CarMax Inc (KMX)

Debt-to-assets ratio

Feb 28, 2025 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
Long-term debt US$ in thousands
Total assets US$ in thousands 27,404,200 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
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

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 across multiple reporting periods, indicating that the company has not used debt to finance its assets. A debt-to-assets ratio of 0.00 signifies that CarMax's assets are entirely financed by equity or internal funds rather than external debt. This low ratio suggests that the company has a strong financial position with little financial risk related to debt obligations. CarMax's conservative approach to debt management may provide the company with financial stability and flexibility to support its operations and growth initiatives.