Caseys General Stores Inc (CASY)

Current ratio

		Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021	Apr 30, 2020
Total current assets	US$ in thousands	829,854	920,955	725,035	723,633	387,250
Total current liabilities	US$ in thousands	953,466	927,125	904,678	612,749	1,063,430
Current ratio		0.87	0.99	0.80	1.18	0.36

April 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $829,854K ÷ $953,466K
= 0.87

Caseys General Stores Inc's current ratio has fluctuated over the past five years, ranging from 0.36 to 1.18. The current ratio indicates the company's ability to cover its short-term liabilities with its current assets. A current ratio below 1 suggests that the company may have difficulty meeting its short-term obligations. In the most recent year, as of April 30, 2024, the current ratio stands at 0.87, which is lower than the previous year's ratio of 0.99. This decline may raise concerns about the company's short-term liquidity position and its ability to handle immediate financial obligations. Further analysis is required to understand the factors contributing to this decrease and to assess the implications for Caseys General Stores Inc's financial health and operational efficiency.