REX American Resources Corporation (REX)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.29 | 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 | 1.25 | 1.24 | 1.24 | 1.24 |
The solvency ratios of REX American Resources Corporation indicate the company's ability to meet its long-term financial obligations. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have consistently shown a value of 0.00 over the past quarters, suggesting that the company has not used debt to finance its operations relative to its assets, capital, or equity.
However, the financial leverage ratio has fluctuated over the periods, ranging from 1.22 to 1.31. A higher financial leverage ratio typically indicates a higher level of financial risk, as it signifies a higher proportion of debt in the company's capital structure. REX American Resources Corporation's financial leverage ratio has been relatively stable around the 1.25 mark, indicating a moderate level of financial leverage and risk.
Overall, the company's solvency ratios suggest that REX American Resources Corporation has maintained a conservative approach to debt financing, with a moderate level of financial leverage. This reflects a cautious approach to managing long-term financial obligations and indicates a stable financial position.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 8.10 | 6.07 | 2.71 | 1.50 | 2.57 | 5.37 | 8.43 | 206.05 | 5,378.85 | — | — | — | — | — | — | — | — | — | — | — |
The interest coverage ratio for REX American Resources Corporation has fluctuated over the past years, indicating varying levels of the company's ability to cover its interest expenses with its operating income.
Specifically, the interest coverage ratio stood at 8.10 for January 31, 2024, reflecting a healthy ability to cover interest payments by operating profits. However, this ratio was lower in the preceding quarter end (October 31, 2023) at 6.07, suggesting a slight decrease in the company's ability to service its interest obligations compared to the most recent period.
Further back, the interest coverage ratio was 2.71 on July 31, 2023, indicating a decline in coverage from the previous quarters. The ratio improved to 5.37 on October 31, 2022, before significantly increasing to 206.05 on April 30, 2022, and a remarkable 5,378.85 on January 31, 2022. These unusually high figures indicate an exceptional ability to cover interest expenses during these periods, likely due to significant increases in operating income relative to interest costs.
Overall, the trend in REX American Resources Corporation's interest coverage ratio shows variability over the analyzed periods, with some quarters demonstrating strong coverage and others displaying weaker abilities to meet interest obligations. This variability may be indicative of fluctuations in operating performance, changes in interest costs, or a combination of both factors impacting the company's financial health.