CarMax Net Debt vs Total Assets Analysis

KMX Stock

USD 80.63 3.97 5.18%

CarMax financial indicator trend analysis is way more than just evaluating CarMax Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CarMax Inc is a good investment. Please check the relationship between CarMax Net Debt and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in CarMax Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CarMax Inc Net Debt account and Total Assets. At this time, the significance of the direction appears to have totally related.

The correlation between CarMax's Net Debt and Total Assets is 0.99. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of CarMax Inc, assuming nothing else is changed. The correlation between historical values of CarMax's Net Debt and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of CarMax Inc are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., CarMax's Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Assets

Total assets refers to the total amount of CarMax assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in CarMax Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from CarMax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CarMax Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in CarMax Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

At this time, CarMax's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 62.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.1 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	3.3B	2.8B	2.7B	1.5B
Total Revenue	31.9B	29.7B	26.5B	27.9B

Gross Profit Total Revenue

CarMax fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Long Term Debt Total	Short Term Debt	Other Liab	Other Assets	Long Term Debt	Property Plant Equipment	Retained Earnings	Common Stock Total Equity
Total Assets		0.75	0.99	0.95	1.0	0.99	0.99	0.34	1.0	0.27	0.12	0.71	0.11	1.0	0.95	0.86	1.0	0.96	1.0	0.73	0.63	0.3	1.0	0.8	0.94	-0.07
Other Current Liab	0.75		0.76	0.68	0.79	0.75	0.82	0.07	0.75	-0.19	-0.07	0.59	-0.06	0.75	0.73	0.79	0.75	0.71	0.74	0.13	0.85	0.46	0.75	0.69	0.68	-0.22
Total Current Liabilities	0.99	0.76		0.97	0.98	0.96	0.99	0.43	0.98	0.28	0.2	0.7	0.06	0.98	0.94	0.91	0.98	0.96	0.98	0.74	0.59	0.24	0.98	0.72	0.96	-0.09
Total Stockholder Equity	0.95	0.68	0.97		0.94	0.91	0.96	0.54	0.95	0.29	0.37	0.64	0.23	0.93	0.9	0.87	0.93	0.94	0.93	0.77	0.54	0.27	0.93	0.66	1.0	0.1
Property Plant And Equipment Net	1.0	0.79	0.98	0.94		0.99	0.98	0.32	1.0	0.26	0.09	0.68	0.08	0.99	0.93	0.86	0.99	0.93	0.99	0.68	0.67	0.29	0.99	0.79	0.92	-0.1
Net Debt	0.99	0.75	0.96	0.91	0.99		0.97	0.22	0.99	0.24	-0.01	0.73	0.07	1.0	0.95	0.83	1.0	0.94	1.0	0.68	0.65	0.33	1.0	0.84	0.89	-0.12
Accounts Payable	0.99	0.82	0.99	0.96	0.98	0.97		0.36	0.98	0.19	0.15	0.75	0.09	0.98	0.96	0.91	0.98	0.97	0.98	0.66	0.65	0.33	0.98	0.78	0.95	-0.08
Cash	0.34	0.07	0.43	0.54	0.32	0.22	0.36		0.33	0.53	0.92	-0.03	0.14	0.27	0.21	0.44	0.29	0.34	0.28	0.63	-0.13	-0.43	0.26	-0.18	0.57	0.24
Non Current Assets Total	1.0	0.75	0.98	0.95	1.0	0.99	0.98	0.33		0.3	0.1	0.67	0.11	1.0	0.93	0.84	1.0	0.93	1.0	0.72	0.64	0.27	1.0	0.79	0.93	-0.07
