Best Buy Analysis founded in 1966 by James Wheeler and Richard Schulze

Best Buy Financial Analysis
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Situated in Minnesota, the United States, Best Buy is a famous consumer electronics retailer. It was founded in 1966 by James Wheeler and Richard M. Schulze. Currently, Best Buy operates in Mexico, Canada, and China, and its subsidiaries are Geek Squad, Pacific Sales and Magnolia Audio Video (2019). In January 2019, Best Buy released its financial statements of the previous two years, meaning 2017 and 2018. Due to its large size, Best Buy attracts plenty of investors from all parts of the world. This means people who are looking for reliable investment options in the stock market turn to Best Buy and are promised huge profits or great returns. Doing business worldwide, large caps tend to have amazing capital returns and diverse revenue streams, making them a prior choice of investors who want risk-free investments.
It should be noticed that Best Buy has sustained its debt level by $1.35 billion over the last two years, and this consists of both long-term and short-term debts. At this level of debt, the short-term investment and current cash levels are standing at $3.2 billion for investing in the business (2019). On top of that, Best Buy has produced cash of up to $2.1 billion from operations in the last two years, leading the operating cash to the total debt ratio of 154.41%. It clarifies that the company’s operating cash is enough to cover its current debts.
Return on Assets (ROA) indicates how profitable a company is in terms of its total assets (2019). In the case of Best Buy, the company is earning sufficient and its return on assets is 16.5%....