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.