The company's financial position appears increasingly vulnerable, with total assets contracting to $6.0 million and retained earnings deepening to a $3.4 million deficit as of 2026Q2.
| Total Current Assets | 4.39M | 2.48M | 3.28M | 3.79M | 3.4M |
| Cash & Short-Term Investments | 2.2M | 190K | 457K | 787K | 1.25M |
| Cash Only | 2.2M | 190K | 457K | 787K | 1.25M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.93M | 2M | 2.49M | 2.71M | 1.9M |
| Days Sales Outstanding | 86.69 | 77.59 | 81.75 | 83.23 | 73.64 |
| Inventory | 266K | 291K | 334K | 291K | 256K |
| Days Inventory Outstanding | 41.2 | 35.03 | 34.59 | 31.7 | 31.48 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 1.58M | 1.98M | 3.06M | 3.75M | 3.48M |
| Property, Plant & Equipment | 1.58M | 1.98M | 3.06M | 3.75M | 3.48M |
| Fixed Asset Turnover | 5.02x | 4.75x | 3.64x | 3.18x | 2.71x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 5.97M | 4.46M | 6.34M | 7.54M | 6.89M |
| Asset Turnover | 1.22x | 2.11x | 1.76x | 1.58x | 1.37x |
| Asset Growth % | -24.69% | -29.7% | -15.9% | 9.42% | - |
| Total Current Liabilities | 986K | 3.01M | 3.12M | 3.75M | 2.03M |
| Accounts Payable | 884K | 965K | 806K | 712K | 650K |
| Days Payables Outstanding | 132.6 | 116.17 | 83.48 | 77.55 | 79.94 |
| Short-Term Debt | 34K | 851K | 460K | 570K | 682K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 1K |
| Current Ratio | 4.46x | 0.82x | 1.05x | 1.01x | 1.67x |
| Quick Ratio | 4.19x | 0.73x | 0.94x | 0.93x | 1.55x |
| Cash Conversion Cycle | -4.71 | -3.55 | 32.86 | 37.37 | 25.19 |
| Total Non-Current Liabilities | 1M | 1.06M | 1.71M | 2.08M | 2.58M |
| Long-Term Debt | 0 | 0 | 606K | 968K | 1.37M |
| Capital Lease Obligations | 2.03M | 1.06M | 1.1M | 1.11M | 1.2M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.99M | 4.07M | 4.83M | 5.83M | 4.61M |
| Total Debt | 1.1M | 2.03M | 2.22M | 2.7M | 3.31M |
| Net Debt | -1.1M | 1.84M | 1.77M | 1.92M | 2.06M |
| Debt / Equity | 0.28x | 5.28x | 1.48x | 1.58x | 1.45x |
| Debt / EBITDA | -0.85x | - | 1.60x | 0.85x | 2.22x |
| Net Debt / EBITDA | 0.85x | - | 1.27x | 0.60x | 1.38x |
| Interest Coverage | -43.45x | -25.88x | 24.13x | 49.18x | 31.32x |
| Total Equity | 3.98M | 384K | 1.5M | 1.71M | 2.27M |
| Equity Growth % | -27.08% | -74.47% | -11.79% | -25.05% | - |
| Book Value per Share | 0.41 | 0.04 | 0.15 | 0.17 | 0.23 |
| Total Shareholders' Equity | 3.98M | 384K | 1.5M | 1.71M | 2.27M |
| Common Stock | 10K | 9K | 9K | 9K | 9K |
| Retained Earnings | -3.43M | -907K | 70K | 287K | 761K |
| Treasury Stock | -804K | 0 | 0 | 0 | 0 |
| Accumulated OCI | 5K | -221K | -78K | -94K | 2K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Liquidity and operational insolvency
According to recent financial statements, JBDI's total assets declined from $7.9 million in 2025Q2 to $6.0 million in 2026Q2, reflecting a significant contraction in the company's resource base as it navigates persistent industrial headwinds and a shrinking operational footprint within the Singaporean market.
The reduction in total assets suggests that the firm is currently in a defensive posture, likely liquidating or failing to replace capital assets as revenue declines. This trend warrants further investigation into whether the company is rightsizing its infrastructure or if the asset base is deteriorating faster than management can adapt.
As reported in quarterly filings, JBDI's cash position plummeted from $3.7 million in 2025Q2 to $2.2 million in 2026Q2, a trend that, when viewed alongside the company's negative net margins, suggests a rapidly narrowing buffer against potential operational shocks or further industrial downturns.
While the current ratio remains elevated at 4.46, this metric may be misleading if the underlying current assets are not readily convertible to cash. Investors should monitor the burn rate closely, as the current cash trajectory appears unsustainable without a meaningful recovery in core industrial demand.
Based on the provided balance sheet data, JBDI's retained earnings have deepened to a deficit of $3.4 million in 2026Q2 from $2.5 million in 2025Q2, indicating that persistent net losses are actively eroding the company's shareholder equity base over time.
The consistent growth of the retained earnings deficit suggests that the business model is currently failing to generate sufficient value to cover its overhead. This erosion of equity may limit the company's future financing options and suggests that the current capital structure is becoming increasingly fragile.
As disclosed in recent financial reports, the absence of goodwill on the balance sheet is notable, yet the $1.6 million in net PPE suggests that the company's value is tied to specialized, potentially illiquid industrial infrastructure that may be difficult to monetize in a distressed scenario.
The reliance on physical assets for value creation makes the company highly sensitive to the utilization rates of its cleaning and treatment facilities. If industrial output in the Jurong Island hub remains depressed, these assets may face impairment risks that are not yet reflected in the current book value.
Quick answers to the most common questions about buying JBDI stock.
As of 2024, JBDI Holdings Limited (JBDI) had total assets of $4.5M including $2.5M in current assets.
JBDI Holdings Limited (JBDI) carries total debt of $2.0M, offset by $0.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
JBDI Holdings Limited (JBDI) has total shareholders' equity (book value) of $0.4M ($0.04 book value per share). Book value represents the net worth of the company belonging to common stock holders.
JBDI Holdings Limited (JBDI) reported a current ratio of 0.82x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.