Best Net Debt vs Gross Profit Margin Analysis

BBY Stock

USD 89.54 3.03 3.50%

Best Buy financial indicator trend analysis is way more than just evaluating Best Buy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Best Buy is a good investment. Please check the relationship between Best Buy Net Debt and its Gross Profit Margin accounts. 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 closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Net Debt vs Gross Profit Margin

Net Debt vs Gross Profit Margin Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Best Buy Net Debt account and Gross Profit Margin. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Best Buy's Net Debt and Gross Profit Margin is -0.52. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Best Buy Co, assuming nothing else is changed. The correlation between historical values of Best Buy's Net Debt and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Best Buy Co are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Net Debt i.e., Best Buy's Net Debt and Gross Profit Margin go up and down completely randomly.

Correlation Coefficient

-0.52

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Gross Profit Margin

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 closely tied 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	869M	918M	472.6M

Interest Expense Depreciation And Amortization

Best Buy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Current Deferred Revenue	Good Will	Intangible Assets
Total Assets		0.54	0.61	0.97	0.74	0.63	-0.04	0.74	0.69	0.63	-0.08	0.59	0.62	0.33	0.57	0.95	0.58	0.32	0.98	0.92	0.42	0.96	0.68	0.33	0.38	-0.12
Short Long Term Debt Total	0.54		-0.04	0.49	0.17	0.98	0.62	0.15	0.44	0.96	0.3	0.17	-0.01	-0.07	0.95	0.34	0.07	0.07	0.62	0.24	0.89	0.47	0.12	0.71	0.78	0.16
Other Current Liab	0.61	-0.04		0.69	0.45	0.1	-0.21	0.43	0.2	0.13	-0.45	0.19	0.8	0.55	-0.03	0.75	0.78	0.32	0.58	0.71	-0.1	0.69	0.65	-0.21	-0.01	0.03
Total Current Liabilities	0.97	0.49	0.69		0.62	0.6	-0.04	0.63	0.63	0.6	-0.23	0.5	0.67	0.28	0.48	0.95	0.61	0.32	0.98	0.9	0.44	0.99	0.61	0.32	0.38	-0.02
Total Stockholder Equity	0.74	0.17	0.45	0.62		0.23	-0.32	0.99	0.56	0.28	0.14	0.75	0.49	0.66	0.33	0.72	0.39	0.44	0.59	0.86	0.0	0.65	0.83	0.03	-0.04	-0.46
Property Plant And Equipment Net	0.63	0.98	0.1	0.6	0.23		0.62	0.21	0.42	0.99	0.18	0.16	0.16	0.04	0.93	0.47	0.21	0.1	0.7	0.35	0.87	0.58	0.25	0.66	0.79	0.15
Net Debt	-0.04	0.62	-0.21	-0.04	-0.32	0.62		-0.37	-0.43	0.63	0.19	-0.56	-0.11	-0.17	0.54	-0.11	-0.01	-0.05	0.07	-0.34	0.58	-0.11	-0.16	0.5	0.7	0.18
Retained Earnings	0.74	0.15	0.43	0.63	0.99	0.21	-0.37		0.6	0.25	0.09	0.79	0.48	0.63	0.3	0.73	0.35	0.36	0.59	0.86	-0.02	0.66	0.82	0.01	-0.1	-0.49
Cash	0.69	0.44	0.2	0.63	0.56	0.42	-0.43	0.6		0.39	0.13	0.84	0.12	0.09	0.47	0.53	0.09	0.14	0.66	0.68	0.37	0.69	0.32	0.26	0.11	-0.02
Non Current Assets Total	0.63	0.96	0.13	0.6	0.28	0.99	0.63	0.25	0.39		0.25	0.13	0.18	0.09	0.94	0.49	0.26	0.17	0.7	0.35	0.84	0.58	0.29	0.66	0.84	0.16
Non Currrent Assets Other	-0.08	0.3	-0.45	-0.23	0.14	0.18	0.19	0.09	0.13	0.25		0.16	-0.62	-0.14	0.5	-0.23	-0.32	0.15	-0.1	-0.19	0.15	-0.24	-0.15	0.41	0.32	-0.21
Cash And Short Term Investments	0.59	0.17	0.19	0.5	0.75	0.16	-0.56	0.79	0.84	0.13	0.16		0.08	0.31	0.26	0.49	-0.01	0.21	0.48	0.72	0.12	0.56	0.46	0.17	-0.24	-0.47
