REX American Resources Corporation (REX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 196,255 | 298,249 | 261,040 | 231,200 | 223,397 | 72,828 | 102,166 | 77,667 | 69,612 | 135,986 | 54,639 | 66,685 | 229,846 | 197,395 | 154,312 | 157,105 | 144,501 | 173,075 | 152,708 | 163,771 |
| Short-term investments | US$ in thousands | 162,820 | 66,826 | 84,942 | 120,564 | 155,260 | 259,172 | 182,209 | 188,143 | 211,331 | 153,819 | 190,471 | 167,347 | 25,877 | 21,620 | 33,282 | 35,864 | 36,194 | 29,216 | 32,656 | 32,601 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 7.12 | 8.30 | 6.67 | 5.61 | 5.71 | 6.82 | 5.98 | 7.35 | 5.15 | 5.06 | 5.84 | 6.02 | 5.07 | 4.71 | 4.85 | 6.51 | 5.88 | 7.56 | 8.75 | 9.88 |
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, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated by dividing the total of cash, cash equivalents, and accounts receivable by the total current liabilities.
For REX American Resources Corporation, the quick ratio has fluctuated over the past few years. 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 current liabilities. This suggests that the company has a strong liquidity position and is capable of meeting its short-term financial obligations.
Looking at the trend of the quick ratio over time, we observe some variability in the ratio. It peaked at 9.88 on April 30, 2020, and has since fluctuated, reaching its lowest point of 4.71 on October 31, 2021. Subsequently, the ratio has shown some recovery, with fluctuations seen in the following periods.
Overall, the quick ratio for REX American Resources Corporation reflects a generally healthy liquidity position, with the company maintaining a sufficient level of liquid assets to cover its short-term liabilities. This indicates that the company is well-positioned to manage its immediate financial commitments and suggests a degree of financial stability in the short term.
Peer comparison
Jan 31, 2025