REX American Resources Corporation (REX)
Solvency ratios
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.28 | 1.27 | 1.26 | 1.28 | 1.29 | 1.27 | 1.27 | 1.25 | 1.29 | 1.31 | 1.26 | 1.26 | 1.28 | 1.28 | 1.27 | 1.24 | 1.25 | 1.24 | 1.22 | 1.22 |
The solvency ratios of REX American Resources Corporation, based on the provided data, indicate a consistently low level of debt compared to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have consistently remained at 0.00 across the reported periods, suggesting that the company has effectively managed its debt in relation to its total assets, capital, and equity.
Furthermore, the Financial leverage ratio has shown some fluctuation but generally remained at a moderate level over the years. The ratio started at 1.22 in April 2020, increased slightly to 1.31 by October 2022, and then stabilized around 1.27 in the most recent periods. This indicates that while the company's debt level relative to its equity and assets has slightly fluctuated, it has generally maintained a moderate financial leverage position.
Overall, the solvency ratios suggest that REX American Resources Corporation has maintained a strong solvency position with low levels of debt and a stable financial leverage ratio over the reported periods. This indicates a healthy balance between debt and assets, capital, and equity, which may indicate a lower financial risk for the company.
Coverage ratios
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 5.51 | 9.40 | 8.94 | 4.22 | 5.29 | 2.15 | 1.16 | 2.04 | 4.80 | 7.72 | 192.15 | 5,157.15 | — | — | — | — | — | — | — |
The interest coverage ratio of REX American Resources Corporation has shown fluctuations over the past few years based on the provided data. The interest coverage ratio is a measure of a company's ability to meet its interest obligations with its operating income.
As of January 31, 2022, the interest coverage ratio was 5,157.15, indicating a strong ability to cover interest payments with operating income. However, this ratio dropped significantly to 192.15 as of April 30, 2022, and even further to 7.72 as of July 31, 2022. These declines could raise concerns about the company's ability to comfortably cover its interest expenses.
Subsequently, the interest coverage ratio improved to 4.80 by October 31, 2022. The ratio continued to fluctuate over the following quarters, reaching 9.40 as of July 31, 2024. This improvement suggests a better ability to cover interest expenses compared to the lower ratios observed in earlier periods.
Overall, the interest coverage ratio of REX American Resources Corporation has displayed variability over the reporting periods, indicating fluctuations in the company's ability to meet its interest obligations with its operating income. Investors and stakeholders may monitor this ratio closely to assess the company's financial health and ability to service its debt.