REX American Resources Corporation (REX)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $513,918K
= 0.00
The debt-to-equity ratio for REX American Resources Corporation has consistently been at 0.00 across various reporting periods spanning from October 2019 to January 2024. This consistent ratio indicates that the company has not utilized debt as a significant source of financing compared to equity during these periods. A debt-to-equity ratio of 0.00 implies that there is no debt in the capital structure, meaning the company has been primarily funded by equity. This low or non-existent debt level may suggest a conservative approach to capital structure management, potentially reducing financial risk associated with debt obligations. However, it is essential to consider other factors beyond this ratio when evaluating the financial health and performance of the company.
Peer comparison
Jan 31, 2024