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