REX American Resources Corporation (REX)
Debt-to-capital ratio
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 513,918 | 447,982 | 430,792 | 384,783 | 401,007 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
January 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $513,918K)
= 0.00
The debt-to-capital ratio of REX American Resources Corporation has consistently been reported as 0.00 over the past five years (from January 31, 2020, to January 31, 2024). This indicates that the company has not utilized any debt to finance its operations relative to its capital structure during these periods. A debt-to-capital ratio of 0.00 signifies that the company's capital structure is primarily composed of equity rather than debt, reflecting a conservative financial leverage approach. It suggests that REX American Resources Corporation has been able to fund its operations and investments primarily through equity and retained earnings, which may indicate financial stability and a lower level of financial risk associated with debt obligations.
Peer comparison
Jan 31, 2024