Caseys General Stores Inc (CASY)

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

The debt-to-equity ratio for Caseys General Stores Inc has persisted at zero across all reported periods, from July 31, 2020, through October 31, 2025. This consistent pattern indicates that the company has maintained a net debt-free capital structure throughout this timeframe, utilizing primarily equity financing rather than borrowed funds to finance its operations and growth initiatives. Such a stable and low or zero debt-to-equity ratio often suggests a conservative approach to leverage, potentially reflecting a strategic preference for minimal financial risk associated with debt financing. It may also imply that the company has relied on retained earnings or equity issuance rather than external debt, positioning itself with a strong equity cushion and potentially greater financial flexibility.