Caseys General Stores Inc (CASY)

Current ratio

Apr 30, 2025 Apr 30, 2024 Apr 30, 2023 Apr 30, 2022 Apr 30, 2021
Total current assets US$ in thousands 1,012,850 829,854 920,955 725,035 723,633
Total current liabilities US$ in thousands 1,101,690 953,466 927,125 904,678 612,749
Current ratio 0.92 0.87 0.99 0.80 1.18

April 30, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,012,850K ÷ $1,101,690K
= 0.92

The analysis of Caseys General Stores Inc.'s current ratio over the period from April 30, 2021, to April 30, 2025, reveals notable fluctuations in liquidity. The current ratio was 1.18 in 2021, indicating that current assets exceeded current liabilities, which generally signifies a satisfactory short-term liquidity position. However, by April 30, 2022, this ratio declined sharply to 0.80, suggesting a deterioration in liquidity and that current liabilities outstripped current assets, potentially raising concerns regarding the company's ability to meet short-term obligations without external financing.

Following the dip in 2022, the current ratio exhibited a modest recovery to 0.99 in 2023, approaching a more balanced position nearly equivalent to unity. This improvement suggests enhanced liquidity management or increased current assets relative to current liabilities, though it still indicates a delicate liquidity stance. The ratio then slightly decreased again to 0.87 in 2024, reflecting a marginal reduction in liquidity, while in 2025, it modestly increased to 0.92, indicating a slight positive trend towards improved short-term financial stability.

In summary, across the analyzed period, Caseys General Stores Inc. experienced a significant decrease in liquidity from 2021 to 2022, followed by partial recovery over subsequent years. Although the current ratio in 2023 and 2025 remains below the standard benchmark of 1.0, the ratios are relatively close to this threshold, suggesting the company's short-term liquidity position is somewhat fragile but has shown signs of stabilization. Continuous monitoring of liquidity levels is recommended to ensure that the company maintains adequate resources to meet its near-term obligations.