REX American Resources Corporation (REX)

Current 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
Total current assets	US$ in thousands	435,819	436,497	418,914	421,613	452,103	418,085	387,943	360,956	372,644	374,020	357,332	342,882	345,167	307,242	284,699	269,781	258,750	253,005	246,939	247,138
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
Current ratio		8.64	9.93	8.07	6.72	6.82	8.59	8.16	9.97	6.83	6.53	8.52	8.82	6.84	6.60	7.36	9.11	8.42	9.46	11.65	12.44

January 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $435,819K ÷ $50,443K
= 8.64

The current ratio of REX American Resources Corporation has shown fluctuations over the past few years. As of January 31, 2025, the current ratio was 8.64. This indicates that the company had $8.64 in current assets for every $1 in current liabilities, reflecting a strong liquidity position. However, it's important to note that the current ratio has varied between 6.53 and 12.44 during the period from April 30, 2020, to January 31, 2025.

The decreasing trend in the current ratio from a high of 12.44 in April 2020 to a low of 6.53 in October 31, 2022, may raise concerns about the company's ability to meet its short-term obligations. However, the ratio has shown some recovery and stability in recent periods.

Overall, monitoring the current ratio of REX American Resources Corporation along with other liquidity metrics is crucial for evaluating the company's ability to manage its short-term financial obligations effectively.