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.
Peer comparison
Apr 30, 2025