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Casey's General Stores (Casey's General Stores) Effective Interest Rate on Debt %

: 3.44% (As of Jan. 2024)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Casey's General Stores's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $57 Mil. Casey's General Stores's average total debt for the quarter that ended in Jan. 2024 was $1,643 Mil. Therefore, Casey's General Stores's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 3.44%.


Casey's General Stores Effective Interest Rate on Debt % Historical Data

The historical data trend for Casey's General Stores's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Casey's General Stores Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.09 3.84 3.37 3.73 3.08

Casey's General Stores Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.80 3.06 3.01 2.98 3.44

Competitive Comparison

For the Specialty Retail subindustry, Casey's General Stores's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Casey's General Stores Effective Interest Rate on Debt % Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Casey's General Stores's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Casey's General Stores's Effective Interest Rate on Debt % falls into.



Casey's General Stores Effective Interest Rate on Debt % Calculation

Casey's General Stores's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Apr. 2022 )+Total Debt  (A: Apr. 2023 ))/ count )
=-1  *  -51.815/( (1687.869+1673.374)/ 2 )
=-1  *  -51.815/1680.6215
=3.08 %

where

Total Debt  (A: Apr. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1663.403 + 24.466
=1687.869

Total Debt  (A: Apr. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1620.513 + 52.861
=1673.374

Casey's General Stores's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -56.584/( (1649.952+1636.863)/ 2 )
=-1  *  -56.584/1643.4075
=3.44 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1596.786 + 53.166
=1649.952

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1583.613 + 53.25
=1636.863

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Casey's General Stores  (NAS:CASY) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Casey's General Stores Effective Interest Rate on Debt % Related Terms

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Casey's General Stores (Casey's General Stores) Business Description

Traded in Other Exchanges
Address
One Se Convenience Boulevard, Ankeny, IA, USA, 50021
Casey's General Stores Inc owns and operates over 2,500 convenience stores in multiple Midwestern states of the U.S. The stores provide self-service gasoline, grocery items, and processed foods such as pizza, donuts, and sandwiches. Casey's operates its own distribution centres, delivering its in-store products and fuel supplies. The company owns of its real estate, including nearly all of the stores, distribution centres, and some of its subsidiaries' facilities. More than half of the company's stores are located in areas with populations of fewer than 5,000 people.
Executives
Mike Spanos director PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Brennan Thomas P Jr officer: SVP, Chief Merch. Officer ONE SE CONVENIENCE BOULEVARD, ANKENY IA 50021
Sri Donthi director 5008 AIRPORT ROAD NW, ROANOKE VA 24021
Katrina S Lindsey officer: Chief Legal Officer & Sec. ONE SE CONVENIENCE BLVD., ANKENY IA 50021
Larree M Renda director
Greg Trojan director ONE ICON, FOOTHILL RANCH CA 92610
Julia L Jackowski officer: SVP, Corp Gen Counsel & HR CASEY'S GENERAL STORES, INC., ONE CONVENIENCE BLVD., PO BOX 3001, ANKENY IA 50021
Diane C Bridgewater director 8161 HEATHER BOW, JOHNSTON IA 50131
Brian Joseph Johnson officer: SVP, Store Development CASEY'S GENERAL STORES, INC., ONE CONVENIENCE BLVD., ANKENY IA 50021
Williams Ena Koschel officer: Chief Operating Officer 15455 DALLAS PARKWAY, SUITE 550, ADDISON TX 75001
Bramlage Stephen P Jr officer: Chief Financial Officer ARAMARK, 1101 MARKET STREET, PHILADELPHIA PA 19107
Adrian M Butler officer: Chief Information Officer 111 NORTH CANAL STREET, SUITE 850, CHICAGO IL 60606
William J Walljasper officer: Senior VP and CFO ONE CONVENIENCE BLVD, PO BOX 3001, ANKENY IA 50021
Chad Michael Frazell officer: SVP, Chief HR Officer TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Allison M. Wing director 1909 HUMBOLDT AVENUE, MINNEAPOLIS MN 55403