CarMax Inc (KMX)

Debt-to-equity 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 stockholders’ equity US$ in thousands 6,211,210 6,179,610 6,166,870 6,073,740 6,044,360 6,005,660 5,823,170 5,613,080 5,487,570 5,414,230 5,400,640 5,235,440 5,109,800 4,915,180 4,703,480 4,364,610 4,128,480 3,982,560 3,578,310 3,768,880
Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,211,210K
= 0.00

CarMax Inc has consistently maintained a debt-to-equity ratio of 0.00 throughout the reported periods from February 29, 2020, to November 30, 2024. This indicates that the company has not taken on any debt in relation to its equity over this timeframe. A debt-to-equity ratio of 0.00 suggests that the company is primarily funded by equity rather than debt, which can be viewed favorably by investors as it signifies a lower financial risk and potential for greater financial stability. This stable and low debt-to-equity ratio may reflect CarMax Inc's conservative financial strategy or strong financial position. Additionally, the consistent ratio may imply that the company has been managing its capital structure prudently and efficiently.