REX American Resources Corporation (REX)
Quick ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 196,255 | 223,397 | 69,612 | 229,846 | 144,501 |
| Short-term investments | US$ in thousands | 162,820 | 155,260 | 211,331 | 25,877 | 36,194 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 50,443 | 66,259 | 54,599 | 50,483 | 30,737 |
| Quick ratio | 7.12 | 5.71 | 5.15 | 5.07 | 5.88 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($196,255K
+ $162,820K
+ $—K)
÷ $50,443K
= 7.12
The quick ratio of REX American Resources Corporation has shown a relatively stable and healthy trend over the past five years. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets. With a quick ratio consistently above 1, the company demonstrates a strong ability to cover its current liabilities using its liquid assets.
As of January 31, 2025, the quick ratio stands at 7.12, indicating that the company has $7.12 in liquid assets available to cover each dollar of its current liabilities. This level of liquidity is considered very high and suggests that REX American Resources Corporation is well-equipped to meet its short-term financial obligations without having to rely heavily on selling inventory or other less liquid assets.
Overall, the consistent and robust quick ratio trend seen in the financial data indicates that REX American Resources Corporation has a solid financial position and is effectively managing its liquidity to ensure financial stability and meet its short-term obligations.
Peer comparison
Jan 31, 2025