Liquidity is under severe pressure as cash reserves plummeted to $546.6K in 2026Q2, while the company continues to report negative free cash flow, including a $531.6K outflow in the most recent quarter.
| Metric | TTM | Aug'25 | Aug'24 | Aug'23 | Aug'22 | Aug'21 | Aug'20 | Aug'19 | Aug'18 | Aug'17 | Aug'16 | Aug'15 | Aug'14 | Aug'13 | Aug'12 | Aug'11 | Aug'10 | Aug'09 | Aug'08 | Aug'07 | Aug'06 | Aug'05 |
|---|
| Cash from Operations | -4.11M | -6.61M | 6.03M | 5.6M | -3.44M | -4.42M | -2.22M | 6.31M | 1.57M | 2.39M | 3.15M | 2.83M | 382.39K | 1.08M | 3.94M | 1.64M | 2.67M | 3.64M | 5.86M | 455.43K | 920.27K | 4.08M |
| Operating CF Margin % | - | -16.02% | 12.79% | 10.31% | -5.47% | -7.69% | -4.93% | 13.88% | 2.9% | 5.01% | 6.55% | 6.7% | 0.9% | 2.19% | 8.57% | 3.89% | 6.42% | 8.63% | 9.11% | 0.65% | 1.21% | 5.47% |
| Operating CF Growth % | -11276.8% | -209.72% | 7.73% | 262.66% | 22.22% | -99.6% | -135.14% | 302.59% | -34.47% | -24.1% | 11.25% | 640.26% | -64.53% | -72.6% | 140.38% | -38.67% | -26.56% | -37.97% | 1186.73% | -50.51% | -77.47% | - |
| Net Income | -8.09M | -4.13M | 721.75K | -20.63K | 1.16M | 3.45M | 2.78M | 2.1M | 2.92M | 2.73M | 2.13M | 1.77M | 1.86M | 3.13M | 3.06M | 902.39K | 1.98M | 1.58M | 2.61M | 2.29M | 2.34M | 931.09K |
| Depreciation & Amortization | 300.08K | 322.53K | 352.87K | 397.92K | 319.62K | 244.28K | 217.71K | 191.82K | 274.06K | 275.21K | 276.27K | 281.76K | 276.34K | 256.49K | 244.22K | 261.54K | 264.3K | 316.96K | 313.56K | 315.3K | 286.43K | 377.3K |
| Stock-Based Compensation | 0 | 59.93K | 32.06K | 23.3K | 56.84K | 70.39K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 736.4K | 341.03K | -21.15K | -294.88K | -141.94K | 19.99K | 0 | 0 | 0 | 0 | -2.95K | -26.67K | 10.58K | 151.97K | 56.29K | 40.72K | 63.2K | -68.91K | -73.17K | 23.2K | 34.2K | -131.4K |
| Other Non-Cash Items | -1.02M | -3.21T | -90.79K | -70.25K | -4.53K | -680.71K | 1.68M | -684.82K | -289.8K | 112.54K | 234.15K | 1.19M | -1.86M | -380.57K | -1.46M | 2.65K | -3.01K | -2.85K | -16.11K | 23.6K | -599.83K | 72.51K |
| Working Capital Changes | 3.2M | -3.21M | 5.03M | 5.56M | -4.83M | -7.53M | -6.9M | 4.7M | -1.34M | -724.26K | 516.48K | -386K | 93.79K | -2.08M | 2.03M | 429.91K | 362.39K | 1.81M | 3.03M | -2.2M | -1.14M | 2.83M |
| Change in Receivables | -881.27K | -194.86K | 1.97M | 1.56M | -105.14K | -812.08K | -3.44M | 1.32M | -587.44K | -222.85K | 346.04K | -1.25M | 901.85K | -246.94K | 825.74K | -22.97K | -270.2K | 1.76M | 1.04M | 376.91K | -420.43K | 112.69K |
| Change in Inventory | 5.29M | -2.73M | 5.18M | 2.29M | -6.24M | -5.19M | -2.82M | 3.43M | -995.65K | -738.53K | 282.56K | 802.55K | -633.14K | -1.44M | -1.27M | 450.19K | 689.03K | 1.11M | 2.81M | -2.13M | -976.45K | 2.3M |
| Change in Payables | -1.93M | -45.59K | -1.66M | 872.3K | 274.32K | 36.4K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 107.09K | 1.3M | 1.48M | -212.49K | -1.01M | -699.66K | -521.43K | 652.99K | 197.6K |
| Cash from Investing | -58.36K | -1.14M | 149 | -256.17K | -1.26M | -1.19M | -448.88K | 291.94K | -109.53K | -470.88K | -920.85K | -293.38K | -105.53K | -71.94K | -324.72K | -113.26K | -238.88K | -246.32K | -50.68K | -939.46K | 611.98K | -7.66K |
| Capital Expenditures | -58.36K | -1.15M | -110.54K | -223.92K | -1.26M | -1.16M | -449.28K | -32.73K | -110.53K | -474.36K | -926.45K | -293.38K | -110.33K | -481.94K | -324.72K | -118.71K | -245.38K | -249.17K | -67.18K | -946.25K | -82.26K | -73.17K |
| CapEx % of Revenue | 0.14% | 2.78% | 0.23% | 0.41% | 2% | 2.02% | 1% | 0.07% | 0.21% | 0.99% | 1.93% | 0.69% | 0.26% | 0.98% | 0.71% | 0.28% | 0.59% | 0.59% | 0.1% | 1.34% | 0.11% | 0.1% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 400 | 0 | 0 | 0 | 0 | 0 | 0 | 410K | 0 | 5.45K | 6.5K | 2.85K | 16.5K | 6.79K | 660K | 14K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 80K | 110.69K | -32.25K | -3.54K | -30.75K | 0 | 324.68K | 1K | 3.48K | 5.6K | 0 | 4.8K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34.24K | 51.51K |
| Cash from Financing | 4.28M | 2.1M | -1.26M | -5.74M | 4M | 3M | -3.19M | -3.04M | -1.27M | -526.94K | -2.12M | -2.45M | -4.26M | -7.19K | -3.08M | -3.46M | -549.08K | -2.32M | -308.09K | 594.36K | -2M | -3.76M |
