CarMax Inc (KMX)
Debt-to-capital ratio
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 891,303 | 6,073,740 | 5,613,080 | 5,235,440 | 4,364,610 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 28, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $891,303K)
= 0.00
CarMax Inc's debt-to-capital ratio has consistently been 0.00 over the five-year period from February 28, 2021, to February 28, 2025. This indicates that the company has not relied on debt to finance its operations and investments during this period. A debt-to-capital ratio of 0.00 suggests that CarMax has not used debt as a significant portion of its capital structure and may indicate lower financial risk compared to companies with higher debt ratios. However, it is important to note that a low debt-to-capital ratio does not necessarily mean that a company is performing exceptionally well, as other factors such as profitability and liquidity should also be considered in evaluating the overall financial health of the company.
Peer comparison
Feb 28, 2025