REX American Resources Corporation (REX)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.00

January 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $513,918K
= 0.00

The debt-to-equity ratio of REX American Resources Corporation has consistently been 0.00 over the past five years, from January 31, 2020, to January 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in its capital structure, meaning that it relies solely on equity financing. This suggests that REX American Resources Corporation has a conservative financial structure with a low risk of default, as it is not relying on borrowed funds to finance its operations or growth.