Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. CarMax's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was €761 Mil. CarMax's average total debt for the quarter that ended in Feb. 2024 was €17,954 Mil. Therefore, CarMax's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 4.24%.
CarMax Effective Interest Rate on Debt % Historical Data
The historical data trend for CarMax's Effective Interest Rate on Debt % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Auto & Truck Dealerships subindustry, CarMax's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CarMax Effective Interest Rate on Debt % Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, CarMax's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where CarMax's Effective Interest Rate on Debt % falls into.
CarMax Effective Interest Rate on Debt % Calculation
CarMax's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data,
the Interest Expense data used here is four times the quarterly (Feb. 2024) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
CarMax (FRA:XA4) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
CarMax Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of CarMax's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
CarMax sells, finances, and services used and new cars through a chain of about 240 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales typically account for about 83% of revenue (78% in fiscal 2023 due to the chip shortage) and wholesale about 13% (20% in fiscal 2023), with the remaining portion composed of extended service plans and repair. In fiscal 2023, the company retailed and wholesaled 807,823, and 585,071 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the U.S. but still estimates that it has only about 4% U.S. market share of vehicles 0-10 years old in 2022. It seeks over 5% share by the end of calendar 2025. CarMax is based in Richmond, Virginia.
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