CarMax Inc (KMX)
Current ratio
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,077,640 | 5,226,590 | 5,041,370 | 6,549,290 | 4,116,800 |
| Total current liabilities | US$ in thousands | 2,197,970 | 2,312,290 | 1,938,310 | 2,047,460 | 1,698,550 |
| Current ratio | 2.31 | 2.26 | 2.60 | 3.20 | 2.42 |
February 28, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,077,640K ÷ $2,197,970K
= 2.31
CarMax Inc's current ratio has shown fluctuations over the past five years. As of February 28, 2021, the current ratio was 2.42, indicating that the company had $2.42 in current assets for every $1 in current liabilities. This ratio improved to 3.20 on February 28, 2022, suggesting a stronger liquidity position. However, by February 28, 2023, the current ratio decreased to 2.60, signaling a slight decline in liquidity.
On February 29, 2024, the current ratio dropped further to 2.26, reflecting a potential strain on the company's ability to meet short-term obligations with current assets. Notably, data for February 28, 2025, is not available at this time, making it challenging to assess the most recent liquidity position of CarMax Inc solely based on the current ratio.
Overall, the trend in CarMax Inc's current ratio indicates fluctuations in liquidity over the past five years, with the company experiencing both improvements and declines in its ability to cover short-term liabilities with current assets. Investors and stakeholders should continue to monitor future financial statements for a more comprehensive assessment of CarMax Inc's liquidity position.
Peer comparison
Feb 28, 2025