Net Receivables	0.62	-0.01	0.8	0.67	0.49	0.16	-0.11	0.48	0.12	0.18	-0.62	0.08		0.58	-0.03	0.73	0.83	0.26	0.57	0.68	-0.05	0.65	0.7	-0.32	0.04	0.08
Common Stock Shares Outstanding	0.33	-0.07	0.55	0.28	0.66	0.04	-0.17	0.63	0.09	0.09	-0.14	0.31	0.58		0.06	0.45	0.54	0.1	0.17	0.55	-0.2	0.32	0.88	-0.41	-0.27	-0.35
Non Current Liabilities Total	0.57	0.95	-0.03	0.48	0.33	0.93	0.54	0.3	0.47	0.94	0.5	0.26	-0.03	0.06		0.38	0.13	0.1	0.61	0.31	0.76	0.47	0.26	0.67	0.75	0.01
Inventory	0.95	0.34	0.75	0.95	0.72	0.47	-0.11	0.73	0.53	0.49	-0.23	0.49	0.73	0.45	0.38		0.67	0.27	0.91	0.94	0.22	0.95	0.77	0.15	0.24	-0.16
Other Current Assets	0.58	0.07	0.78	0.61	0.39	0.21	-0.01	0.35	0.09	0.26	-0.32	-0.01	0.83	0.54	0.13	0.67		0.1	0.55	0.61	0.01	0.58	0.69	-0.19	0.2	-0.02
Other Stockholder Equity	0.32	0.07	0.32	0.32	0.44	0.1	-0.05	0.36	0.14	0.17	0.15	0.21	0.26	0.1	0.1	0.27	0.1		0.29	0.31	0.03	0.29	0.13	0.12	0.23	0.23
Total Liab	0.98	0.62	0.58	0.98	0.59	0.7	0.07	0.59	0.66	0.7	-0.1	0.48	0.57	0.17	0.61	0.91	0.55	0.29		0.84	0.52	0.96	0.53	0.43	0.5	0.0
Total Current Assets	0.92	0.24	0.71	0.9	0.86	0.35	-0.34	0.86	0.68	0.35	-0.19	0.72	0.68	0.55	0.31	0.94	0.61	0.31	0.84		0.14	0.91	0.81	0.06	0.03	-0.29
Short Term Debt	0.42	0.89	-0.1	0.44	0.0	0.87	0.58	-0.02	0.37	0.84	0.15	0.12	-0.05	-0.2	0.76	0.22	0.01	0.03	0.52	0.14		0.4	-0.06	0.76	0.75	0.17
Accounts Payable	0.96	0.47	0.69	0.99	0.65	0.58	-0.11	0.66	0.69	0.58	-0.24	0.56	0.65	0.32	0.47	0.95	0.58	0.29	0.96	0.91	0.4		0.64	0.28	0.32	-0.02
Common Stock	0.68	0.12	0.65	0.61	0.83	0.25	-0.16	0.82	0.32	0.29	-0.15	0.46	0.7	0.88	0.26	0.77	0.69	0.13	0.53	0.81	-0.06	0.64		-0.21	-0.08	-0.41
Current Deferred Revenue	0.33	0.71	-0.21	0.32	0.03	0.66	0.5	0.01	0.26	0.66	0.41	0.17	-0.32	-0.41	0.67	0.15	-0.19	0.12	0.43	0.06	0.76	0.28	-0.21		0.69	-0.12
Good Will	0.38	0.78	-0.01	0.38	-0.04	0.79	0.7	-0.1	0.11	0.84	0.32	-0.24	0.04	-0.27	0.75	0.24	0.2	0.23	0.5	0.03	0.75	0.32	-0.08	0.69		0.37
Intangible Assets	-0.12	0.16	0.03	-0.02	-0.46	0.15	0.18	-0.49	-0.02	0.16	-0.21	-0.47	0.08	-0.35	0.01	-0.16	-0.02	0.23	0.0	-0.29	0.17	-0.02	-0.41	-0.12	0.37

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Best Buy Account Relationship Matchups

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	990M	2.5B	868M	757M	854.8M
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	669M	702.5M
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	1.5B	1.3B	1.3B	1.3B	1.3B
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

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Best Net Debt vs Gross Profit Margin Analysis

Net Debt vs Gross Profit Margin

Net Debt vs Gross Profit Margin Correlation Analysis

Correlation Coefficient

Net Debt

Gross Profit Margin

Best Buy fundamental ratios Correlations

Best Buy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Best Buy fundamental ratios Accounts

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COMPANY

Accounts Payable	+ 0.99	Total Current Liabilities
Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.98	Total Assets
Property Plant And Equipment Net	+ 0.98	Short Long Term Debt Total
Total Liab	+ 0.98	Total Current Liabilities

Net Receivables	- 0.62	Non Currrent Assets Other
Cash And Short Term Investments	- 0.56	Net Debt
Intangible Assets	- 0.49	Retained Earnings
Intangible Assets	- 0.47	Cash And Short Term Investments
Intangible Assets	- 0.46	Total Stockholder Equity
Non Currrent Assets Other	- 0.45	Other Current Liab