REX American Resources Corporation (REX)

Current ratio

Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Total current assets US$ in thousands 452,103 372,644 345,167 258,750 271,135
Total current liabilities US$ in thousands 66,259 54,599 50,483 30,737 31,599
Current ratio 6.82 6.83 6.84 8.42 8.58

January 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $452,103K ÷ $66,259K
= 6.82

The current ratio of REX American Resources Corporation has remained stable over the past five years, ranging from 6.82 to 8.58. This indicates a consistently strong liquidity position, with the company having more than enough current assets to cover its current liabilities. A current ratio above 1 suggests that the company can meet its short-term obligations comfortably. Despite some minor fluctuations, the current ratio has generally been well above the industry average, reflecting REX's efficient management of working capital. Overall, the trend in the current ratio suggests that REX American Resources Corporation has maintained a healthy liquidity position over the years.


Peer comparison

Jan 31, 2024