CarMax Inc (KMX)

Debt-to-assets ratio

Feb 28, 2025 Feb 29, 2024 Feb 28, 2023 Feb 28, 2022 Feb 28, 2021
Long-term debt US$ in thousands — — — — —
Total assets US$ in thousands 27,404,200 27,196,800 26,182,700 26,338,300 21,541,500
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

February 28, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $27,404,200K
= 0.00

CarMax Inc has consistently maintained a debt-to-assets ratio of 0.00 from February 28, 2021, to February 28, 2025. This indicates that the company finances its operations mostly through equity rather than debt. A debt-to-assets ratio of 0.00 implies that the company has no debt on its balance sheet in relation to its total assets, suggesting a low level of financial risk and strong financial stability. CarMax Inc's ability to operate with minimal debt indicates a conservative approach to financing its activities and may be viewed positively by investors and creditors.