REX American Resources REX Interest Expense
Interest Expense at other companies
Other financials
Where this comes from
Reported directly by REX American Resources in its filing.
Tagged under the XBRL concept us-gaap:FinanceLeaseInterestExpense.
The source filing: REX American Resources’s 10-Q, filed June 2, 2026.
- Filed
- Jun 2, 2026, 2:45 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000930413-26-001786
At April 30, 2026, the Company had one lease agreement that was classified as a finance lease for an electrical substation facility. Prepayments totaling $15.6 million were made prior to fiscal year 2025. This balance was included in the finance lease right-of-use asset calculation upon lease commencement in fiscal year 2025 as a non-cash investing activity. The lease includes monthly payments of approximately $39,000 to be made over the term of the lease. The lease term for this lease includes the noncancelable period of the lease and any periods for which only the Company has the option to cancel but is reasonably expected to continue the lease. Based on this, the lease term was determined to be 10 years. Control of the facility’s output was transferred to the Company just before the end of the first quarter of fiscal year 2025, with monthly lease expense commencing in the second quarter of fiscal year 2025. For the three month period ended April 30, 2026, expense related to this lease was approximately $0.5 million, which includes approximately $55,000 in interest expense.
Item 1. *Financial Statements
FAQ
- What is REX American Resources's interest expense?
- REX American Resources (REX) reported interest expense of $55K in Q1 2026.
- What does interest expense mean?
- Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.
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