Casey's General Stores (FRA:CS2) LT-Debt-to-Total-Asset : 0.26 (As of Jan. 2024)

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

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 Jan. 2024 was 0.26.

Casey's General Stores's long-term debt to total assets ratio declined from Jan. 2023 (0.28) to Jan. 2024 (0.26). It may suggest that Casey's General Stores is progressively becoming less dependent on debt to grow their business.

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

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.

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

Casey's General Stores Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

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0.34

0.18

0.31

0.30

0.27

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.27	0.26	0.26	0.26

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. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	1477.908	/	5420.262
	=	0.27

Casey's General Stores's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	1453.757	/	5698.039
	=	0.26

Casey's General Stores (FRA:CS2) 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.

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Casey's General Stores (FRA:CS2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Casey's General Stores Inc (FRA:CS2) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CASY:USA

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.

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