Caseys General Stores Inc (CASY)

The interest coverage ratios for Caseys General Stores Inc. over the specified periods reflect a generally healthy capacity to meet interest obligations from operating earnings. As of April 30, 2021, the ratio stood at 9.69, indicating that the company's earnings before interest and taxes (EBIT) were approximately 9.69 times greater than its interest expenses, suggesting a strong financial position relative to interest obligations at that time.

In the subsequent year ending April 30, 2022, the ratio declined slightly to 8.73, which, while a decrease, still indicates a robust buffer to cover interest expenses—implying the company's profitability was slightly lower or interest expenses were somewhat higher relative to EBIT compared to the prior year.

By April 30, 2023, the ratio increased to 10.72, highlighting an improvement in the company's ability to service its interest obligations. This uptick suggests either an increase in operational earnings, a reduction in interest expenses, or a combination of both, which enhances financial stability.

The ratio remained relatively stable into April 30, 2024, at 10.89, indicating consistency in the company's earnings capacity to cover interest costs, and further emphasizing a strong financial cushion.

Notably, by April 30, 2025, the interest coverage ratio is not available, which might suggest a change in reporting practices or insufficient data. The absence of this ratio precludes a direct comparison with previous years but does not necessarily imply a deterioration in financial health.

Overall, the trend from 2021 through 2024 shows that Caseys General Stores Inc. has maintained a solid interest coverage ratio, predominantly well above 3.0, which is generally considered adequate. The ratios throughout this period reflect a stable and strong ability to meet interest expenses from earnings, underscoring prudent financial management and a resilient earnings base.

Peer comparison

Apr 30, 2025