Caseys General Stores Inc (CASY)

Cash ratio

		Apr 30, 2025	Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021
Cash and cash equivalents	US$ in thousands	326,662	206,482	378,869	158,878	336,545
Short-term investments	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	1,101,690	953,466	927,125	904,678	612,749
Cash ratio		0.30	0.22	0.41	0.18	0.55

April 30, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($326,662K + $—K) ÷ $1,101,690K
= 0.30

The cash ratio of Caseys General Stores Inc demonstrates notable fluctuation over the examined period from April 30, 2021, to April 30, 2025. Specifically, the ratio was 0.55 in 2021, indicating a relatively strong liquidity position in terms of cash assets relative to current liabilities. The ratio then declined sharply in 2022 to 0.18, suggesting a significant decrease in the company's ability to cover its short-term liabilities solely with cash and cash equivalents. Subsequently, there was an improvement in 2023, with the cash ratio rebounding to 0.41, nearing the 2021 level and reflecting a strengthened cash position. However, in 2024, the ratio declined again to 0.22, indicating a weakening of the company's immediate liquidity. The trend slightly improved once more in 2025, with the ratio reaching 0.30, implying a moderate enhancement in cash liquidity relative to current liabilities but remaining below the 2021 peak. Overall, the cash ratio exhibits variability, suggesting shifts in cash holdings or short-term liabilities over the years, with periods of both contraction and partial recovery in the company’s cash liquidity position.