Caseys General Stores Inc (CASY)

Cash ratio

Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 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
Cash and cash equivalents US$ in thousands 326,662 394,815 351,723 304,988 206,482 177,881 409,891 439,112 378,869 413,199 414,798 312,364 158,878 186,921 311,698 198,928 336,545 388,946 404,685 246,516
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 1,101,690 1,195,640 1,116,540 1,132,140 953,466 880,906 949,826 933,999 927,125 869,809 921,298 937,383 904,678 783,710 803,496 740,942 612,749 581,826 562,009 533,916
Cash ratio 0.30 0.33 0.32 0.27 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

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 variability over the period from July 2020 through April 2025. Initial readings in July 2020 exhibited a relatively low level at 0.46, indicating that cash and cash equivalents covered approximately 46% of current liabilities. This ratio increased markedly by October 2020 to 0.72, suggesting enhanced liquidity and an improved capacity to meet short-term obligations solely through liquid assets.

Throughout the subsequent periods, the cash ratio displayed fluctuations, reflecting evolving liquidity management strategies and operating conditions. Notably, between January and April 2021, the ratio remained relatively stable, ranging from 0.55 to 0.67, indicating a generally consistent level of liquidity. However, a declining trend commenced thereafter, with the ratio diminishing to 0.27 in July 2021 and further decreasing to approximately 0.18 by April 2022, pointing to a reduction in cash relative to current liabilities and potentially increased reliance on other current assets.

Following this decline, the ratio experienced periods of recovery, reaching approximately 0.45 in October 2022 and maintaining levels around 0.41 to 0.48 through early 2023. These figures suggest periods of strengthening liquidity. Nonetheless, the ratio again decreased to a low of 0.20 in January 2024, indicating a significant reduction in pure cash coverage, before gradually rising to approximately 0.33 by the end of the observed period in April 2025.

Overall, the cash ratio of Caseys General Stores Inc. has manifested considerable oscillations, reflecting shifts in liquidity management consistent with strategic or operational adjustments, market conditions, or working capital needs. While the ratio has generally remained below 1.0 throughout the period—implying that the company often relies on other liquid or quick assets beyond cash to meet current liabilities—it does show occasional periods of improved liquidity positioning.