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CarMax LT-Debt-to-Total-Asset

: 0.72 (As of Aug. 2020)
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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. CarMax's long-term debt to total assests ratio for the quarter that ended in Aug. 2020 was 0.72.

CarMax's long-term debt to total assets ratio declined from Aug. 2019 (0.74) to Aug. 2020 (0.72). It may suggest that CarMax is progressively becoming less dependent on debt to grow their business.


CarMax LT-Debt-to-Total-Asset Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

CarMax Annual Data
Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20
LT-Debt-to-Total-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.71 0.73 0.73 0.74 0.73

CarMax Quarterly Data
Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20
LT-Debt-to-Total-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.74 0.74 0.73 0.74 0.72

CarMax LT-Debt-to-Total-Asset Calculation

CarMax's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2020 is calculated as

LT Debt to Total Assets (A: Feb. 2020 )=Long-Term Debt & Capital Lease Obligation (A: Feb. 2020 )/Total Assets (A: Feb. 2020 )
=15384.727/21082.182
=0.73

CarMax's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2020 is calculated as

LT Debt to Total Assets (Q: Aug. 2020 )=Long-Term Debt & Capital Lease Obligation (Q: Aug. 2020 )/Total Assets (Q: Aug. 2020 )
=15232.881/21246.306
=0.72

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


CarMax  (NYSE:KMX) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.


CarMax LT-Debt-to-Total-Asset Related Terms


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