Casey's General Stores Balance Sheet Health
Financial Health criteria checks 4/6
Casey's General Stores has a total shareholder equity of $3.2B and total debt of $1.5B, which brings its debt-to-equity ratio to 47.6%. Its total assets and total liabilities are $6.5B and $3.3B respectively. Casey's General Stores's EBIT is $740.0M making its interest coverage ratio 13.5. It has cash and short-term investments of $305.0M.
Key information
47.6%
Debt to equity ratio
US$1.51b
Debt
| Interest coverage ratio | 13.5x |
| Cash | US$304.99m |
| Equity | US$3.16b |
| Total liabilities | US$3.33b |
| Total assets | US$6.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CS2's short term assets ($955.0M) do not cover its short term liabilities ($1.1B).
Long Term Liabilities: CS2's short term assets ($955.0M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: CS2's net debt to equity ratio (38%) is considered satisfactory.
Reducing Debt: CS2's debt to equity ratio has reduced from 91.1% to 47.6% over the past 5 years.
Debt Coverage: CS2's debt is well covered by operating cash flow (62.7%).
Interest Coverage: CS2's interest payments on its debt are well covered by EBIT (13.5x coverage).