CarMax Inc (KMX)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 6,242,990 | 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 |
| 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 |
February 28, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,242,990K
= 0.00
CarMax Inc has consistently maintained a debt-to-equity ratio of 0.00 across all reported periods from May 31, 2020, to February 28, 2025. This indicates that the company has not used any debt financing to fund its operations or investments during these periods relative to its equity. A debt-to-equity ratio of 0.00 suggests a conservative capital structure with no financial leverage, which may be viewed positively by investors as it signifies lower financial risk and greater financial stability. However, while a low debt-to-equity ratio can be advantageous in terms of risk management, it may also indicate missed opportunities for potentially leveraging debt to drive growth or maximize returns for shareholders.
Peer comparison
Feb 28, 2025