CarMax Long Term Debt vs Short Term Investments Analysis

KMX Stock

USD 83.97 0.62 0.73%

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 Long Term Debt and its Short Term Investments 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.

Long Term Debt vs Short Term Investments

Long Term Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CarMax Inc Long Term Debt account and Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.

The correlation between CarMax's Long Term Debt and Short Term Investments is 0.83. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Short Term Investments 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 Long Term Debt and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of CarMax Inc are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Long Term Debt i.e., CarMax's Long Term Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

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Long Term Debt

Long-term debt is a debt that CarMax Inc has held for over one year. Long-term debt appears on CarMax Inc balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on CarMax Inc balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Short Term Investments

Short Term Investments is an item under the current assets section of CarMax balance sheet. It contains any investments CarMax Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that CarMax Inc can easily liquidate in the marketplace.

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		0.76	0.99	0.95	1.0	0.99	0.99	0.33	1.0	0.25	0.11	0.72	0.11	1.0	0.95	0.86	1.0	0.96	1.0	0.72	0.63	0.31	1.0	0.8	0.94	-0.07
Other Current Liab	0.76		0.77	0.7	0.8	0.76	0.83	0.09	0.76	-0.18	-0.05	0.59	-0.06	0.76	0.73	0.8	0.76	0.72	0.75	0.14	0.84	0.44	0.76	0.69	0.69	-0.22
Total Current Liabilities	0.99	0.77		0.97	0.98	0.96	0.99	0.43	0.98	0.26	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	0.7	0.97		0.94	0.91	0.96	0.54	0.94	0.27	0.37	0.64	0.23	0.93	0.9	0.87	0.93	0.94	0.93	0.76	0.54	0.27	0.93	0.66	1.0	0.1
Property Plant And Equipment Net	1.0	0.8	0.98	0.94		0.99	0.98	0.32	1.0	0.24	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	0.76	0.96	0.91	0.99		0.97	0.22	0.99	0.22	-0.01	0.73	0.07	1.0	0.95	0.83	1.0	0.94	1.0	0.69	0.65	0.33	1.0	0.84	0.89	-0.12
Accounts Payable	0.99	0.83	0.99	0.96	0.98	0.97		0.36	0.98	0.17	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	0.33	0.09	0.43	0.54	0.32	0.22	0.36		0.32	0.5	0.92	-0.03	0.14	0.27	0.21	0.44	0.27	0.34	0.28	0.62	-0.13	-0.43	0.26	-0.18	0.57	0.24
Non Current Assets Total	1.0	0.76	0.98	0.94	1.0	0.99	0.98	0.32		0.28	0.09	0.67	0.11	1.0	0.93	0.84	1.0	0.93	1.0	0.72	0.65	0.28	1.0	0.8	0.93	-0.07
Non Currrent Assets Other	0.25	-0.18	0.26	0.27	0.24	0.22	0.17	0.5	0.28		0.28	-0.29	0.34	0.25	0.07	-0.07	0.24	0.1	0.25	0.62	-0.13	-0.72	0.24	-0.07	0.26	0.35
Cash And Short Term Investments	0.11	-0.05	0.2	0.37	0.09	-0.01	0.15	0.92	0.09	0.28		-0.14	0.25	0.04	0.02	0.25	0.04	0.16	0.05	0.39	-0.21	-0.28	0.04	-0.3	0.41	0.38
Net Receivables	0.72	0.59	0.7	0.64	0.68	0.73	0.75	-0.03	0.67	-0.29	-0.14		-0.15	0.72	0.88	0.78	0.72	0.85	0.72	0.43	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	0.34	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	0.76	0.98	0.93	0.99	1.0	0.98	0.27	1.0	0.25	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	0.07	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	0.8	0.91	0.87	0.86	0.83	0.91	0.44	0.84	-0.07	0.25	0.78	-0.21	0.84	0.86		0.85	0.9	0.84	0.57	0.5	0.34	0.84	0.59	0.87	-0.31
Total Liab	1.0	0.76	0.98	0.93	0.99	1.0	0.98	0.27	1.0	0.24	0.04	0.72	0.08	1.0	0.95	0.85		0.95	1.0	0.7	0.64	0.32	1.0	0.82	0.91	-0.11
Total Current Assets	0.96	0.72	0.96	0.94	0.93	0.94	0.97	0.34	0.93	0.1	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	0.75	0.98	0.93	0.99	1.0	0.98	0.28	1.0	0.25	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	0.72	0.14	0.74	0.76	0.68	0.69	0.66	0.62	0.72	0.62	0.39	0.43	0.11	0.7	0.65	0.57	0.7	0.7	0.71		0.01	-0.15	0.7	0.36	0.75	0.06
Other Liab	0.63	0.84	0.59	0.54	0.67	0.65	0.65	-0.13	0.65	-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	0.31	0.44	0.24	0.27	0.29	0.33	0.33	-0.43	0.28	-0.72	-0.28	0.62	0.1	0.31	0.46	0.34	0.32	0.41	0.3	-0.15	0.5		0.32	0.6	0.27	-0.05
Long Term Debt	1.0	0.76	0.98	0.93	0.99	1.0	0.98	0.26	1.0	0.24	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	0.8	-0.07	-0.3	0.72	0.1	0.83	0.83	0.59	0.82	0.77	0.82	0.36	0.79	0.6	0.83		0.64	-0.15
Retained Earnings	0.94	0.69	0.96	1.0	0.92	0.89	0.95	0.57	0.93	0.26	0.41	0.64	0.24	0.91	0.89	0.87	0.91	0.94	0.91	0.75	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	0.35	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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When running CarMax's price analysis, check to measure CarMax's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CarMax is operating at the current time. Most of CarMax's value examination focuses on studying past and present price action to predict the probability of CarMax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CarMax's price. Additionally, you may evaluate how the addition of CarMax to your portfolios can decrease your overall portfolio volatility.

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CarMax Long Term Debt vs Short Term Investments Analysis

Long Term Debt vs Short Term Investments

Long Term Debt vs Short Term Investments Correlation Analysis

Correlation Coefficient

Long Term Debt

Short Term Investments

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	- 0.72	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
Net Receivables	- 0.29	Non Currrent Assets Other