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.


Peer comparison

Jan 31, 2024