CarMax Inc (KMX)

Debt-to-assets 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
Long-term debt US$ in thousands
Total assets US$ in thousands 27,297,100 27,295,800 27,242,100 27,524,700 27,173,200 27,300,200 26,962,400 26,182,700 25,938,900 26,470,500 26,338,700 26,338,300 25,575,200 24,453,300 22,832,900 21,541,500 20,932,800 21,246,300 19,972,500 21,082,200
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

November 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $27,297,100K
= 0.00

CarMax Inc has consistently maintained a debt-to-assets ratio of 0.00 over the past several periods, indicating that the company has not used debt to finance its assets. A debt-to-assets ratio of 0.00 implies that all of CarMax's assets are funded by equity rather than debt. This could indicate a conservative financial strategy that focuses on minimizing financial risk and leveraging internal resources to support business operations. Additionally, a low or zero debt-to-assets ratio may suggest financial stability and flexibility for the company, as it does not have significant debt obligations to service. It is important to note that while a low debt-to-assets ratio can be advantageous, it may also imply missed opportunities for leveraging debt financing for potential growth or expansion initiatives.