | 6,470) | 7,122) | 8,166) | 6,800) | 6,334) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Current ratio1 | 0.98 | 0.96 | 0.96 | 0.99 | 1.13 | 1.16 | 1.17 | 1.19 | 1.12 | 1.06 | 1.02 | 1.10 | 1.05 | 1.08 | 1.12 | 1.18 | 1.10 | 1.21 | 1.27 | 1.26 | 1.25 | 1.42 | 1.49 | 1.48 | 1.35 | 1.43 | 1.47 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 0.98 | 0.95 | 0.92 | 0.94 | 0.94 | 0.95 | 0.96 | 1.14 | 1.12 | 1.20 | 1.05 | 1.05 | 1.11 | 1.18 | 1.08 | 1.10 | 1.10 | 1.10 | 1.09 | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 1.39 | 1.18 | 1.11 | 1.01 | 1.13 | 1.06 | 1.10 | 1.23 | 1.36 | 1.30 | 1.17 | 1.08 | 1.08 | 1.10 | 1.04 | 1.11 | 1.09 | 1.13 | 1.17 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 1.20 | 1.11 | 1.17 | 1.02 | 1.19 | 1.16 | 1.17 | 1.19 | 1.38 | 1.30 | 1.20 | 1.01 | 1.04 | 1.06 | 1.09 | 0.98 | 1.00 | 1.06 | 1.02 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 1.16 | 1.17 | 1.25 | 1.27 | 1.29 | 1.33 | 1.52 | 1.46 | 1.41 | 1.51 | 2.20 | 1.24 | 1.22 | 1.25 | 1.23 | 1.53 | 1.55 | 1.64 | 1.69 | — | — | — | — | — | — | — | — | ||||||||
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
Current ratio = Current assets ÷ Current liabilities
= 9,922 ÷ 10,170 = 0.98
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 Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Quick Ratio
Best Buy Co. Inc., quick ratio 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) | |||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 932) | 840) | 640) | 2,936) | 3,465) | 4,340) | 4,278) | 5,494) | 5,136) | 5,305) | 3,919) | 2,229) | 1,205) | 1,289) | 1,561) | 1,980) | 1,228) | 1,865) | 1,848) | 1,101) | 1,103) | 1,365) | 1,651) | 2,240) | 1,341) | 1,861) | 1,845) | ||||||||
| Short-term investments | —) | —) | —) | —) | —) | —) | 60) | —) | 545) | —) | —) | —) | —) | 320) | —) | —) | 76) | 465) | 785) | 2,032) | 2,237) | 2,125) | 1,948) | 1,681) | 1,777) | 1,590) | 1,220) | ||||||||
| Receivables, net | 1,050) | 840) | 804) | 1,042) | 1,016) | 883) | 850) | 1,061) | 1,028) | 906) | 749) | 1,149) | 1,056) | 966) | 833) | 1,015) | 921) | 915) | 860) | 1,049) | 971) | 965) | 1,011) | 1,347) | 1,174) | 926) | 1,097) | ||||||||
| Total quick assets | 1,982) | 1,680) | 1,444) | 3,978) | 4,481) | 5,223) | 5,188) | 6,555) | 6,709) | 6,211) | 4,668) | 3,378) | 2,261) | 2,575) | 2,394) | 2,995) | 2,225) | 3,245) | 3,493) | 4,182) | 4,311) | 4,455) | 4,610) | 5,268) | 4,292) | 4,377) | 4,162) | ||||||||
| Current liabilities | 10,170) | 8,650) | 8,635) | 10,674) | 11,946) | 10,357) | 9,641) | 10,521) | 12,945) | 10,080) | 8,804) | 8,060) | 9,726) | 7,576) | 7,171) | 7,513) | 9,933) | 7,229) | 7,055) | 7,817) | 9,152) | 7,105) | 6,470) | 7,122) | 8,166) | 6,800) | 6,334) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Quick ratio1 | 0.19 | 0.19 | 0.17 | 0.37 | 0.38 | 0.50 | 0.54 | 0.62 | 0.52 | 0.62 | 0.53 | 0.42 | 0.23 | 0.34 | 0.33 | 0.40 | 0.22 | 0.45 | 0.50 | 0.53 | 0.47 | 0.63 | 0.71 | 0.74 | 0.53 | 0.64 | 0.66 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 0.44 | 0.43 | 0.44 | 0.45 | 0.42 | 0.43 | 0.48 | 0.68 | 0.64 | 0.76 | 0.63 | 0.67 | 0.67 | 0.76 | 0.62 | 0.63 | 0.60 | 0.60 | 0.58 | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 0.26 | 0.18 | 0.22 | 0.20 | 0.32 | 0.30 | 0.37 | 0.47 | 0.68 | 0.69 | 0.48 | 0.23 | 0.23 | 0.26 | 0.21 | 0.22 | 0.22 | 0.31 | 0.33 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 0.18 | 0.09 | 0.17 | 0.07 | 0.32 | 0.29 | 0.31 | 0.28 | 0.52 | 0.60 | 0.34 | 0.06 | 0.06 | 0.13 | 0.18 | 0.05 | 0.12 | 0.18 | 0.11 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 0.35 | 0.40 | 0.49 | 0.64 | 0.65 | 0.77 | 0.95 | 1.01 | 0.93 | 0.92 | 0.96 | 0.50 | 0.33 | 0.39 | 0.40 | 0.61 | 0.52 | 0.63 | 0.70 | — | — | — | — | — | — | — | — | ||||||||
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
Quick ratio = Total quick assets ÷ Current liabilities
= 1,982 ÷ 10,170 = 0.19
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 Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Cash Ratio
Best Buy Co. Inc., cash ratio 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) | |||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 932) | 840) | 640) | 2,936) | 3,465) | 4,340) | 4,278) | 5,494) | 5,136) | 5,305) | 3,919) | 2,229) | 1,205) | 1,289) | 1,561) | 1,980) | 1,228) | 1,865) | 1,848) | 1,101) | 1,103) | 1,365) | 1,651) | 2,240) | 1,341) | 1,861) | 1,845) | ||||||||
| Short-term investments | —) | —) | —) | —) | —) | —) | 60) | —) | 545) | —) | —) | —) | —) | 320) | —) | —) | 76) | 465) | 785) | 2,032) | 2,237) | 2,125) | 1,948) | 1,681) | 1,777) | 1,590) | 1,220) | ||||||||
| Total cash assets | 932) | 840) | 640) | 2,936) | 3,465) | 4,340) | 4,338) | 5,494) | 5,681) | 5,305) | 3,919) | 2,229) | 1,205) | 1,609) | 1,561) | 1,980) | 1,304) | 2,330) | 2,633) | 3,133) | 3,340) | 3,490) | 3,599) | 3,921) | 3,118) | 3,451) | 3,065) | ||||||||
| Current liabilities | 10,170) | 8,650) | 8,635) | 10,674) | 11,946) | 10,357) | 9,641) | 10,521) | 12,945) | 10,080) | 8,804) | 8,060) | 9,726) | 7,576) | 7,171) | 7,513) | 9,933) | 7,229) | 7,055) | 7,817) | 9,152) | 7,105) | 6,470) | 7,122) | 8,166) | 6,800) | 6,334) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Cash ratio1 | 0.09 | 0.10 | 0.07 | 0.28 | 0.29 | 0.42 | 0.45 | 0.52 | 0.44 | 0.53 | 0.45 | 0.28 | 0.12 | 0.21 | 0.22 | 0.26 | 0.13 | 0.32 | 0.37 | 0.40 | 0.36 | 0.49 | 0.56 | 0.55 | 0.38 | 0.51 | 0.48 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Amazon.com Inc. | 0.44 | 0.43 | 0.44 | 0.45 | 0.42 | 0.43 | 0.48 | 0.68 | 0.64 | 0.76 | 0.63 | 0.67 | 0.67 | 0.76 | 0.62 | 0.63 | 0.60 | 0.60 | 0.58 | — | — | — | — | — | — | — | — | ||||||||
| Home Depot Inc. | 0.10 | 0.05 | 0.09 | 0.08 | 0.19 | 0.17 | 0.24 | 0.34 | 0.58 | 0.58 | 0.37 | 0.12 | 0.11 | 0.14 | 0.10 | 0.11 | 0.10 | 0.19 | 0.20 | — | — | — | — | — | — | — | — | ||||||||
| Lowe’s Cos. Inc. | 0.18 | 0.09 | 0.17 | 0.07 | 0.32 | 0.29 | 0.31 | 0.28 | 0.52 | 0.60 | 0.34 | 0.06 | 0.06 | 0.13 | 0.18 | 0.05 | 0.12 | 0.18 | 0.11 | — | — | — | — | — | — | — | — | ||||||||
| TJX Cos. Inc. | 0.30 | 0.35 | 0.43 | 0.59 | 0.60 | 0.71 | 0.89 | 0.97 | 0.90 | 0.87 | 0.92 | 0.45 | 0.27 | 0.33 | 0.34 | 0.55 | 0.45 | 0.56 | 0.63 | — | — | — | — | — | — | — | — | ||||||||
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
Cash ratio = Total cash assets ÷ Current liabilities
= 932 ÷ 10,170 = 0.09
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 Q1 2023 to Q2 2023 but then slightly deteriorated from Q2 2023 to Q3 2023. |