REX American Resources Corporation
In the quarter to July 2026, revenue grew 17.9%, EPS grew 393.0%, free cash flow grew 392.2% and total debt fell 8.66%, each against the same quarter a year earlier.
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REX American Resources Corporation (REX) Altman Z-score
REX American Resources Corporation's Altman Z-score for fiscal 2026 is 9.74, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 9.74 | 1.04 |
| FY2025 | 8.70 | (0.70) |
| FY2024 | 9.39 | 0.52 |
| FY2023 | 8.88 | (0.65) |
| FY2022 | 9.53 | (0.27) |
| FY2021 | 9.80 | 0.65 |
| FY2020 | 9.15 | (5.06) |
| FY2019 | 14.20 | 4.09 |
| FY2018 | 10.11 | 1.66 |
| FY2017 | 8.46 | 1.12 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.47 | — | 0.56 | |
| Retained earnings / total assets | 0.77 | — | 1.07 | |
| EBIT / total assets | 0.08 | — | 0.25 | |
| Market value of equity / total liabilities | 11.73 | — | 7.04 | |
| Sales / total assets | 0.82 | — | 0.82 | |
| Altman Z-score | Safe zone | 9.74 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 13.77 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| REX REX American Resources Corporation | 9.7× |
| ASIX AdvanSix compare | 1.9× |
| LXU Lsb Industries Inc. compare | 1.7× |
| OLN Olin Corporation compare | 1.7× |
| GPRE Green Plains, Inc. compare | 1.4× |
| HUN Huntsman Corporation compare | 1.4× |
| RYAM Rayonier Advanced Materials Inc. compare | 1.1× |
| TROX Tronox Holdings PLC compare | 0.7× |
| WLKP Westlake Chemical Partners LP compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets