Best Buy Total Assets 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 Total Assets and its Current Liabilities accounts. Continue to Trending Equities.

Total Assets vs Current Liabilities

Accounts Relationship

Total Assets vs Current Liabilities

Significance: Very Week Relationship

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

Correlation Coefficient

0.21
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Assets

Total assets refers to the total amount of Best Buy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Best Buy books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are [CashnEq]; [Investments];[Intangibles]; [PPNENet];[TaxAssets] and [Receivables].

Current Liabilities

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