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.
Peer comparison
Jan 31, 2024