REX American Resources Corporation (REX)
Solvency ratios
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.29 | 1.29 | 1.28 | 1.25 | 1.25 |
The solvency ratios of REX American Resources Corporation show consistently low levels of debt relative to its assets, capital, and equity over the five-year period from January 31, 2020, to January 31, 2024. The debt-to-assets, debt-to-capital, and debt-to-equity ratios all remained at 0.00 during this time frame, indicating that the company has not relied heavily on debt financing to fund its operations or investments.
The financial leverage ratio, which measures the proportion of a company's debt to its equity, increased slightly from 1.25 in January 2020 to 1.29 in January 2024. This indicates that the company's reliance on debt relative to equity has marginally increased over the period.
Overall, the consistently low debt ratios suggest that REX American Resources Corporation maintains a strong financial position with minimal debt obligations, which could enhance its ability to weather economic downturns or pursue growth opportunities. However, the slight uptick in the financial leverage ratio may warrant further monitoring to ensure that the company's debt levels remain sustainable in the long term.
Coverage ratios
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | 488.65 | -82.63 | -4.88 |
The interest coverage ratio for REX American Resources Corporation has been volatile over the past five years, ranging from a negative figure of -4.88 in January 2020 to a high of 488.65 in January 2022. The negative ratios in 2020 and 2021 indicate that the company did not generate enough earnings to cover its interest expenses during those periods. However, the significant improvement in 2022 suggests a much healthier position, with earnings far exceeding interest expenses. It would be important to further investigate the factors contributing to the fluctuation in the interest coverage ratio to assess the overall financial health and stability of the company.