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.