Caseys General Stores Inc (CASY)

Current 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
Total current assets	US$ in thousands	1,012,850	1,099,660	978,694	955,002	829,854	781,004	1,010,710	1,022,190	920,955	958,204	993,343	902,854	725,035	660,780	795,021	671,266	723,633	744,778	728,818	558,091
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
Current ratio		0.92	0.92	0.88	0.84	0.87	0.89	1.06	1.09	0.99	1.10	1.08	0.96	0.80	0.84	0.99	0.91	1.18	1.28	1.30	1.05

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 July 31, 2020, to April 30, 2025, reveals a generally stable liquidity position with some fluctuations. Initially, the current ratio was at 1.05 in July 2020, indicating that the company's current assets slightly exceeded current liabilities. The ratio saw an upward trend shortly thereafter, reaching a peak of 1.30 in October 2020 and maintaining a high level of approximately 1.28 by January 2021. This suggests a period where the company's short-term liquidity was relatively strong.

Subsequently, the ratio exhibited a declining trend, reaching a low of 0.80 in April 2022. During this period, the company's liquidity position weakened, as current assets became relatively less sufficient to cover current liabilities. Nevertheless, from mid-2022 onward, the ratios indicate some recovery, with values rising back above 1.0, reaching 1.10 in January 2023 and maintaining a range around 1.06 to 1.09 through October 2023.

In the most recent data, the current ratio shows slight fluctuations but remains close to the 0.84 to 0.92 range. As of October 31, 2024, the ratio stood at 0.88, and in January 2025, it increased modestly to 0.92. These figures suggest that, in recent periods, the company's short-term liquidity is slightly below or near the generally accepted benchmark of 1.0, implying that current assets are just adequate or slightly insufficient to meet current liabilities.

Overall, the company has maintained a current ratio generally around 1.0, with some periods of relative strength and weakness. The recent trend indicates cautious liquidity management, with the company operating at a level where fluctuations could be sensitive to changes in asset structure or liabilities. This pattern warrants ongoing monitoring to ensure that liquidity remains within acceptable thresholds for operational stability.