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.