GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best Buy Co Inc (BSP:BBYY34) » Definitions » Interest Expense

Best Buy Co (BSP:BBYY34) Interest Expense : R$-258 Mil (TTM As of Jan. 2024)


View and export this data going back to 2016. Start your Free Trial

What is Best Buy Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Best Buy Co's interest expense for the three months ended in Jan. 2024 was R$ -69 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was R$-258 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Best Buy Co's Operating Income for the three months ended in Jan. 2024 was R$ 3,590 Mil. Best Buy Co's Interest Expense for the three months ended in Jan. 2024 was R$ -69 Mil. Best Buy Co's Interest Coverage for the quarter that ended in Jan. 2024 was 52.14. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Best Buy Co Interest Expense Historical Data

The historical data trend for Best Buy Co's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Best Buy Co Interest Expense Chart

Best Buy Co Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -265.68 -279.10 -138.25 -181.73 -255.75

Best Buy Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -62.31 -60.26 -57.61 -70.78 -68.86

Best Buy Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-258 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Best Buy Co  (BSP:BBYY34) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Best Buy Co's Interest Expense for the three months ended in Jan. 2024 was R$-69 Mil. Its Operating Income for the three months ended in Jan. 2024 was R$3,590 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was R$16,481 Mil.

Best Buy Co's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jan. 2024 )/Interest Expense (Q: Jan. 2024 )
=-1*3590.286/-68.855
=52.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's financial strength is.

Best Buy Co (BSP:BBYY34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best Buy Co Inc (BSP:BBYY34) » Definitions » Interest Expense
Comparable Companies
DKS CASY ULTA WSM BBWI MUSA FIVE MNSO GME RH ORLY TSX:ATD AZO TSCO SHSE:601888 ADX:ADNOCDIST TSX:CTC.A XSWX:AVOL BSP:VBBR3 LSE:FRAS
Traded in Other Exchanges
BBY:USA BBY:Mexico BUY:Germany
Address
7601 Penn Avenue South, Richfield, MN, USA, 55423
Website
https://www.investors.bestbuy.com
With $46.3 billion in consolidated fiscal 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.5% share of the U.S. market and north of 35% share of offline sales, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.

Best Buy Co (BSP:BBYY34) Headlines

No Headlines