REX American Resources (REX American Resources) Cash, Cash Equivalents, Marketable Securities : $378.7 Mil (As of Jan. 2024)

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What is REX American Resources Cash, Cash Equivalents, Marketable Securities?

REX American Resources's quarterly cash, cash equivalents, marketable securities increased from Jul. 2023 ($284.38 Mil) to Oct. 2023 ($332.00 Mil) and increased from Oct. 2023 ($332.00 Mil) to Jan. 2024 ($378.66 Mil).

REX American Resources's annual cash, cash equivalents, marketable securities increased from Jan. 2022 ($255.72 Mil) to Jan. 2023 ($280.94 Mil) and increased from Jan. 2023 ($280.94 Mil) to Jan. 2024 ($378.66 Mil).

REX American Resources Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for REX American Resources's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

REX American Resources Cash, Cash Equivalents, Marketable Securities Chart

REX American Resources Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash, Cash Equivalents, Marketable Securities

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205.73

180.70

255.72

280.94

378.66

REX American Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															280.94	265.81	284.38	332.00	378.66

REX American Resources Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

REX American Resources (NYSE:REX) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

REX American Resources Cash, Cash Equivalents, Marketable Securities Related Terms

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REX American Resources (REX American Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » REX American Resources Corp (NYSE:REX) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

RX3:Germany

Address

7720 Paragon Road, Dayton, OH, USA, 45459

Website

https://www.rexamerican.com

REX American Resources Corp operates as a holding company, which engages in investment in alternative energy and ethanol production entities. Its operating segments include Ethanol and By-Products. Its products include dried distillers grains, modified distillers grains, and non-food grade corn oil.

Executives

Douglas Bruggeman	officer: CFO, VP-Finance, Treasurer	7720 PARAGON ROAD, DAYTON OH 45459
Cheryl Lea Bustos	director	43 SUGARCREEK TRAIL, GALENA IL 61036
Stuart A Rose	director, 10 percent owner, officer: COB; CEO	7720 PARAGON ROAD, DAYTON OH 45459
Mervyn L Alphonso	director	7720 PARAGON ROAD, DAYTON OH 45459
Anne Macmillan	director	7720 PARAGON ROAD, DAYTON OH 45459
Lawrence Tomchin	director	7720 PARAGON ROAD, DAYTON OH 45459
Zafar A Rizvi	officer: VP Loss Prevention	7720 PARAGON ROAD, DAYTON OH 45459
Edward M Kress	director, officer: Secretary	6505 LANDSEND COURT, DAYTON OH 45414
J. Dennis Hastert	director	20 S. WACKER DRIVE, CHICAGO IL 60606
David Fuchs	officer: VP Mgmt Information Systems	1366 HOLLOWCREEK DRIVE, MIAMISBURG OH 45342
Keith B Magby	officer: VP Operations	1947 FOUNTAINVIEW DRIVE, DAYTON OH 45414
David L Bearden	officer: President;COO	1517 WOODS DRIVE - UNIT 209, ARLINGTON HEIGHTS IL 60004
Philip J Kellar	officer: VP Store Operations	P O BOX 6592, KINGSPORT TN 37663
Lee Fisher	director	3605 WARRENSVILLE CENTER ROAD, SHAKER HEIGHTS OH 44122
David Harris	director	237 PARK AVENUE - SUITE 900, NEW YORK NY 10017