CarMax Inc (KMX)
Quick ratio
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | — | 574,142 | 314,758 | 102,716 | 132,319 |
| Short-term investments | US$ in thousands | — | 17,130,000 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | — | 2,312,290 | 1,938,310 | 2,047,460 | 1,698,550 |
| Quick ratio | — | 7.66 | 0.16 | 0.05 | 0.08 |
February 28, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K
+ $—K
+ $—K)
÷ $—K
= —
The quick ratio of CarMax Inc has fluctuated significantly over the five-year period. In February 2021, the quick ratio was 0.08, indicating a relatively low level of liquidity to cover short-term obligations. By February 2022, the quick ratio decreased further to 0.05, raising concerns about the company's ability to meet immediate financial obligations. However, in February 2023, there was a notable improvement in the quick ratio to 0.16, suggesting increased liquidity. The most significant change occurred in February 2024, where the quick ratio surged to 7.66, signifying a substantial improvement in the company's ability to meet short-term liabilities with its most liquid assets. Notably, the quick ratio data for February 2025 is not available. Overall, the quick ratio trend for CarMax Inc demonstrates fluctuations over the years, indicating varying levels of liquidity and ability to cover short-term obligations.
Peer comparison
Feb 28, 2025