Casey's General Stores (Casey's General Stores) Cash-to-Debt

: 0.11 (As of Jan. 2024)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Casey's General Stores's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.11.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Casey's General Stores couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Casey's General Stores's Cash-to-Debt or its related term are showing as below:

CASY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.11 Max: 0.3
Current: 0.11

During the past 13 years, Casey's General Stores's highest Cash to Debt Ratio was 0.30. The lowest was 0.03. And the median was 0.11.

CASY's Cash-to-Debt is ranked worse than
81.52% of 1104 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs CASY: 0.11

Casey's General Stores Cash-to-Debt Historical Data

The historical data trend for Casey's General Stores's Cash-to-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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Casey's General Stores Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

0.05

0.06

0.25

0.09

0.23

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
Cash-to-Debt																0.25	0.23	0.27	0.25	0.11

Competitive Comparison

For the Specialty Retail subindustry, Casey's General Stores's Cash-to-Debt, along with its competitors' market caps and Cash-to-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 Cash-to-Debt Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Casey's General Stores's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Casey's General Stores's Cash-to-Debt falls into.

Casey's General Stores Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Casey's General Stores's Cash to Debt Ratio for the fiscal year that ended in Apr. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	378.869	/	(52.861	+	1620.513)
	=	0.23

Casey's General Stores's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	177.881	/	(53.25	+	1583.613)
	=	0.11

Casey's General Stores (NAS:CASY) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Casey's General Stores Cash-to-Debt Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Casey's General Stores Inc (NAS:CASY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CS2:Germany CS2:Germany

Address

One Se Convenience Boulevard, Ankeny, IA, USA, 50021

Website

https://www.caseys.com

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