CarMax Inc (KMX)
Financial leverage 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 | ||
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Total assets | US$ in thousands | 27,404,200 | 27,297,100 | 27,295,800 | 27,242,100 | 27,524,700 | 27,173,200 | 27,300,200 | 26,962,400 | 26,182,700 | 25,938,900 | 26,470,500 | 26,338,700 | 26,338,300 | 25,575,200 | 24,453,300 | 22,832,900 | 21,541,500 | 20,932,800 | 21,246,300 | 19,972,500 |
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 |
Financial leverage ratio | 4.39 | 4.39 | 4.42 | 4.42 | 4.53 | 4.50 | 4.55 | 4.63 | 4.66 | 4.73 | 4.89 | 4.88 | 5.03 | 5.01 | 4.98 | 4.85 | 4.94 | 5.07 | 5.33 | 5.58 |
February 28, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $27,404,200K ÷ $6,242,990K
= 4.39
CarMax Inc's financial leverage ratio has shown a declining trend over the past few years, indicating a reduction in the company's reliance on debt to finance its operations. As of February 28, 2025, the financial leverage ratio stands at 4.39, which suggests that for every dollar of equity, the company has $4.39 of debt. This ratio has decreased from a high of 5.58 on May 31, 2020, reflecting an improvement in the company's financial structure and reduced risk associated with high levels of leverage. The decreasing trend in the financial leverage ratio indicates that CarMax Inc has been effectively managing its debt levels and potentially enhancing its financial stability and solvency.
Peer comparison
Feb 28, 2025