Best Accumulated Other Comprehensive Income vs Total Liabilities Analysis
BBY Stock | USD 74.40 0.07 0.09% |
Trend analysis of Best Buy Co balance sheet accounts such as Short Long Term Debt Total of 4.2 B, Other Current Liabilities of 881.9 M or Total Current Liabilities of 5.2 B provides information on Best Buy's total assets, liabilities, and equity, which is the actual value of Best Buy to its prevalent stockholders. By breaking down trends over time using Best Buy balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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About Best Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Best Buy at a specified time, usually calculated after every quarter, six months, or one year. Best Buy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Best Buy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Best currently owns. An asset can also be divided into two categories, current and non-current.
Best Buy Balance Sheet Chart
Best Buy Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Best Buy uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Best Buy's Common Stock is fairly stable compared to the past year. Intangible Assets is likely to rise to about 223 M in 2024, whereas Total Assets are likely to drop slightly above 9.7 B in 2024. Add Fundamental
Total Assets
Total assets refers to the total amount of Best Buy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Best Buy books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Best Buy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Best Buy Co are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Best Buy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Best Buy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, Best Buy's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 23.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 5.1 B in 2024.
2021 | 2022 | 2024 (projected) | Interest Expense | 25M | 35M | 60.3M | Depreciation And Amortization | 835M | 1.1B | 482.9M |
Best Buy fundamental ratios Correlations
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Best Buy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Best Buy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 15.6B | 19.1B | 17.5B | 15.8B | 15.0B | 9.7B | |
Short Long Term Debt Total | 4.1B | 4.1B | 3.9B | 4.0B | 4.0B | 4.2B | |
Other Current Liab | 1.3B | 1.7B | 1.8B | 1.2B | 1.4B | 881.9M | |
Total Current Liabilities | 8.1B | 10.5B | 10.7B | 9.0B | 7.9B | 5.2B | |
Total Stockholder Equity | 3.5B | 4.6B | 3.0B | 2.8B | 3.1B | 2.9B | |
Property Plant And Equipment Net | 5.0B | 4.9B | 4.9B | 5.1B | 5.0B | 5.3B | |
Net Debt | 1.8B | (1.4B) | 1.0B | 2.1B | 2.5B | 2.7B | |
Retained Earnings | 3.2B | 4.2B | 2.7B | 2.4B | 2.7B | 2.5B | |
Cash | 2.2B | 5.5B | 2.9B | 1.9B | 1.4B | 1.3B | |
Non Current Assets Total | 6.7B | 6.5B | 7.0B | 7.0B | 7.1B | 7.4B | |
Non Currrent Assets Other | 615M | 561M | 548M | 469M | 454M | 476.7M | |
Cash And Short Term Investments | 2.2B | 5.5B | 2.9B | 1.9B | 1.4B | 1.7B | |
Net Receivables | 1.1B | 1.1B | 1.0B | 1.1B | 939M | 782.2M | |
Common Stock Shares Outstanding | 268.1M | 263M | 249.3M | 225.7M | 218.5M | 386.0M | |
Liabilities And Stockholders Equity | 15.6B | 19.1B | 17.5B | 15.8B | 15.0B | 9.6B | |
Non Current Liabilities Total | 4.1B | 4.0B | 3.8B | 4.0B | 4.0B | 4.2B | |
Other Current Assets | 305M | 373M | 596M | 647M | 553M | 422.9M | |
Other Stockholder Equity | 295M | 328M | 329M | 21M | 31M | 29.5M | |
Total Liab | 12.1B | 14.5B | 14.5B | 13.0B | 11.9B | 6.7B | |
Total Current Assets | 8.9B | 12.5B | 10.5B | 8.8B | 7.9B | 6.3B | |
Accumulated Other Comprehensive Income | 295M | 328M | 329M | 322M | 317M | 332.9M | |
Short Term Debt | 674M | 817M | 661M | 654M | 631M | 662.6M | |
Accounts Payable | 5.3B | 7.0B | 6.8B | 5.7B | 4.6B | 3.6B | |
Current Deferred Revenue | 782M | 1.0B | 1.4B | 1.4B | 1.3B | 926.9M | |
Good Will | 984M | 986M | 1.4B | 1.4B | 1.6B | 1.1B | |
Intangible Assets | 363M | 301M | 275M | 189M | 128M | 223.0M | |
Short Term Investments | 183M | 117M | 65M | 178M | 160.2M | 152.2M | |
Other Assets | 243M | 277M | 352M | 520M | 468M | 316M | |
Long Term Debt | 1.3B | 1.1B | 1.1B | 1.2B | 1.2B | 931M | |
Long Term Debt Total | 1.3B | 1.3B | 1.2B | 1.2B | 1.3B | 1.3B | |
Cash And Equivalents | 2.2B | 5.5B | 2.9B | 1.9B | 2.2B | 2.8B | |
Property Plant Equipment | 5.0B | 4.9B | 4.9B | 5.1B | 5.9B | 4.3B | |
Other Liab | 657M | 694M | 533M | 705M | 634.5M | 534.1M | |
Net Tangible Assets | 2.1B | 3.3B | 1.4B | 3.6B | 4.1B | 2.7B | |
Net Invested Capital | 4.8B | 5.8B | 4.2B | 1.2B | 4.2B | 3.3B | |
Short Long Term Debt | 14M | 110M | 13M | 16M | 14.4M | 13.7M | |
Non Current Liabilities Other | 657M | 694M | 533M | 705M | 654M | 532.4M |
Pair Trading with Best Buy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Best Buy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Best Buy will appreciate offsetting losses from the drop in the long position's value.Moving together with Best Stock
0.79 | W | Wayfair Trending | PairCorr |
0.61 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
Moving against Best Stock
0.67 | BQ | Boqii Holding Limited | PairCorr |
0.56 | WINA | Winmark | PairCorr |
0.45 | ETSY | Etsy Inc | PairCorr |
0.44 | JL | J Long Group | PairCorr |
The ability to find closely correlated positions to Best Buy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Best Buy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Best Buy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Best Buy Co to buy it.
The correlation of Best Buy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Best Buy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Best Buy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Best Buy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Best Buy information on this page should be used as a complementary analysis to other Best Buy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Best Stock analysis
When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.
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Is Best Buy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Best Buy. If investors know Best will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Best Buy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 3.68 | Earnings Share 5.68 | Revenue Per Share 199.596 | Quarterly Revenue Growth (0.01) |
The market value of Best Buy is measured differently than its book value, which is the value of Best that is recorded on the company's balance sheet. Investors also form their own opinion of Best Buy's value that differs from its market value or its book value, called intrinsic value, which is Best Buy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Best Buy's market value can be influenced by many factors that don't directly affect Best Buy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Best Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Best Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Best Buy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.