The Macroaxis Fundamental Analysis lookup allows users to check a given indicator for any equity or select from a set of available indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations. Please check also Equity Screeners to view more equity screening tools
Current Ratio AnalysisCurrent Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Distress Driver Correlations
About Current RatioTypically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e. Current Ration of 2 to 1).
|Compare to competition|
In accordance with recently published financial statements Best Buy Co Inc has Current Ratio of 1.25 times. This is 45.18% lower than that of the Services sector, and significantly higher than that of Diversified Wholesale And Retail industry, The Current Ratio for all stocks is 62.12% higher than the company.
Best Buy Co Fundamental Drivers Relationships
Best Buy Co Inc is rated fifth in shares owned by institutions category among related companies. It is rated fourth in book value per share category among related companies creating about 0.16 of Book Value Per Share per Shares Owned by Institutions. The ratio of Shares Owned by Institutions to Book Value Per Share for Best Buy Co Inc is roughly 6.26