| Debt Issued (Net) | 2.14M | 2.1M | -1.26M | -5.74M | 4M | 3M | 680.71K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.32M | -364.19K | 541.61K | -2.13M | -3.87M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | -3.87M | -3.06M | -1.27M | -526.94K | -2.12M | -2.45M | -4.26M | -7.19K | -3.08M | -3.46M | -549.08K | 0 | 56.1K | 52.75K | 137.36K | 117.5K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -3.87M | -3.06M | -1.27M | -526.94K | -2.12M | -2.45M | -4.26M | -7.19K | -3.08M | -3.46M | -549.08K | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 2.13M | 2.1T | 0 | 0 | 0 | 0 | 0 | 18.44K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | 110.98K | -4.63M | 4.77M | -400.77K | -699.85K | -2.62M | -5.85M | 3.55M | 185.21K | 1.39M | 103.63K | 88.76K | 4.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -4.16M | -6.73M | 5.92M | 5.27M | -4.7M | -5.62M | -2.67M | 6.27M | 1.46M | 1.92M | 2.22M | 2.54M | 272.06K | 596.25K | 3.62M | 1.52M | 2.42M | 3.39M | 5.8M | 381.88K | 838.01K | 4.01M |
| FCF Margin % | -9.88% | -16.3% | 12.55% | 9.71% | -7.47% | -9.77% | -5.93% | 13.8% | 2.7% | 4.02% | 4.62% | 6.01% | 0.64% | 1.21% | 7.89% | 3.61% | 5.83% | 8.04% | 9.01% | 0.54% | 1.1% | 5.38% |
| FCF Growth % | -478.4% | -213.71% | 12.31% | 212.13% | 16.32% | -110.73% | -142.49% | 330.91% | -24.01% | -13.8% | -12.4% | 832.61% | -54.37% | -83.55% | 138.65% | -37.36% | -28.4% | -41.59% | 1417.9% | -54.43% | -79.11% | - |
| FCF per Share | -1.18 | -1.91 | 1.69 | 1.51 | -1.35 | -1.61 | -0.74 | 1.48 | 0.33 | 0.42 | 0.46 | 0.49 | 0.05 | 0.10 | 0.53 | 0.18 | 0.25 | 0.35 | 0.61 | 0.04 | 0.09 | 0.43 |
| FCF Conversion (FCF/Net Income) | 0.51x | 1.60x | 8.35x | -271.31x | -2.96x | -1.28x | -0.80x | 3.00x | 0.54x | 0.88x | 1.48x | 1.60x | 0.21x | 0.34x | 1.29x | 1.81x | 1.35x | 2.30x | 2.25x | 0.20x | 0.39x | 4.39x |
| Interest Paid | 436.9K | 172.08K | 33.96K | 459.62K | 163.04K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 7.5K | 26.83K | 321.82K | 0 | 227.95K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Critical liquidity and solvency
Based on the provided quarterly data, JCTC exhibits a persistent disconnect between net losses and operating cash flow, with the OCF/NI ratio frequently exceeding 4.0 in periods of negative earnings, suggesting that accruals and working capital swings are masking the underlying cash-generative weakness of the core business.
The extreme volatility in the OCF/NI ratio indicates that cash flow is driven more by balance sheet management than by operational profitability. Investors should monitor this divergence, as it suggests that the company's reported net losses may actually understate the true cash burn occurring within the business model.
As reported in financial statements, JCTC has struggled to maintain positive free cash flow, with the company recording a negative $531.6K in 2026Q2, highlighting a structural inability to cover operational requirements through internal cash generation during the current period of sustained revenue contraction and margin compression.
The consistent negative FCF trajectory suggests that the company is currently reliant on existing cash reserves to fund its ongoing operations. Without a meaningful pivot toward positive FCF margins, the company appears to be on an unsustainable path that may necessitate external capital intervention.
According to recent SEC filings, JCTC's operating cash flow is heavily influenced by erratic working capital changes, such as the $2.8 million inflow in 2026Q1 followed by a $654.3K outflow in 2026Q2, which indicates that inventory and receivables management is currently the primary driver of liquidity.
The reliance on working capital fluctuations to manage cash flow suggests that the company lacks a stable, self-funding operational engine. This volatility warrants further investigation into whether the company is aggressively liquidating inventory to generate cash, which may be a short-term fix for a deeper structural issue.
Based on the reported figures, JCTC has maintained negligible capital expenditure levels, with CapEx/Revenue ratios consistently below 0.5% over the last several quarters, suggesting that the company is deferring necessary asset maintenance or growth investments to preserve its rapidly dwindling cash position.
While low capital intensity is often viewed as a positive in stable businesses, in JCTC's case, it appears to be a defensive reaction to liquidity constraints. This lack of investment may impair the company's ability to modernize its product offerings or improve operational efficiency in the long term.
Quick answers to the most common questions about buying JCTC stock.
Jewett-Cameron Trading Company Ltd. (JCTC) generated $-6.6M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Jewett-Cameron Trading Company Ltd. (JCTC) reported negative free cash flow of $6.7M in 2025, indicating capital requirements exceeded cash from operations.
Jewett-Cameron Trading Company Ltd. (JCTC) spent $1.2M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.