REX American Resources Corporation (REX)

Debt-to-capital ratio

		Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	560,337	513,918	447,982	430,792	384,783
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

January 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $560,337K)
= 0.00

Based on the provided data, REX American Resources Corporation has consistently maintained a debt-to-capital ratio of 0.00 from January 31, 2021, to January 31, 2025. This indicates that the company has not utilized debt as a significant component of its capital structure during this period. A debt-to-capital ratio of 0.00 signifies that the company has either no debt or a negligible amount of debt in relation to its total capital, which includes both debt and equity.

A debt-to-capital ratio of 0.00 reflects a low financial risk associated with debt obligations as the company relies more on equity financing or has managed to pay off its debt completely. This may suggest financial stability and sound financial management practices, as the company is not heavily burdened by debt servicing costs and is less vulnerable to economic downturns or interest rate fluctuations that could negatively impact highly leveraged firms.

It is important to note that while a low debt-to-capital ratio can be a positive indicator, it is also essential to consider the reasons behind this ratio. Further analysis of the company's overall capital structure, profitability, cash flow, and investment activities would provide a more comprehensive understanding of REX American Resources Corporation's financial health and performance.