A company’s total debt-to-equity ratio indicates its financial leverage and reflects the proportion of equity and debt used to finance its assets. A lower ratio indicates lower financial risk.
Best Buy’s debt-to-equity ratio improved from 41.5% in fiscal 2014 to 35.8% in the third quarter of fiscal 2015. In that third quarter of fiscal 2015, the company’s debt-to-equity ratio was higher than GameStop (GME) 17.6% and Amazon.com (AMZN) 29.9%. Meanwhile, Best Buy’s debt-to-equity ratio is lower than those of Wal-Mart Stores (WMT) and Target (TGT).
View more information: https://marketrealist.com/2015/01/assessing-best-buys-debt-profile/