Best Buy Trade and Non Trade Payables vs Total Debt Analysis

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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 Payables and its Total Debt accounts. Continue to Trending Equities.

Trade and Non Trade Payables vs Total Debt

Accounts Relationship

Trade and Non Trade Payables vs Total Debt

Significance: Pay attention

Trade and Non Trade Payables diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Best Buy Trade and Non Trade Payables account and Total Debt

Correlation Coefficient

-0.91
Relationship DirectionNegative 
Relationship StrengthSignificant

Trade and Non Trade Payables

A component of [Liabilities] representing trade and non-trade payables.

Total Debt

Total Debt of Best Buy is a combination of both Best Buy short-term and long-term liabilities. Short-term debts are those that must be paid back within a year. This type of debt applies to things like lines of credit or short-term term bonds. Long-term debt of Best Buy Co includes liability that must be paid off in more than a year. This typically includes large senior debts like mortgages, bonds, as well as business loans or leases. A component of [Liabilities] representing the total amount of current and non-current debt owed. Includes secured and unsecured bonds issued; commercial paper; notes payable; credit facilities; lines of credit; capital lease obligations; and convertible notes.