• Casey's General Stores average debt/equity ratio for 2023 was 0.59, a 18.06% increase from 2022.
• Casey's General Stores average debt/equity ratio for 2022 was 0.72, a 5.26% decline from 2021.
• Casey's General Stores average debt/equity ratio for 2021 was 0.76, a 28.81% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.