CarMax Inc (KMX)
Financial leverage ratio
Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
---|---|---|---|---|---|---|
Total assets | US$ in thousands | 882,575 | 27,196,800 | 26,182,700 | 26,338,300 | 21,541,500 |
Total stockholders’ equity | US$ in thousands | 891,303 | 6,073,740 | 5,613,080 | 5,235,440 | 4,364,610 |
Financial leverage ratio | 0.99 | 4.48 | 4.66 | 5.03 | 4.94 |
February 28, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $882,575K ÷ $891,303K
= 0.99
The financial leverage ratio of CarMax Inc has shown some fluctuations over the years. The ratio was 4.94 as of February 28, 2021, increased to 5.03 by February 28, 2022, but then decreased to 4.66 on February 28, 2023, and further to 4.48 by February 29, 2024. Notably, there was a significant drop to 0.99 on February 28, 2025, suggesting a substantial decrease in financial leverage. Overall, the trend indicates some variation in the company's reliance on debt financing to support its operations and investments during the period under consideration.
Peer comparison
Feb 28, 2025
Company name
Symbol
Financial leverage ratio
CarMax Inc
KMX
0.99
Asbury Automotive Group Inc
ABG
2.95
AutoNation Inc
AN
5.29
Caseys General Stores Inc
CASY
2.11
Copart Inc
CPRT
1.12
Group 1 Automotive Inc
GPI
3.30
KAR Auction Services Inc
KAR
3.44
Lithia Motors Inc
LAD
3.48
Murphy USA Inc
MUSA
5.41
Penske Automotive Group Inc
PAG
3.21
Rush Enterprises A Inc
RUSHA
2.16