Caseys General Stores Inc (CASY)

Quick ratio

		Apr 30, 2025	Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021
Cash	US$ in thousands	326,662	206,482	378,869	158,878	336,545
Short-term investments	US$ in thousands	—	—	—	—	—
Receivables	US$ in thousands	181,516	168,859	143,894	152,099	89,276
Total current liabilities	US$ in thousands	1,101,690	953,466	927,125	904,678	612,749
Quick ratio		0.46	0.39	0.56	0.34	0.69

April 30, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($326,662K + $—K + $181,516K) ÷ $1,101,690K
= 0.46

The quick ratio of Caseys General Stores Inc. demonstrates fluctuations over the recent fiscal years, reflecting variations in short-term liquidity relative to its most liquid assets. As of April 30, 2021, the quick ratio stood at 0.69, indicating that the company had $0.69 in liquid assets (excluding inventory) for every dollar of current liabilities, which suggests a moderate liquidity position. By April 30, 2022, the ratio declined significantly to 0.34, signaling a deterioration in short-term liquidity and implying that liquid assets covered only about one-third of current liabilities. The subsequent year, April 30, 2023, saw an improvement to 0.56, indicating a partial recovery in liquidity position, though still below the ideal threshold of 1.0. In the year ending April 30, 2024, the ratio decreased again to 0.39, reflecting a further weakening of liquidity. However, by April 30, 2025, the ratio increased modestly to 0.46, suggesting a slight strengthening in liquidity, although it remains below the commonly accepted benchmark of 1.0. Overall, the trend indicates an inconsistent short-term liquidity profile, with the company's ability to meet short-term obligations using its most liquid assets remaining below optimal levels throughout the analyzed period.