Caseys General Stores Inc (CASY)
Financial leverage 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total assets | US$ in thousands | 8,208,120 | 8,220,180 | 7,725,570 | 6,496,420 | 6,347,430 | 6,207,010 | 6,227,460 | 6,062,350 | 5,943,270 | 5,840,620 | 5,790,460 | 5,679,140 | 5,505,730 | 5,401,940 | 5,252,110 | 5,075,970 | 4,460,310 | 4,396,990 | 4,323,670 | 4,098,990 |
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 |
Financial leverage ratio | 2.34 | 2.41 | 2.31 | 2.05 | 2.11 | 2.11 | 2.15 | 2.18 | 2.23 | 2.24 | 2.30 | 2.39 | 2.46 | 2.47 | 2.47 | 2.50 | 2.31 | 2.32 | 2.32 | 2.34 |
April 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,208,120K ÷ $3,508,670K
= 2.34
The financial leverage ratio of Caseys General Stores Inc. has demonstrated considerable stability over the analyzed period, with some fluctuations reflecting evolving capital structures. Starting at approximately 2.34 on July 31, 2020, the ratio experienced slight decreases and increases over the subsequent periods, indicating shifts in the company’s use of debt relative to equity.
From July 2020 to April 2021, the leverage ratio remained relatively steady, averaging around 2.32, suggesting a consistent approach to leverage during this period. A notable increase occurred around July 2021, reaching a peak of approximately 2.50, which signals a period where the company increased its reliance on debt financing relative to equity. Following this peak, the ratio generally declined through late 2022 and into 2023, trending towards lower levels such as 2.11 by April 2024, which indicates a reduction in financial leverage and possibly a deleveraging strategy or improved equity base.
However, starting in late 2024 and into 2025, the leverage ratio exhibits upward movement, reaching values around 2.41 by January 2025. This resurgence suggests an increased use of debt again or a change in capital structure dynamics. Throughout the observed timeframe, the ratio’s typical range oscillates roughly between 2.15 and 2.50, implying a moderate level of financial leverage that the company maintains consistently.
Overall, the pattern reflects an organization that has maintained a moderate and relatively stable leverage position with some periods of increased debt utilization and subsequent deleveraging. The fluctuations suggest active management of capital structure objectives aligned with operational needs, market conditions, or strategic growth initiatives.
Peer comparison
Apr 30, 2025