Company: REX
Filing Date: 2025-09-02
Form Type: 10-Q
Source: 0000930413-25-002856
Chunk: 138

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-09-02
Form: 10-Q
Item: Part I, Item 2
Chunk 138
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 of current assets to current liabilities was 10.5 to
1 at July 31, 2025 and 8.6 to 1 at January 31, 2025.

Cash of approximately $67.5 million was provided
by investing activities for the first six months of fiscal year 2025, compared to cash provided by investing activities of approximately
$33.8 million during the first six months of fiscal year 2024. During the first six months of fiscal year 2025, the Company had
capital expenditures of approximately $28.9 million, primarily for various capital projects at our consolidated ethanol plants,
including $9.7 million for expansion and CI scoring reduction projects at the One Earth facility and $2.1 million for the carbon
sequestration project. During the first six months of fiscal year 2025, we purchased short-term U.S. Treasury Bills of approximately
$90.7 million, while U.S. Treasury Bills of approximately $187.0 million matured. The U.S Treasury Bills had maturities of less
than one year and we classified them as short-term investments. Depending on the investment options available, we may elect to
retain the funds, or a portion thereof, in cash, short-term investments or long-term investments.

Cash of approximately $33.8 million was provided
by investing activities for the first six months of fiscal year 2024. During the first six months of fiscal year 2024, we had capital
expenditures of approximately $40.2 million, primarily for various capital projects at our consolidated ethanol plants, including
$15.4 million for expansion and CI scoring reduction projects at the One Earth facility and $17.4 million for the carbon sequestration
project. During the first six months of fiscal year 2024, we purchased short-term U.S. Treasury Bills of approximately $156.1 million,
while short-term U.S. Treasury Bills of approximately $229.7 million matured. The U.S Treasury Bills had maturities of less than
one year and we classified them as short-term investments.

Cash of approximately $33.4 million was used
in financing activities in the first six months of fiscal year 2025 for the repurchase of the Company’s stock. There were
no repurchases of Company stock in the first six months of 2024. Additionally, $2.3 million was used in the first six months of
fiscal year 2025 for 

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