CarMax Inc (KMX)
Cash ratio
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 271,910 | 524,667 | 755,338 | 1,080,790 | 605,375 | 521,098 | 264,247 | 314,758 | 688,618 | 56,772 | 95,313 | 102,716 | 62,598 | 58,095 | 377,954 | 132,319 | 236,643 | 711,561 | 658,022 | 58,211 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,097,290 | 2,155,800 | 1,985,900 | 2,312,290 | 2,083,240 | 2,320,390 | 2,113,970 | 1,938,310 | 1,937,050 | 2,132,190 | 2,251,750 | 2,047,460 | 2,056,850 | 1,958,960 | 2,093,390 | 1,698,550 | 1,437,790 | 1,598,940 | 1,151,010 | 1,534,710 |
| Cash ratio | 0.13 | 0.24 | 0.38 | 0.47 | 0.29 | 0.22 | 0.13 | 0.16 | 0.36 | 0.03 | 0.04 | 0.05 | 0.03 | 0.03 | 0.18 | 0.08 | 0.16 | 0.45 | 0.57 | 0.04 |
November 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($271,910K
+ $—K)
÷ $2,097,290K
= 0.13
The cash ratio of CarMax Inc has shown fluctuations over the analyzed periods. The ratio, which measures a company's ability to cover its current liabilities with its cash and cash equivalents, stood at a low of 0.03 on August 31, 2021, and again on August 31, 2022, indicating a relatively lower level of cash reserves compared to its current liabilities during these periods.
However, there were periods of improvement, such as on May 31, 2020, when the cash ratio increased to 0.57, suggesting a stronger ability to cover short-term liabilities with available cash. Subsequently, the ratio fluctuated, with notable increases observed on November 30, 2022 (0.36) and February 29, 2024 (0.47), reflecting improved liquidity positions during these periods.
Overall, the cash ratio of CarMax Inc fluctuated over the analyzed periods, indicating varying levels of liquidity and ability to cover short-term obligations with cash and cash equivalents. It is important for stakeholders to monitor these fluctuations to assess the company's liquidity position and financial health.
Peer comparison
Nov 30, 2024