CarMax Balance Sheet Health
Financial Health criteria checks 3/6
CarMax has a total shareholder equity of $6.1B and total debt of $18.8B, which brings its debt-to-equity ratio to 308.8%. Its total assets and total liabilities are $27.2B and $21.1B respectively. CarMax's EBIT is $756.1M making its interest coverage ratio 6.1. It has cash and short-term investments of $574.1M.
Key information
308.8%
Debt to equity ratio
US$18.76b
Debt
Interest coverage ratio | 6.1x |
Cash | US$574.14m |
Equity | US$6.07b |
Total liabilities | US$21.12b |
Total assets | US$27.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XA4's short term assets ($5.2B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: XA4's short term assets ($5.2B) do not cover its long term liabilities ($18.8B).
Debt to Equity History and Analysis
Debt Level: XA4's net debt to equity ratio (299.4%) is considered high.
Reducing Debt: XA4's debt to equity ratio has reduced from 422.2% to 308.8% over the past 5 years.
Debt Coverage: XA4's debt is not well covered by operating cash flow (2.4%).
Interest Coverage: XA4's interest payments on its debt are well covered by EBIT (6.1x coverage).