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