Caseys General Stores Inc (CASY)

Financial leverage ratio

		Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021	Apr 30, 2020
Total assets	US$ in thousands	6,347,430	5,943,270	5,505,730	4,460,310	3,943,890
Total stockholders’ equity	US$ in thousands	3,015,380	2,660,670	2,240,840	1,932,680	1,643,200
Financial leverage ratio		2.11	2.23	2.46	2.31	2.40

April 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,347,430K ÷ $3,015,380K
= 2.11

Caseys General Stores Inc's financial leverage ratio has shown a slight declining trend over the past five years, decreasing from 2.40 in 2020 to 2.11 in 2024. This indicates that the company has been reducing its reliance on debt to finance its operations. A lower financial leverage ratio generally suggests lower financial risk as the company is using less debt to support its assets. It is important to continue monitoring this ratio to ensure the company maintains a healthy balance between debt and equity in its capital structure.