REX American Resources Corporation (REX)

Cash ratio

Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019
Cash and cash equivalents US$ in thousands 223,397 72,828 102,166 77,667 69,612 135,986 54,639 66,685 229,846 197,395 154,312 157,105 144,501 173,075 152,708 163,771 179,658 196,339 212,232 204,704
Short-term investments US$ in thousands 155,260 259,172 182,209 188,143 211,331 153,819 190,471 167,300 25,877 21,620 33,282 35,864 36,194 29,216 32,656 32,601 26,073 — — —
Total current liabilities US$ in thousands 66,259 48,690 47,541 36,189 54,599 57,282 41,953 38,859 50,483 46,535 38,695 29,625 30,737 26,742 21,189 19,869 31,599 24,433 22,267 20,324
Cash ratio 5.71 6.82 5.98 7.35 5.15 5.06 5.84 6.02 5.07 4.71 4.85 6.51 5.88 7.56 8.75 9.88 6.51 8.04 9.53 10.07

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 fluctuations over the past few years. The ratio has ranged from as low as 4.71 to as high as 10.07 in the periods presented. This indicator measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of financing.

In the most recent period (January 31, 2024), the cash ratio stood at 5.71, suggesting that REX American Resources Corporation had a moderate ability to cover its short-term liabilities with its cash reserves. However, it is important to note that the company's cash ratio has been relatively stable around the range of 4.71 to 10.07 in the historical data provided, indicating a consistent level of liquidity management over time.

Overall, while the company maintains a reasonable level of liquidity as indicated by the cash ratio, investors and stakeholders may need to closely monitor any significant deviations from the historical trend to assess the company's financial health and liquidity management strategies.