CarMax Balance Sheet Health
Financial Health criteria checks 3/6
CarMax has a total shareholder equity of $6.2B and total debt of $18.7B, which brings its debt-to-equity ratio to 302.2%. Its total assets and total liabilities are $27.3B and $21.1B respectively. CarMax's EBIT is $682.1M making its interest coverage ratio 5.6. It has cash and short-term investments of $524.7M.
Key information
302.2%
Debt to equity ratio
US$18.68b
Debt
| Interest coverage ratio | 5.6x |
| Cash | US$524.67m |
| Equity | US$6.18b |
| Total liabilities | US$21.12b |
| Total assets | US$27.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KMX *'s short term assets ($4.9B) exceed its short term liabilities ($2.2B).
Long Term Liabilities: KMX *'s short term assets ($4.9B) do not cover its long term liabilities ($19.0B).
Debt to Equity History and Analysis
Debt Level: KMX *'s net debt to equity ratio (293.7%) is considered high.
Reducing Debt: KMX *'s debt to equity ratio has reduced from 410.3% to 302.2% over the past 5 years.
Debt Coverage: KMX *'s debt is not well covered by operating cash flow (5.5%).
Interest Coverage: KMX *'s interest payments on its debt are well covered by EBIT (5.6x coverage).