CarMax Inc (KMX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 28, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $891,303K
= 0.00
Based on the data provided, CarMax Inc has consistently maintained a debt-to-equity ratio of 0.00 from February 28, 2021, to February 28, 2025. This indicates that the company has not utilized any debt to finance its operations or investments relative to its equity during this period. A debt-to-equity ratio of 0.00 typically suggests that the company is relying solely on equity financing, which may indicate financial stability and a lower risk of financial distress due to debt obligations. It also implies that CarMax Inc may have a strong equity base or that it is managing its debt levels prudently. However, it is essential to consider other financial metrics and factors to have a comprehensive understanding of the company's overall financial health and capital structure.
Peer comparison
Feb 28, 2025