REX American Resources Corporation (REX)

Debt-to-assets ratio

		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	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	664,802	627,564	592,936	566,541	579,579	575,039	559,870	548,041	550,361	524,402	505,507	486,140	479,345	475,161	472,338	476,038	500,502	493,572	494,705	492,492
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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

Based on the data provided, the debt-to-assets ratio of REX American Resources Corporation has consistently been reported as 0.00 over the past several reporting periods. A debt-to-assets ratio of 0.00 indicates that the company has not reported any debt in relation to its total assets during these periods. This could imply that REX American Resources Corporation has been operating with a debt-free capital structure, not relying on debt to finance its operations or investments. It suggests that the company is primarily funding its activities through equity or other capital sources. Additionally, a debt-to-assets ratio of 0.00 may also indicate a strong financial position, as it suggests minimal or no financial risk associated with debt obligations. These consistent ratios may reflect a deliberate strategic decision by the company to maintain a low or zero debt level, which can contribute to financial stability and flexibility in the long term.