Caseys General Stores Inc (CASY)

Cash ratio

		Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019
Cash and cash equivalents	US$ in thousands	206,482	177,881	409,891	439,112	378,869	413,199	414,798	312,364	158,878	186,921	311,698	198,928	336,545	388,946	404,685	246,516	78,275	43,539	43,976	96,733
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	953,466	880,906	949,826	933,999	927,125	869,809	921,298	937,383	904,678	783,710	803,496	740,942	612,749	581,826	562,009	533,916	1,063,430	1,104,820	1,084,060	575,028
Cash ratio		0.22	0.20	0.43	0.47	0.41	0.48	0.45	0.33	0.18	0.24	0.39	0.27	0.55	0.67	0.72	0.46	0.07	0.04	0.04	0.17

April 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($206,482K + $—K) ÷ $953,466K
= 0.22

The cash ratio of Caseys General Stores Inc has shown some fluctuations over the periods in question. The ratio was relatively low at 0.07 as of Jan 31, 2020, indicating a smaller cash reserve compared to current liabilities. However, there was a significant improvement by Apr 30, 2020, with the cash ratio increasing to 0.46, reflecting a stronger ability to cover current liabilities with cash on hand.

Subsequently, the cash ratio continued to vary, reaching its peak at 0.72 on Oct 31, 2020, suggesting a robust liquidity position. However, this high point was followed by a decline, with the ratio dropping to 0.17 by Oct 31, 2021.

In the most recent periods, the cash ratio shows a mixed performance, with values fluctuating between 0.18 and 0.43. Notably, the ratio stood at 0.22 as of Apr 30, 2024, indicating the company had $0.22 in cash for every dollar of current liabilities, which signals a moderate liquidity position.

Overall, the varying trend in the cash ratio of Caseys General Stores Inc reflects changes in the company's cash holdings in relation to its current liabilities over the analyzed periods. Investors and stakeholders may consider monitoring this ratio to assess the company's liquidity and ability to meet short-term obligations.