REX American Resources Corporation (REX) Balance Sheet
REX balance sheet, FY2026
January 31, 2026 · U.S. dollars$797.7M assets = $95.7M liabilities + $702.0M equity
Both columns are drawn to the same scale: what REX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
REX financial health
Current ratio5.94
Comfortable · current assets cover current liabilities 5.94×
Debt / equity0.03
Low leverage · $0.03 of debt for each $1 of equity
Equity / assets76.6%
Equity-funded · of assets funded by shareholders
Cash / debt1,766.8%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
REX balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $454.0MFY2017 | $797.7MFY2026 | +6.5%/yr | |
| Total liabilities | $65.8MFY2017 | $95.7MFY2026 | +4.3%/yr | |
| Shareholders’ equity | $340.4MFY2017 | $610.7MFY2026 | +6.7%/yr | |
| Cash & short-term investments | $188.6MFY2017 | $375.8MFY2026 | +8.0%/yr | |
| Total debt | $0FY2017 | $21.3MFY2026 | — | |
| Net cash (debt) | $188.6MFY2017 | $354.5MFY2026 | +$165.9M | |
| Working capital | $204.0MFY2017 | $372.5MFY2026 | +$168.5M | |
| Book value per share | $8.61FY2017 | $18.39FY2026 | +8.8%/yr | |
| Current ratio | 10.06FY2017 | 5.94FY2026 | −4.12 | |
| Debt / equity | 0.00FY2017 | 0.03FY2026 | +0.03 | |
| Shares outstanding | 39.5MFY2017 | 33.2MFY2026 | −1.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
REX assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
REX liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
REX debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
REX balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $375.8M | $359.1M | $378.7M | $282.7M | $255.7M | $182.4M | $205.7M | $203.5M | $191.0M | $188.6M |
| Cash & equivalents | $188.7M | $196.3M | $223.4M | $71.3M | $229.8M | $146.2M | $179.7M | $188.5M | $191.0M | $188.6M |
| Short-term investments | $187.0M | $162.8M | $155.3M | $211.3M | $25.9M | $36.2M | $26.1M | $15.0M | $354,000 | $130,000 |
| Receivables | $27.1M | $28.0M | $28.9M | $28.1M | $32.5M | $25.7M | $19.0M | $19.1M | $19.5M | $13.0M |
| Inventory | $28.4M | $31.7M | $27.0M | $48.7M | $42.2M | $37.4M | $35.6M | $18.5M | $20.8M | $17.1M |
| Other current assets | $16.6M | $17.1M | $17.5M | $13.1M | $14.7M | $13.2M | $10.8M | $9.6M | $7.8M | $7.9M |
| Total current assets | $447.8M | $435.8M | $452.1M | $372.6M | $345.2M | $258.8M | $271.1M | $250.6M | $239.0M | $226.5M |
| Property, plant & equipment (net) | $307.2M | $231.7M | $168.6M | $150.7M | $148.8M | $163.5M | $179.5M | $182.5M | $197.8M | $182.8M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $37.8M | $35.8M | $34.9M | $33.0M | $30.6M | $29.5M | $32.5M | $32.1M | $34.5M | $37.8M |
| Other non-current assets | $5.0M | $16.7M | $9.1M | $23.2M | $25.9M | $27.6M | $17.4M | $6.2M | $7.5M | $6.9M |
| Total assets | $797.7M | $720.0M | $664.8M | $579.6M | $550.4M | $479.3M | $500.5M | $471.4M | $478.9M | $454.0M |
| Liabilities | ||||||||||
| Accounts payable | $38.4M | $28.3M | $42.1M | $34.1M | $32.3M | $16.6M | $18.9M | $7.5M | $8.1M | $9.2M |
| Short-term debt | $7.4M | $5.7M | $4.5M | $5.2M | $4.6M | $4.9M | $4.9M | $0 | $0 | $0 |
| Deferred revenue | — | — | $1.9M | $48,000 | $2.1M | $6.6M | $650,000 | — | — | — |
| Total current liabilities | $75.4M | $50.4M | $66.3M | $54.6M | $50.5M | $30.7M | $31.6M | $17.0M | $21.9M | $22.5M |
| Long-term debt | $2.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $21.3M | $21.1M | $12.8M | $15.0M | $11.0M | $12.3M | $15.6M | — | — | — |
| Other long-term liabilities | $17.6M | $26.0M | $10.9M | $14.0M | $12.3M | $11.4M | $15.3M | $9.1M | $25.1M | $43.2M |
| Total liabilities | $95.7M | $76.4M | $77.2M | $68.6M | $62.8M | $42.2M | $46.9M | $26.1M | $46.9M | $65.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $329,000 | $299,000 | $299,000 | $299,000 | $299,000 | $299,000 | $299,000 | $299,000 | $147.2M | $146.1M |