Non Currrent Assets Other	0.27	-0.19	0.28	0.29	0.26	0.24	0.19	0.53	0.3		0.3	-0.27	0.33	0.26	0.08	-0.04	0.26	0.12	0.27	0.64	-0.13	-0.73	0.25	-0.06	0.28	0.34
Cash And Short Term Investments	0.12	-0.07	0.2	0.37	0.09	-0.01	0.15	0.92	0.1	0.3		-0.14	0.25	0.04	0.02	0.25	0.05	0.16	0.05	0.4	-0.21	-0.28	0.04	-0.3	0.41	0.38
Net Receivables	0.71	0.59	0.7	0.64	0.68	0.73	0.75	-0.03	0.67	-0.27	-0.14		-0.15	0.72	0.88	0.78	0.72	0.85	0.72	0.42	0.34	0.62	0.73	0.72	0.64	-0.3
Common Stock Shares Outstanding	0.11	-0.06	0.06	0.23	0.08	0.07	0.09	0.14	0.11	0.33	0.25	-0.15		0.08	0.09	-0.21	0.08	0.11	0.08	0.11	0.17	0.1	0.09	0.1	0.24	0.97
Non Current Liabilities Total	1.0	0.75	0.98	0.93	0.99	1.0	0.98	0.27	1.0	0.26	0.04	0.72	0.08		0.95	0.84	1.0	0.94	1.0	0.7	0.64	0.31	1.0	0.83	0.91	-0.11
Inventory	0.95	0.73	0.94	0.9	0.93	0.95	0.96	0.21	0.93	0.08	0.02	0.88	0.09	0.95		0.86	0.95	0.99	0.95	0.65	0.56	0.46	0.95	0.83	0.89	-0.09
Other Current Assets	0.86	0.79	0.91	0.87	0.86	0.83	0.91	0.44	0.84	-0.04	0.25	0.78	-0.21	0.84	0.86		0.85	0.9	0.84	0.58	0.5	0.34	0.84	0.59	0.87	-0.31
Total Liab	1.0	0.75	0.98	0.93	0.99	1.0	0.98	0.29	1.0	0.26	0.05	0.72	0.08	1.0	0.95	0.85		0.95	1.0	0.71	0.64	0.3	1.0	0.82	0.91	-0.11
Total Current Assets	0.96	0.71	0.96	0.94	0.93	0.94	0.97	0.34	0.93	0.12	0.16	0.85	0.11	0.94	0.99	0.9	0.95		0.94	0.7	0.52	0.41	0.95	0.77	0.94	-0.05
Short Long Term Debt Total	1.0	0.74	0.98	0.93	0.99	1.0	0.98	0.28	1.0	0.27	0.05	0.72	0.08	1.0	0.95	0.84	1.0	0.94		0.71	0.63	0.3	1.0	0.82	0.91	-0.11
Short Term Debt	0.73	0.13	0.74	0.77	0.68	0.68	0.66	0.63	0.72	0.64	0.4	0.42	0.11	0.7	0.65	0.58	0.71	0.7	0.71		0.01	-0.16	0.7	0.35	0.76	0.06
Other Liab	0.63	0.85	0.59	0.54	0.67	0.65	0.65	-0.13	0.64	-0.13	-0.21	0.34	0.17	0.64	0.56	0.5	0.64	0.52	0.63	0.01		0.5	0.64	0.79	0.53	-0.04
Other Assets	0.3	0.46	0.24	0.27	0.29	0.33	0.33	-0.43	0.27	-0.73	-0.28	0.62	0.1	0.31	0.46	0.34	0.3	0.41	0.3	-0.16	0.5		0.32	0.6	0.27	-0.05
Long Term Debt	1.0	0.75	0.98	0.93	0.99	1.0	0.98	0.26	1.0	0.25	0.04	0.73	0.09	1.0	0.95	0.84	1.0	0.95	1.0	0.7	0.64	0.32		0.83	0.91	-0.1
Property Plant Equipment	0.8	0.69	0.72	0.66	0.79	0.84	0.78	-0.18	0.79	-0.06	-0.3	0.72	0.1	0.83	0.83	0.59	0.82	0.77	0.82	0.35	0.79	0.6	0.83		0.64	-0.15
Retained Earnings	0.94	0.68	0.96	1.0	0.92	0.89	0.95	0.57	0.93	0.28	0.41	0.64	0.24	0.91	0.89	0.87	0.91	0.94	0.91	0.76	0.53	0.27	0.91	0.64		0.12
Common Stock Total Equity	-0.07	-0.22	-0.09	0.1	-0.1	-0.12	-0.08	0.24	-0.07	0.34	0.38	-0.3	0.97	-0.11	-0.09	-0.31	-0.11	-0.05	-0.11	0.06	-0.04	-0.05	-0.1	-0.15	0.12

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CarMax Account Relationship Matchups

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CarMax Net Debt vs Total Assets Analysis

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Net Debt

Total Assets

CarMax fundamental ratios Correlations

CarMax Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Short Long Term Debt Total	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Total Assets

Other Assets	- 0.73	Non Currrent Assets Other
Other Assets	- 0.43	Cash
Common Stock Total Equity	- 0.31	Other Current Assets
Common Stock Total Equity	- 0.3	Net Receivables
Property Plant Equipment	- 0.3	Cash And Short Term Investments
Other Assets	- 0.28	Cash And Short Term Investments