CASY (Casey's General Stores) LT-Debt-to-Total-Asset: 0.31 (As of Apr. 2026)

What is Casey's General Stores LT-Debt-to-Total-Asset?

Casey's General Stores CASY -0.85% 84 LT-Debt-to-Total-Asset is 0.31 as of Apr. 2026. GuruFocus rates CASY with a GF Score™ of 84/100 and a GF Value™ of $480.72 (Significantly Overvalued). The stock has 1 warning sign investors should review.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Casey's General Stores's long-term debt to total assests ratio for the quarter that ended in Apr. 2026 was 0.31.

Casey's General Stores's long-term debt to total assets ratio declined from Apr. 2025 (0.35) to Apr. 2026 (0.31). It may suggest that Casey's General Stores is progressively becoming less dependent on debt to grow their business.

Casey's General Stores (NAS:CASY) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Casey's General Stores LT-Debt-to-Total-Asset Related Terms

Casey's General Stores LT-Debt-to-Total-Asset Historical Data

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The historical data trend for Casey's General Stores's LT-Debt-to-Total-Asset 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.

Casey's General Stores LT-Debt-to-Total-Asset Chart

Casey's General Stores Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Apr25

Apr26

LT-Debt-to-Total-Asset

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0.30

0.27

0.35

0.31

Casey's General Stores Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26	Apr26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.35	0.33	0.33	0.33	0.31

84GF Score

Casey's General Stores Inc CASY

LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.

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Casey's General Stores LT-Debt-to-Total-Asset Calculation

Casey's General Stores's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2026 is calculated as

LT Debt to Total Assets (A: Apr. 2026 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2026 )	/	Total Assets (A: Apr. 2026 )
	=	2789.521	/	8936.055
	=	0.31

Casey's General Stores's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2026 is calculated as

LT Debt to Total Assets (Q: Apr. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2026 )	/	Total Assets (Q: Apr. 2026 )
	=	2789.521	/	8936.055
	=	0.31

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.31 mean?

Casey's General Stores (CASY) has a LT-Debt-to-Total-Asset of 0.31 as of Apr. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Casey's General Stores and its competitors.

Is Casey's General Stores' LT-Debt-to-Total-Asset too high?

Casey's General Stores' current LT-Debt-to-Total-Asset is 0.31. Overall, Casey's General Stores has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Casey's General Stores' LT-Debt-to-Total-Asset compare to WSM and ULTA?

Casey's General Stores' LT-Debt-to-Total-Asset of 0.31 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for a Retail - Cyclical company?

A good LT-Debt-to-Total-Asset depends on the Retail - Cyclical industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Casey's General Stores and its competitors. Casey's General Stores's current LT-Debt-to-Total-Asset is 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Casey's General Stores stock overvalued right now?

Based on GuruFocus' analysis, Casey's General Stores (CASY) is currently considered Significantly Overvalued. The stock's GF Value™ is $480.72, compared to a current price of $778.91 — trading 62% above its estimated fair value. The current LT-Debt-to-Total-Asset is 0.31. Casey's General Stores' overall GF Score™ is 84/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Casey's General Stores (CASY), the current LT-Debt-to-Total-Asset is 0.31 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Casey's General Stores (CASY) Overvalued in 2026?

Based on GuruFocus' analysis, Casey's General Stores stock appears to be overvalued. The current stock price of $778.91 is trading 62% above its estimated GF Value™ of $480.72. GuruFocus considers Casey's General Stores to be Significantly Overvalued.

Key valuation signals for CASY:

LT-Debt-to-Total-Asset: 0.31
GF Value™: $480.72 vs. price of $778.91 (62% above fair value)
GF Score™: 84/100 with 1 warning sign

No single metric tells the full story. See the CASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Casey's General Stores Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies WSM ULTA DKS TSCO BBY FIVE GME MUSA BBWI MNSO TSX:ATD XJAM:ASBH SHSE:601888 ADX:ADNOCDIST TPE:3045 XSWX:AVOL BSP:VBBR3 TSX:CTC.A TSE:8136 ASX:JBH

Other Exchanges CASY:Mexico CS2:Germany

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

Website https://www.caseys.com

Casey's General Stores Inc serves as convenience store chain with its 2,900 locations, positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two-thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates the majority of its warehousing and distribution processes internally.

84GF Score

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$778.91

Price

$480.72

GF Value

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