| Retained earnings (deficit) | $610.3M | $759.9M | $701.8M | $640.8M | $642.4M | $590.0M | $587.0M | $579.6M | $547.9M | $508.2M |
| Treasury stock | — | — | — | — | −$361.2M | −$354.6M | −$335.1M | −$335.2M | −$313.6M | −$313.8M |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | −$183.4M | −$161.1M | −$138.5M | −$117.8M |
| Minority interest | $91.3M | $83.3M | $73.7M | $63.0M | $56.8M | $52.4M | $52.6M | $52.3M | $50.4M | $47.8M |
| Total shareholders' equity | $610.7M | $560.3M | $513.9M | $448.0M | $430.8M | $384.8M | $401.0M | $392.9M | $381.5M | $340.4M |
| Key figures | ||||||||||
| Total debt | $21.3M | $21.1M | $12.8M | $13.6M | $11.0M | $11.3M | $15.6M | $0 | $0 | $0 |
| Net cash (debt) | $354.5M | $338.0M | $365.8M | $269.1M | $244.7M | $171.1M | $190.1M | $203.5M | $191.0M | $188.6M |
| Working capital | $372.5M | $385.4M | $385.8M | $318.0M | $294.7M | $228.0M | $239.5M | $233.6M | $217.2M | $204.0M |
| Tangible book value | $610.7M | $560.3M | $513.9M | $448.0M | $430.8M | $384.8M | $401.0M | $392.9M | $381.5M | $340.4M |
| Book value per share | $18.39 | $15.89 | $14.62 | $12.70 | $12.00 | $10.40 | $10.58 | $10.17 | $9.64 | $8.61 |
| Shares outstanding | 33.2M | 35.3M | 35.2M | 35.3M | 35.9M | 37.0M | 37.9M | 38.6M | 39.6M | 39.5M |
| Current ratio | 5.94 | 8.64 | 6.82 | 6.83 | 6.84 | 8.42 | 8.58 | 14.73 | 10.93 | 10.06 |
| Quick ratio | 5.34 | 7.67 | 6.15 | 5.69 | 5.71 | 6.77 | 7.11 | 13.09 | 9.63 | 8.95 |
| Debt / equity | 0.03 | 0.04 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 76.6% | 77.8% | 77.3% | 77.3% | 78.3% | 80.3% | 80.1% | 83.4% | 79.7% | 75.0% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $379.5M | $364.3M | $375.8M | $335.5M | $310.5M | $315.9M | $359.1M | $365.1M | $346.0M | $351.8M | $378.7M | $332.0M |
| Cash & equivalents | $91.3M | $117.7M | $188.7M | $272.0M | $241.0M | $159.9M | $196.3M | $298.2M | $261.0M | $231.2M | $223.4M | $72.8M |
| Short-term investments | $288.2M | $246.6M | $187.0M | $63.5M | $69.5M | $156.0M | $162.8M | $66.8M | $84.9M | $120.6M | $155.3M | $259.2M |
| Receivables | $32.1M | $32.3M | $27.1M | $33.5M | $33.3M | $35.3M | $28.0M | $27.9M | $29.5M | $26.1M | $28.9M | $34.6M |
| Inventory | $29.0M | $26.5M | $28.4M | $27.7M | $31.6M | $30.5M | $31.7M | $29.1M | $29.2M | $27.1M | $27.0M | $37.5M |
| Other current assets | $17.5M | $18.4M | $16.6M | $14.9M | $15.1M | $17.0M | $17.1M | $14.4M | $14.2M | $16.6M | $17.5M | $14.0M |
| Total current assets | $458.1M | $441.5M | $447.8M | $411.7M | $390.5M | $398.8M | $435.8M | $436.5M | $418.9M | $421.6M | $452.1M | $418.1M |
| Property, plant & equipment (net) | $324.7M | $315.0M | $307.2M | $297.5M | $271.9M | $257.2M | $231.7M | $223.1M | $203.4M | $190.6M | $168.6M | $159.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $46.5M | $41.3M | $37.8M | $39.6M | $35.2M | $36.8M | $35.8M | $39.0M | $38.4M | $36.7M | $34.9M | $36.8M |
| Other non-current assets | $27.2M | $9.8M | $5.0M | $1.3M | $3.0M | $1.1M | $16.7M | $17.1M | $19.3M | $22.2M | $9.1M | $13.6M |
| Total assets | $856.5M | $807.7M | $797.7M | $750.1M | $700.6M | $693.8M | $720.0M | $715.7M | $680.0M | $671.0M | $664.8M | $627.6M |
| Liabilities | ||||||||||||
| Accounts payable | $36.7M | $31.1M | $38.4M | $33.6M | $17.6M | $21.0M | $28.3M | $22.2M | $31.3M | $43.2M | $42.1M | $28.8M |
| Short-term debt | $7.5M | $7.4M | $7.4M | $7.3M | $7.2M | $7.2M | $5.7M | $5.9M | $3.5M | $3.7M | $4.5M | $5.1M |
| Deferred revenue | — | — | — | — | — | — | — | — | $3.3M | $3.9M | $3.6M | −$158,000 |
| Total current liabilities | $66.5M | $65.3M | $75.4M | $57.5M | $37.1M | $42.6M | $50.4M | $44.0M | $51.9M | $62.7M | $66.3M | $48.7M |
| Long-term debt | $0 | $0 | $2.7M | $2.8M | $2.9M | $2.9M | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $17.8M | $19.5M | $21.3M | $22.9M | $24.6M | $26.2M | $21.1M | $22.6M | $13.2M | $11.5M | $12.8M | $14.2M |
