Caseys General Stores Inc (CASY)

Quick 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
Cash US$ in thousands 326,662 394,815 351,723 304,988 206,482 177,881 409,891 439,112 378,869 413,199 414,798 312,364 158,878 186,921 311,698 198,928 336,545 388,946 404,685 246,516
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Receivables US$ in thousands 180,746 183,155 156,407 164,926 168,859 158,456 149,118 133,726 143,894 133,439 157,491 166,989 152,099 101,555 107,829 117,378 89,276 66,617 56,109 55,647
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
Quick ratio 0.46 0.48 0.46 0.42 0.39 0.38 0.59 0.61 0.56 0.63 0.62 0.51 0.34 0.37 0.52 0.43 0.69 0.78 0.82 0.57

April 30, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($326,662K + $—K + $180,746K) ÷ $1,101,690K
= 0.46

The quick ratio of Caseys General Stores Inc. over the analyzed period illustrates fluctuations indicative of the company's short-term liquidity position. Beginning at 0.57 on July 31, 2020, the ratio increased notably to 0.82 by October 31, 2020, suggesting an improvement in the company's ability to meet its immediate obligations with liquid assets.

However, subsequent periods reflect a pattern characterized by oscillations and a general declining trend observed from the peak, with the ratio decreasing to 0.78 in January 2021, then to 0.69 in April 2021. The ratio notably declines to a low of 0.37 by January 2022, indicating a period of decreased liquidity and potentially increased liquidity risk during that timeframe.

Following this trough, the ratio shows signs of recovery, reaching approximately 0.62 in October 2022 and maintaining a value above 0.50 through mid-2023, with the ratio at 0.61 in October 2023. This suggests an improved short-term liquidity position compared to earlier levels. Nevertheless, the ratio remains below the commonly preferred benchmark of 1.0, indicating that liquid assets still do not fully cover current liabilities during these periods.

Moving into 2024 and early 2025, the ratio displays a slight upward trend, ranging from 0.38 in January 2024 to a peak of 0.48 in January 2025. Despite this incremental increase, the ratio remains below 0.5, reflecting ongoing challenges in maintaining high liquidity levels relative to current liabilities.

In summary, Caseys General Stores Inc. has experienced significant variability in its quick ratio over the observed period, with periods of both improvement and decline. The overall trend suggests that while the company's short-term liquidity has fluctuated, it has generally remained below the ideal benchmark of 1.0, indicating persistent liquidity constraints that could impact its ability to efficiently meet immediate financial obligations without relying on inventory sales or additional liquidity sources.