REX American Resources Corporation (REX)

Quick ratio

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Cash	US$ in thousands	223,397	69,612	229,846	144,501	179,658
Short-term investments	US$ in thousands	155,260	211,331	25,877	36,194	26,073
Receivables	US$ in thousands	28,913	28,124	32,498	25,733	18,998
Total current liabilities	US$ in thousands	66,259	54,599	50,483	30,737	31,599
Quick ratio		6.15	5.66	5.71	6.72	7.11

January 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($223,397K + $155,260K + $28,913K) ÷ $66,259K
= 6.15

The quick ratio of REX American Resources Corporation has exhibited a consistent decreasing trend over the past five years, moving from 7.11 in January 2020 to 6.15 in January 2024. Despite the decline, the quick ratio remains at relatively high levels, indicating that the company has a strong ability to meet its short-term obligations using its most liquid assets. The gradual decrease in the quick ratio may suggest a slight decrease in liquidity over time, but the company still maintains a healthy liquidity position overall. Investors and analysts may want to monitor this trend to ensure that the company can continue to meet its short-term financial commitments efficiently.