Caseys General Stores Inc (CASY)
Interest coverage
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 709,601 | 639,333 | 497,700 | 454,049 | 395,467 |
| Interest expense | US$ in thousands | 53,441 | 51,815 | 56,972 | 46,679 | 53,419 |
| Interest coverage | 13.28 | 12.34 | 8.74 | 9.73 | 7.40 |
April 30, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $709,601K ÷ $53,441K
= 13.28
Caseys General Stores Inc's interest coverage has shown a positive trend over the past five years, indicating the company's ability to meet its interest obligations from operating profits. The interest coverage ratio has steadily increased from 7.40 in 2020 to 13.28 in 2024. This improvement suggests that the company's earnings are more than sufficient to cover its interest expenses, providing a buffer against potential financial risks. Overall, the consistent growth in the interest coverage ratio reflects positively on Caseys General Stores Inc's financial stability and ability to service its debt obligations.
Peer comparison
Apr 30, 2024