Best Buy Receivables vs Current Liabilities Analysis

<div class='logoBackup' style='background:#754DEB;color: white;font-size:3em;;'>BES</div>
BBY -- USA Stock  

Fiscal Quarter End: January 31, 2020  

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 Trade and Non Trade Receivables and its Current Liabilities accounts. Continue to Trending Equities.

Trade and Non Trade Receivables vs Current Liabilities

Accounts Relationship

Receivables vs Current Liabilities

Significance: Significant Contrarian Relationship

Receivables diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Best Buy Receivables account and Current Liabilities

Correlation Coefficient

-0.34
Relationship DirectionNegative 
Relationship StrengthInsignificant

Trade and Non Trade Receivables

A component of [Assets] representing trade and non-trade receivables.

Current Liabilities

The current portion of [Liabilities]; reported if the company operates a classified balance sheet that segments current and non-current liabilities.