Casey's General Stores Balance Sheet Health
Financial Health criteria checks 3/6
Casey's General Stores has a total shareholder equity of $2.9B and total debt of $1.5B, which brings its debt-to-equity ratio to 52.2%. Its total assets and total liabilities are $6.2B and $3.3B respectively. Casey's General Stores's EBIT is $681.8M making its interest coverage ratio 13.2. It has cash and short-term investments of $177.9M.
Key information
52.2%
Debt to equity ratio
US$1.54b
Debt
Interest coverage ratio | 13.2x |
Cash | US$177.88m |
Equity | US$2.95b |
Total liabilities | US$3.26b |
Total assets | US$6.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CS2's short term assets ($781.0M) do not cover its short term liabilities ($880.9M).
Long Term Liabilities: CS2's short term assets ($781.0M) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: CS2's net debt to equity ratio (46.1%) is considered high.
Reducing Debt: CS2's debt to equity ratio has reduced from 96.5% to 52.2% over the past 5 years.
Debt Coverage: CS2's debt is well covered by operating cash flow (55.3%).
Interest Coverage: CS2's interest payments on its debt are well covered by EBIT (13.2x coverage).