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.
Peer comparison
Jan 31, 2024