REX American Resources Corporation (REX)

Debt-to-assets ratio

Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 664,802 579,579 550,361 479,345 500,502
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

January 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $664,802K
= 0.00

The debt-to-assets ratio of REX American Resources Corporation has consistently been 0.00 over the past five years, from January 31, 2020, to January 31, 2024. This indicates that the company has not used debt to finance its operations or acquisitions during this period. A debt-to-assets ratio of 0.00 signifies that the company's total debt is zero relative to its total assets, implying a very strong financial position in terms of solvency and a low level of financial risk. However, it is important to note that while a debt-free status may indicate financial stability, it may also suggest missed opportunities for leveraging debt to potentially enhance returns on equity.


Peer comparison

Jan 31, 2024