Caseys General Stores Inc (CASY)

Debt-to-capital 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	3,508,670	3,417,320	3,337,450	3,162,920	3,015,380	2,947,460	2,897,390	2,776,300	2,660,670	2,606,780	2,512,820	2,380,050	2,240,840	2,185,610	2,123,130	2,030,660	1,932,680	1,893,590	1,859,850	1,751,240
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

April 30, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,508,670K)
= 0.00

Based on the provided data, the debt-to-capital ratio for Caseys General Stores Inc remains consistently at 0.00 across all reported periods from July 31, 2020, through April 30, 2025. This indicates that during this timeframe, the company has not reported any long-term or short-term debt relative to its total capital. The absence of debt suggests a capital structure that is entirely equity-financed or involves no leverage, reflecting a conservative financing approach or strong internal cash flows that negate the need for external borrowing. Such a stable, debt-free position over multiple periods is unusual for a retail chain of its size, and it could be indicative of policies favoring debt avoidance, or potentially, conservative accounting or reporting practices. Nonetheless, this consistent zero value offers limited insight into the company's leverage strategy or financial risk profile related to debt financing during the specified periods.