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 | 882,575 | 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 ÷ $882,575K
= 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.
Peer comparison
Feb 28, 2025
Company name
Symbol
Debt-to-assets ratio
CarMax Inc
KMX
0.00
Asbury Automotive Group Inc
ABG
0.00
AutoNation Inc
AN
0.00
Caseys General Stores Inc
CASY
0.25
Copart Inc
CPRT
0.00
Group 1 Automotive Inc
GPI
0.00
KAR Auction Services Inc
KAR
0.00
Lithia Motors Inc
LAD
0.00
Murphy USA Inc
MUSA
0.00
Penske Automotive Group Inc
PAG
0.00
Rush Enterprises A Inc
RUSHA
0.09