REX American Resources Corporation (REX)
Cash ratio
Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 196,255 | 298,249 | 261,040 | 231,200 | 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 |
Short-term investments | US$ in thousands | 162,820 | 66,826 | 84,942 | 120,564 | 155,260 | 259,172 | 182,209 | 188,143 | 211,331 | 153,819 | 190,471 | 167,347 | 25,877 | 21,620 | 33,282 | 35,864 | 36,194 | 29,216 | 32,656 | 32,601 |
Total current liabilities | US$ in thousands | 50,443 | 43,960 | 51,909 | 62,700 | 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 |
Cash ratio | 7.12 | 8.30 | 6.67 | 5.61 | 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 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($196,255K
+ $162,820K)
÷ $50,443K
= 7.12
The cash ratio of REX American Resources Corporation provides insight into the company's ability to cover its short-term liabilities with its cash and cash equivalents. Looking at the historical trend, the cash ratio has shown fluctuations over the period from April 2020 to January 2025.
The cash ratio decreased from 9.88 in April 2020 to 4.71 in October 2021, indicating a reduction in the company's ability to cover its short-term obligations solely with its cash and cash equivalents. However, there was a slight improvement in the cash ratio to 7.35 in April 2023, suggesting an increase in the company's liquidity position.
Despite some fluctuations, the cash ratio generally ranged between 4.71 and 9.88 over the period analyzed. It is essential for investors and stakeholders to monitor the cash ratio closely as it reflects the company's short-term liquidity position and its ability to meet its immediate financial obligations.
Peer comparison
Jan 31, 2025