| Other long-term liabilities | $18.3M | $18.6M | $17.6M | $33.6M | $29.7M | $28.7M | $26.0M | $25.1M | $11.9M | $9.9M | $10.9M | $13.3M |
| Total liabilities | $84.9M | $83.9M | $95.7M | $93.9M | $69.6M | $74.2M | $76.4M | $69.1M | $63.8M | $72.6M | $77.2M | $62.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $332,000 | $329,000 | $329,000 | $329,000 | $299,000 | $299,000 | $299,000 | $299,000 | $299,000 | $299,000 | $299,000 | $299,000 |
| Retained earnings (deficit) | $663.7M | $628.8M | $610.3M | $566.6M | $775.7M | $768.6M | $759.9M | $748.8M | $724.3M | $712.0M | $701.8M | $681.2M |
| Accumulated other comprehensive income | — | $0 | — | — | — | — | — | — | — | $0 | $0 | — |
| Minority interest | $98.0M | $94.5M | $91.3M | $89.3M | $85.2M | — | — | — | — | — | — | — |
| Total shareholders' equity | $673.6M | $629.2M | $610.7M | $566.9M | $545.8M | $536.4M | $560.3M | $564.5M | $539.6M | $524.5M | $513.9M | $493.0M |
| Key figures | ||||||||||||
| Total debt | $17.8M | $19.5M | $21.3M | $22.9M | $24.6M | $26.2M | $21.1M | $22.6M | $13.2M | $11.5M | $12.8M | $14.2M |
| Net cash (debt) | $361.7M | $344.8M | $354.5M | $312.6M | $285.9M | $289.7M | $338.0M | $342.5M | $332.8M | $340.3M | $365.8M | $317.8M |
| Working capital | $391.5M | $376.2M | $372.5M | $354.2M | $353.4M | $356.2M | $385.4M | $392.5M | $367.0M | $358.9M | $385.8M | $369.4M |
| Tangible book value | $673.6M | $629.2M | $610.7M | $566.9M | $545.8M | $536.4M | $560.3M | $564.5M | $539.6M | $524.5M | $513.9M | $493.0M |
| Book value per share | $20.36 | $19.00 | $18.49 | $17.04 | $16.35 | $15.83 | $15.85 | $15.93 | $15.27 | $14.85 | $14.55 | $14.06 |
| Shares outstanding | 33.1M | 33.1M | 33.0M | 33.3M | 33.4M | 33.9M | 35.4M | 35.4M | 35.3M | 35.3M | 35.3M | 35.1M |
| Current ratio | 6.88 | 6.76 | 5.94 | 7.16 | 10.53 | 9.37 | 8.64 | 9.93 | 8.07 | 6.72 | 6.82 | 8.59 |
| Quick ratio | 6.19 | 6.07 | 5.34 | 6.42 | 9.27 | 8.25 | 7.67 | 8.94 | 7.23 | 6.03 | 6.15 | 7.53 |
| Debt / equity | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 | 0.03 |
| Equity / assets | 78.7% | 77.9% | 76.6% | 75.6% | 77.9% | 77.3% | 77.8% | 78.9% | 79.4% | 78.2% | 77.3% | 78.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 30, 2026); data from EODHD.
REX financial position
At the end of fiscal 2026 (January 31, 2026), REX American Resources had total assets of $797.7 million (up 10.8% from a year earlier), total liabilities of $95.7 million and shareholders' equity of $610.7 million. It held $375.8 million in cash and short-term investments against $21.3 million of debt, a net cash position of $354.5 million. Its current ratio was 5.94. In the latest quarter (ended July 31, 2026) total assets were $856.5 million and equity $673.6 million.
Related: REX income statement, REX cash flow statement, REX key metrics. See the REX stock overview for the latest quote and news.
REX balance sheet FAQ
What are REX American Resources's total assets?
REX American Resources reported total assets of $797.7 million at the end of fiscal 2026 (January 31, 2026), compared with $720.0 million a year earlier.
How much debt does REX American Resources have?
REX American Resources had $21.3 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.03.
How much cash does REX American Resources have?
REX American Resources held $375.8 million in cash and short-term investments at the end of fiscal 2026; with $21.3 million of debt that is net cash of $354.5 million.
What is REX American Resources's book value?
REX American Resources's shareholders' equity (book value) was $610.7 million at the end of fiscal 2026, or $18.39 per share.
What is REX American Resources's current ratio?
REX American Resources had current assets of $447.8 million and current liabilities of $75.4 million, a current ratio of 5.94 (it can cover its short-term obligations).