What is the debt of Best Buy Co this year?
Best Buy Co has a debt level of -282 USD this year.
Best Buy Co Debt 2024
Best Buy Co Debt
-282 USD
Ticker
BBY
ISIN
US0865161014
WKN
873629
In 2024, Best Buy Co's total debt was -282 USD, a -83.48% change from the -1,707 USD total debt recorded in the previous year.
Best Buy Co Aktienanalyse
What does Best Buy Co do?
Best Buy Co. Inc. is a multinational retailer of consumer electronics, computers, and household appliances headquartered in Richfield, Minnesota, USA. The company was founded in 1966 by Richard M. Schulze and his business partners under the name Sound of Music. Initially, the company specialized in selling audio products and had only one store in St. Paul, Minnesota. In 1983, Schulze renamed the company to Best Buy and opened the first Best Buy Superstore in Burnsville, Minnesota. The Superstore offered a wide selection of electronics products at affordable prices, which quickly proved to be a successful formula. In the 1990s, Best Buy expanded throughout the United States and also opened stores in Canada and Mexico. Today, Best Buy is one of the largest retailers of electronics worldwide. Best Buy's business model is based on selling electronics products and services in large retail stores. Best Buy offers a wide range of products, including computers, tablets, smartphones, TVs, household appliances, cameras, video games, and more. Additionally, the company also provides services such as repairs, installations, and maintenance services for the products sold. Best Buy is divided into various business segments, all of which contribute to making the company profitable. The largest division is the Consumer Electronics Group, which is primarily responsible for the sale of electronics products such as TVs, audio devices, computer hardware, and consumer goods such as smartphones and tablets. The Home Appliances Group focuses on the sale of household appliances such as refrigerators, ovens, washing machines, and dryers. The Entertainment Group sells video games, music, and movies. Best Buy also has a digital division that deals with the online sale of products and services. An important feature of the Best Buy business model is its commitment to customer service. In recent years, Best Buy has invested in training and employee development to ensure that its staff can assist customers in selecting, purchasing, and using the products. The company has also built an online community that allows customers to exchange ideas and provide feedback. In addition to selling electronics products, Best Buy also carries a range of private label brands. These include Insignia and Rocketfish, which offer electronics products such as TVs, speakers, and phone cases. Furthermore, the company also offers its own brands for computers and household appliances, including Dynex and Amana. Overall, Best Buy has undergone an impressive development in recent decades. The company has evolved from a small audio store in Minnesota to become one of the largest retailers of consumer electronics globally. Despite increasing competition from online retailers and discount stores, Best Buy has been able to remain competitive and strengthen its presence in both the retail business and the online community. Best Buy Co ist eines der beliebtesten Unternehmen auf Eulerpool.com.Debt Details
Understanding Best Buy Co's Debt Structure
Best Buy Co's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.
Year-to-Year Comparison
Analyzing Best Buy Co's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.
Impact on Investments
Investors pay close attention to Best Buy Co’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.
Interpreting Debt Fluctuations
Shifts in Best Buy Co’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.
Frequently Asked Questions about Best Buy Co stock
What was the debt of Best Buy Co compared to the previous year?
The debt of Best Buy Co has increased by -83.48% compared to the previous year dropped.
What are the consequences of high debt for investors in Best Buy Co?
High debt can pose a risk for investors of Best Buy Co, as it can weaken the company's financial position and hinder its ability to fulfill its obligations.
What are the consequences of low debt for investors of Best Buy Co?
Low debt means that Best Buy Co has a strong financial position and is able to fulfill its obligations without overburdening its finances.
How does an increase in debt from Best Buy Co affect the company?
An increase in debt of Best Buy Co can adversely affect the financial condition of the company and result in a higher burden on its finances.
How does a reduction of debt of Best Buy Co affect the company?
A reduction in debt of Best Buy Co can strengthen the company's financial position and improve its ability to meet its financial obligations.
What are some factors that influence the debt of Best Buy Co?
Some factors that can influence the debt of Best Buy Co include investments, acquisitions, operating costs, and revenue development.
Why are the debts of Best Buy Co so important for investors?
The debts of Best Buy Co are important for investors as they serve as an indicator of the company's financial stability. It provides investors with information on how the company fulfills its financial obligations.
What strategic measures can Best Buy Co take to change the debt?
To change the debt, Best Buy Co can take measures such as cost savings, increasing revenue, selling assets, making investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to change its debt.
How much dividend does Best Buy Co pay?
Over the past 12 months, Best Buy Co paid a dividend of 2.82 USD . This corresponds to a dividend yield of about 3.13 %. For the coming 12 months, Best Buy Co is expected to pay a dividend of 4.25 USD.
What is the dividend yield of Best Buy Co?
The current dividend yield of Best Buy Co is 3.13 %.
When does Best Buy Co pay dividends?
Best Buy Co pays a quarterly dividend. This is distributed in the months of January, April, July, October.
How secure is the dividend of Best Buy Co?
Best Buy Co paid dividends every year for the past 0 years.
What is the dividend of Best Buy Co?
For the upcoming 12 months, dividends amounting to 4.25 USD are expected. This corresponds to a dividend yield of 4.73 %.
In which sector is Best Buy Co located?
Best Buy Co is assigned to the 'Cyclical consumption' sector.
Wann musste ich die Aktien von Best Buy Co kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Best Buy Co from 10/10/2024 amounting to 0.94 USD, you needed to have the stock in your portfolio before the ex-date on 9/19/2024.
When did Best Buy Co pay the last dividend?
The last dividend was paid out on 10/10/2024.
What was the dividend of Best Buy Co in the year 2023?
In the year 2023, Best Buy Co distributed 3.68 USD as dividends.
In which currency does Best Buy Co pay out the dividend?
The dividends of Best Buy Co are distributed in USD.
Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.
Andere Kennzahlen von Best Buy Co
Our stock analysis for Best Buy Co Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Best Buy Co Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
