Despite a seemingly stable debt-to-equity ratio of 0.21, the firm's total assets have contracted significantly from $20.6 million to $16.9 million over the past year.
| Total Current Assets | 14.28M | 18.98M | 14.28M | 16.72M | 15.76M | 1.55M |
| Cash & Short-Term Investments | 4.16M | 10.67M | 4.16M | 6.2M | 7.9M | 569.01K |
| Cash Only | 4.16M | 10.67M | 4.16M | 759.23K | 940.16K | 509.22K |
| Short-Term Investments | 291 | 2.22K | 2.27K | 30.99K | 56.37K | 59.78K |
| Accounts Receivable | 4.06M | 3.52M | 4.06M | 4.63M | 5.19M | 670.01K |
| Days Sales Outstanding | 88.28 | 32.86 | 52.27 | 44.13 | 49.44 | 80.62 |
| Inventory | 4.45M | 3.07M | 4.45M | 5.79M | 2.51M | 270.75K |
| Days Inventory Outstanding | 40.16 | 40.23 | 75.25 | 582.4 | 240.42 | 40.55 |
| Other Current Assets | 1M | 0 | 1M | 0 | 0 | -254.41K |
| Total Non-Current Assets | 2.61M | 4.48M | 2.61M | 494.78K | 450.22K | 461.59K |
| Property, Plant & Equipment | 2.51M | 4.21M | 2.51M | 358.55K | 440.55K | 456.45K |
| Fixed Asset Turnover | 14.44x | 9.29x | 11.31x | 106.80x | 86.92x | 6.65x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1.98K | 0 | 1.98K | 0 | 0 | 0 |
| Other Non-Current Assets | 11.25K | 178.79K | 11.25K | 126.09K | 0 | 0 |
| Total Assets | 16.89M | 23.45M | 16.89M | 2.62M | 2.46M | 2.01M |
| Asset Turnover | 2.06x | 1.67x | 1.68x | 14.59x | 15.55x | 1.51x |
| Asset Growth % | 741.13% | 38.83% | 543.6% | 6.56% | 22.62% | - |
| Total Current Liabilities | 5.34M | 7.09M | 5.34M | 7.16M | 9.27M | 959.32K |
| Accounts Payable | 1.36M | 1.96M | 1.36M | 2.86M | 3.49M | 3.1M |
| Days Payables Outstanding | 38.27 | 25.78 | 22.99 | 287.6 | 334.12 | 465.03 |
| Short-Term Debt | 655.49K | 685.02K | 655.49K | 626.66K | 1.35M | 149.11K |
| Deferred Revenue (Current) | 943.59K | 427.11K | 360.48K | 260.13K | 269.26K | 449.77K |
| Other Current Liabilities | 9.49K | 9.49K | 9.49K | 0 | 0 | -420.78K |
| Current Ratio | 2.67x | 2.68x | 2.67x | 2.34x | 1.70x | 1.61x |
| Quick Ratio | 1.84x | 2.24x | 1.84x | 1.53x | 1.43x | 1.33x |
| Cash Conversion Cycle | 90.17 | 47.32 | 104.53 | 338.93 | -44.26 | -343.86 |
| Total Non-Current Liabilities | 1.38M | 1.32M | 1.38M | 2.1M | 377.62K | 2.61M |
| Long-Term Debt | 1.38M | 706.81K | 1.38M | 2.01M | 2.95M | 336K |
| Capital Lease Obligations | 106.94K | 615.37K | 0 | 88.14K | 7.15K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | -2.58M | 0 |
| Total Liabilities | 6.72M | 8.41M | 6.72M | 9.26M | 12.23M | 10.07M |
| Total Debt | 2.13M | 2.41M | 2.13M | 3.1M | 4.33M | 3.77M |
| Net Debt | -2.04M | -8.26M | -2.04M | -364.84K | 3.39M | -24.11K |
| Debt / Equity | 0.21x | 0.16x | 0.21x | 2.14x | 4.80x | 5.29x |
| Debt / EBITDA | 0.70x | 0.92x | 4.02x | 0.50x | 0.76x | 1.82x |
| Net Debt / EBITDA | -0.68x | -3.15x | -3.86x | -0.06x | 0.59x | -0.01x |
| Interest Coverage | 196.53x | 203.55x | 4.89x | - | - | 6.99x |
| Total Equity | 10.17M | 15.04M | 10.17M | 1.45M | 901.91K | 713.59K |
| Equity Growth % | 1174.24% | 47.88% | 603.74% | 60.28% | 26.39% | - |
| Book Value per Share | 3.24 | 4.79 | 3.36 | 0.46 | 0.29 | 0.23 |
| Total Shareholders' Equity | 10.17M | 14.64M | 10.17M | 11.35M | 7.06M | 713.59K |
| Common Stock | 1.18K | 1.41K | 1.18K | 1.13K | 1.13K | 1.13K |
| Retained Earnings | 5.87M | 8.47M | 5.87M | 11.09M | 6.86M | 684.64K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -23.36K | 0 | -414 | -51.94K | -4.17K |
| Minority Interest | 0 | 405.12K | 0 | 0 | 0 | 0 |
Severe Liquidity and Solvency
According to recent financial statements, J-Long Group's total assets plummeted from $20.6 million in 2023Q4 to $16.9 million by 2024Q4, signaling a rapid contraction in the firm's resource base that mirrors the significant volatility observed in its core apparel component distribution business.
The sharp decline in asset value suggests that the company is struggling to maintain its operational scale in the face of shifting market demand. Investors should monitor whether this trajectory indicates a permanent downsizing of the business model or merely a temporary adjustment to cyclical apparel production cycles.
As reported in the latest quarterly filings, the company's cash position dropped from $6.0 million in 2023Q4 to $4.2 million in 2024Q4, indicating that the firm is consuming its liquid reserves to sustain operations during a period of severe revenue decline.
While a current ratio of 2.67 suggests a theoretical ability to cover short-term obligations, the rapid depletion of cash reserves warrants caution regarding the company's long-term runway. The reliance on cash to fund operations while revenue remains volatile may limit the firm's ability to pivot or invest in new growth initiatives.
Based on the reported figures, J-Long Group maintains a debt-to-equity ratio of 0.21 as of 2024Q4, which appears deceptively conservative given the underlying deterioration in the company's profitability and the significant cash burn occurring within its core apparel manufacturing segment.
Low leverage may provide a temporary cushion, but it does not mitigate the fundamental risks associated with the company's inability to generate consistent operating cash flow. The debt structure appears to be a secondary concern compared to the urgent need for stabilizing the firm's revenue and margin profile.
As indicated by the latest financial data, retained earnings fell from $11.1 million in 2023Q4 to $5.9 million in 2024Q4, reflecting the impact of recent operational losses on the company's overall equity base and long-term shareholder value.
The significant reduction in retained earnings suggests that the company is effectively consuming its past profits to offset current operational deficits. This trend raises concerns about the sustainability of the firm's capital structure if the current negative profitability signal persists into future reporting periods.
Quick answers to the most common questions about buying JL stock.
As of 2025, J-Long Group Limited (JL) had total assets of $23.5M including $19.0M in current assets.
J-Long Group Limited (JL) carries total debt of $2.4M, offset by $10.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
J-Long Group Limited (JL) has total shareholders' equity (book value) of $14.6M ($4.79 book value per share). Book value represents the net worth of the company belonging to common stock holders.
J-Long Group Limited (JL) reported a current ratio of 2.68x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.