Caseys General Stores Inc (CASY)
Financial leverage ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 8,208,120 | 6,347,430 | 5,943,270 | 5,505,730 | 4,460,310 |
| Total stockholders’ equity | US$ in thousands | 3,508,670 | 3,015,380 | 2,660,670 | 2,240,840 | 1,932,680 |
| Financial leverage ratio | 2.34 | 2.11 | 2.23 | 2.46 | 2.31 |
April 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,208,120K ÷ $3,508,670K
= 2.34
The financial leverage ratio for Caseys General Stores Inc. demonstrates variability over the analyzed period from April 30, 2021, to April 30, 2025. Specifically, the ratio was 2.31 in 2021, indicating that the company's total assets were approximately 2.31 times financed through debt relative to equity. This ratio increased to 2.46 in 2022, reaching its peak within the period, which suggests a heightened reliance on debt financing during that year. Subsequently, the ratio declined to 2.23 in 2023, indicating a modest reduction in leverage, and further decreased to 2.11 in 2024, implying a continued reduction in debt relative to equity. By April 30, 2025, the ratio rose slightly again to 2.34, indicating a slight increase in leverage compared to the immediate prior year, but remaining below the 2022 peak. Overall, the trend reflects some fluctuation in the company's leverage stance, with periods of increased financial leverage interspersed with phases of relative reduction, suggesting a dynamic approach to debt management over the observed timeframe.
Peer comparison
Apr 30, 2025