CarMax Inc Working Capital to Net Assets Ratio
CarMax Inc working capital to net assets ratio. CarMax Inc (KMX) has a Working Capital to Net Assets ratio of 49.2% as of February 2026. Working capital of $2.90 Billion (current assets of $5.31 Billion minus current liabilities of $2.41 Billion) is measured against net assets of $5.89 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible net worth ratio of CarMax Inc to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of CarMax Inc (1997–2026)
Working capital to net assets ratio of CarMax Inc from 1997 to 2026. This chart shows how CarMax Inc's Working Capital to Net Assets ratio has evolved across 30 annual periods from 1997 to 2026. As of February 2026, the ratio stands at 49.2%, reflecting working capital of $2.90 Billion against net assets of $5.89 Billion USD. See CarMax Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
CarMax Inc Working Capital to Net Assets Ratio by Year (1997–2026)
CarMax Inc working capital to net assets ratio by year from 1997 to 2026. The table below presents the year-by-year Working Capital to Net Assets ratio for CarMax Inc from 1997 to 2026, covering 30 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see CarMax Inc balance sheet assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 49.2% | $2.90 Billion | $5.89 Billion | $5.31 Billion | $2.41 Billion | ▲ +3.0 pp |
| 2025 | 46.1% | $2.88 Billion | $6.24 Billion | $5.08 Billion | $2.20 Billion | ▼ -1.9 pp |
| 2024 | 48.0% | $2.91 Billion | $6.07 Billion | $5.23 Billion | $2.31 Billion | ▼ -7.3 pp |
| 2023 | 55.3% | $3.10 Billion | $5.61 Billion | $5.04 Billion | $1.94 Billion | ▼ -30.7 pp |
| 2022 | 86.0% | $4.50 Billion | $5.24 Billion | $6.55 Billion | $2.05 Billion | ▲ +30.6 pp |
| 2021 | 55.4% | $2.42 Billion | $4.36 Billion | $4.12 Billion | $1.70 Billion | ▼ -1.1 pp |
| 2020 | 56.5% | $2.13 Billion | $3.77 Billion | $3.66 Billion | $1.53 Billion | ▼ -0.2 pp |
| 2019 | 56.7% | $1.90 Billion | $3.36 Billion | $3.21 Billion | $1.31 Billion | ▼ -0.2 pp |
| 2018 | 56.9% | $1.89 Billion | $3.32 Billion | $3.06 Billion | $1.17 Billion | ▲ +0.0 pp |
| 2017 | 56.9% | $1.77 Billion | $3.11 Billion | $2.87 Billion | $1.11 Billion | ▲ +6.4 pp |
| 2016 | 50.5% | $1.47 Billion | $2.90 Billion | $2.47 Billion | $1.01 Billion | ▼ -0.3 pp |
| 2015 | 50.7% | $1.60 Billion | $3.16 Billion | $2.60 Billion | $997.17 Million | ▼ -2.5 pp |
| 2014 | 53.3% | $1.77 Billion | $3.32 Billion | $2.64 Billion | $875.50 Million | ▼ -0.6 pp |
| 2013 | 53.9% | $1.63 Billion | $3.02 Billion | $2.31 Billion | $684.17 Million | ▲ +8.7 pp |
| 2012 | 45.2% | $1.21 Billion | $2.67 Billion | $1.85 Billion | $646.31 Million | ▲ +5.8 pp |
| 2011 | 39.4% | $901.88 Million | $2.29 Billion | $1.41 Billion | $508.22 Million | ▼ -16.5 pp |
| 2010 | 55.8% | $1.08 Billion | $1.93 Billion | $1.56 Billion | $477.35 Million | ▲ +5.8 pp |
| 2009 | 50.0% | $796.98 Million | $1.59 Billion | $1.29 Billion | $490.77 Million | ▼ -8.2 pp |
| 2008 | 58.2% | $866.90 Million | $1.49 Billion | $1.36 Billion | $490.02 Million | ▲ +7.0 pp |
| 2007 | 51.2% | $638.49 Million | $1.25 Billion | $1.15 Billion | $512.02 Million | ▼ -7.8 pp |
| 2006 | 59.0% | $578.42 Million | $980.10 Million | $941.74 Million | $363.31 Million | ▼ -7.9 pp |
| 2005 | 66.9% | $535.62 Million | $800.98 Million | $864.96 Million | $329.33 Million | ▼ -11.1 pp |
| 2004 | 78.0% | $531.08 Million | $680.75 Million | $773.48 Million | $242.40 Million | ▼ -5.0 pp |
| 2003 | 83.1% | $460.64 Million | $554.57 Million | $708.75 Million | $248.10 Million | ▲ +10.1 pp |
| 2002 | 73.0% | $354.31 Million | $485.48 Million | $577.70 Million | $223.39 Million | ▲ +4.8 pp |
| 2001 | 68.2% | $266.97 Million | $391.50 Million | $492.91 Million | $225.94 Million | ▲ +1.7 pp |
| 2000 | 66.5% | $229.55 Million | $344.99 Million | $425.67 Million | $196.12 Million | ▼ -9.6 pp |
| 1999 | 76.1% | $259.20 Million | $340.40 Million | $341.10 Million | $81.90 Million | ▲ +27.0 pp |
| 1998 | 49.2% | $177.00 Million | $359.90 Million | $232.60 Million | $55.60 Million | ▼ -27.5 pp |
| 1997 | 76.7% | $300.50 Million | $391.80 Million | $333.30 Million | $32.80 Million | — |