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