REX American Resources Corporation (REX)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 720,008 | 715,662 | 680,009 | 671,019 | 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 |
| 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, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $720,008K
= 0.00
The debt-to-assets ratio of REX American Resources Corporation has consistently been at 0.00 over the period from April 30, 2020, to January 31, 2025. This indicates that the company has had no debt in relation to its total assets during this time frame. A debt-to-assets ratio of 0.00 suggests that the company is financing its operations primarily through equity rather than taking on debt. This can be perceived positively by investors and creditors as it signifies a lower financial risk and potential for greater financial stability. REX American Resources Corporation's strong financial position, reflected in its consistently low debt-to-assets ratio, may provide it with the flexibility to pursue growth opportunities and weather economic downturns more effectively.
Peer comparison
Jan 31, 2025