Caseys General Stores Inc (CASY)

Quick ratio

		Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021	Apr 30, 2020
Cash	US$ in thousands	206,482	378,869	158,878	336,545	78,275
Short-term investments	US$ in thousands	—	—	—	—	—
Receivables	US$ in thousands	17,066	23,347	44,071	9,578	14,667
Total current liabilities	US$ in thousands	953,466	927,125	904,678	612,749	1,063,430
Quick ratio		0.23	0.43	0.22	0.56	0.09

April 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($206,482K + $—K + $17,066K) ÷ $953,466K
= 0.23

The quick ratio of Caseys General Stores Inc has shown fluctuations over the past five years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.

In April 2024, the quick ratio was 0.23, indicating that the company had only $0.23 in liquid assets available to cover each $1 of current liabilities. This represents a significant decrease compared to the previous year when the quick ratio was 0.43 in April 2023.

The quick ratio was also relatively low in April 2022 at 0.22, suggesting a similar trend of challenges in meeting short-term obligations with liquid assets. However, there was a notable improvement in April 2021 when the quick ratio increased to 0.56, indicating a better liquidity position that year.

The quick ratio was particularly weak in April 2020 at 0.09, which may have raised concerns about the company's ability to cover its short-term obligations with readily available assets.

Overall, the fluctuating quick ratio of Caseys General Stores Inc over the past five years suggests varying degrees of liquidity challenges and highlights the importance of monitoring the company's ability to manage its short-term financial obligations effectively.