REX American Resources Corporation (REX)

Cash ratio

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Cash and cash equivalents	US$ in thousands	223,397	69,612	229,846	144,501	179,658
Short-term investments	US$ in thousands	155,260	211,331	25,877	36,194	26,073
Total current liabilities	US$ in thousands	66,259	54,599	50,483	30,737	31,599
Cash ratio		5.71	5.15	5.07	5.88	6.51

January 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($223,397K + $155,260K) ÷ $66,259K
= 5.71

The cash ratio of REX American Resources Corporation has shown variability over the past five years. The ratio has fluctuated between 5.07 and 6.51, indicating the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio suggests a stronger liquidity position, as seen in 2020 and 2021, when the ratios were 6.51 and 5.88, respectively. In contrast, the ratios in 2022 and 2023 decreased slightly to 5.07 and 5.15, signaling a potential decrease in liquidity. However, the ratio improved in 2024 to 5.71, showing an enhanced ability to meet short-term obligations with cash on hand. Overall, the trend in the cash ratio of REX American Resources Corporation indicates fluctuations in liquidity over the past five years.