REX American Resources Corporation (REX)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	513,918	492,993	466,560	453,641	447,982	439,472	442,784	436,018	430,792	409,323	399,272	392,609	384,783	381,909	386,354	389,488	401,007	396,565	398,578	395,795
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $513,918K)
= 0.00

The debt-to-capital ratio for REX American Resources Corporation has been consistently at 0.00 for the past several quarters. This indicates that the company has not been utilizing debt financing to fund its operations, as the ratio represents the proportion of a company's capital that is debt-based. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily equity-financed, which could reflect a lower risk profile and potential financial stability. However, it's important to note that a low debt-to-capital ratio may also mean missed opportunities for leveraging debt to optimize capital structure and potentially enhance returns for shareholders. Further analysis of other financial metrics and industry benchmarks would provide additional context and insights into the company's overall financial health and performance.