Jewett Cameron Trading Co Ltd Files 10-Q for Period Ending November 30, 2023

TL;DR

<b>Jewett Cameron Trading Co Ltd filed its quarterly report (10-Q) for the period ending November 30, 2023, detailing financial performance for the first quarter of fiscal year 2024.</b>

AI Summary

JEWETT CAMERON TRADING CO LTD (JCTC) filed a Quarterly Report (10-Q) with the SEC on January 16, 2024. Jewett Cameron Trading Co Ltd filed a 10-Q report for the period ending November 30, 2023. The filing covers the first quarter of fiscal year 2024. The company's fiscal year ends on August 31st. The filing includes financial data for the periods September 1, 2023 to November 30, 2023, and September 1, 2022 to November 30, 2022. The company is incorporated in Oregon (OR).

Why It Matters

For investors and stakeholders tracking JEWETT CAMERON TRADING CO LTD, this filing contains several important signals. This 10-Q filing provides investors with an updated view of Jewett Cameron's financial health and operational performance for the most recent quarter. The detailed financial statements and disclosures within the report are crucial for understanding the company's revenue, expenses, assets, and liabilities, enabling informed investment decisions.

Risk Assessment

Risk Level: low — JEWETT CAMERON TRADING CO LTD shows low risk based on this filing. The filing is a routine quarterly report (10-Q) and does not indicate any unusual events or significant financial distress, suggesting a low level of immediate risk.

Analyst Insight

Review the detailed financial statements within the 10-Q to assess revenue trends, profitability, and any changes in the company's asset or debt structure.

Key Numbers

• 2023-11-30 — Period of Report (CONFORMED PERIOD OF REPORT)
• 2024-01-16 — Filing Date (FILED AS OF DATE)
• 2023-09-01 — Quarter Start Date (First day of the fiscal quarter)
• 2023-08-31 — Fiscal Year End (FISCAL YEAR END)

Key Players & Entities

• JEWETT CAMERON TRADING CO LTD (company) — COMPANY CONFORMED NAME
• 0000885307 (company) — CENTRAL INDEX KEY
• 5211 (company) — STANDARD INDUSTRIAL CLASSIFICATION
• OR (company) — STATE OF INCORPORATION
• 32275 NW HILLCREST (company) — BUSINESS ADDRESS STREET 1
• NORTH PLAINS (company) — BUSINESS ADDRESS CITY
• 97133 (company) — BUSINESS ADDRESS ZIP
• 5036470110 (company) — BUSINESS PHONE

FAQ

Key Dates

• 2024-01-16: 10-Q Filing — Filing of the quarterly report for the period ending November 30, 2023.
• 2023-11-30: End of Reporting Period — Marks the end of the fiscal first quarter for which financial results are reported.
• 2023-09-01: Start of Reporting Period — Marks the beginning of the fiscal first quarter for which financial results are reported.
• 2023-08-31: Fiscal Year End — Indicates the end of the company's annual fiscal year.

Filing Documents

• jctc_10q-113023.htm (10-Q) — 467KB
• jctcf_ex31x1.htm (EX-31.1) — 8KB
• jctcf_ex31x2.htm (EX-31.2) — 8KB
• jctcf_ex32x1.htm (EX-32.1) — 4KB
• jctcf_ex32x2.htm (EX-32.2) — 4KB
• 0001079973-24-000069.txt (&nbsp;) — 2942KB
• jctcf-20231130_lab.xml (EX-101.LAB) — 182KB
• jctcf-20231130_pre.xml (EX-101.PRE) — 147KB
• jctcf-20231130_cal.xml (EX-101.CAL) — 40KB
• jctcf-20231130_def.xml (EX-101.DEF) — 53KB
• jctcf-20231130.xsd (EX-101.SCH) — 24KB
• jctc_10q-113023_htm.xml (XML) — 399KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 3 Item 2.

Management's Discussion and Analysis of Financial Condition

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 25 Item 4.

Controls and Procedures

Controls and Procedures 25

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 26 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 26 Item 3. Defaults Upon Senior Securities 26 Item 4. Mine Safety Disclosures 26 Item 5. Other Information 26 Item 6. Exhibits 26 PART 1 – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED FINANCIAL STATEMENTS (Expressed in U.S. Dollars) (Unaudited – Prepared by Management) NOVEMBER 30, 2023 JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED BALANCE SHEETS (Expressed in U.S. Dollars) (Prepared by Management) (Unaudited) November 30, 2023 August 31, 2023 ASSETS Current assets Cash and cash equivalents $ 3,558,168 $ 83,696 Accounts receivable, net of allowance of $ 0 (August 31, 2023 - $ 0 ) 3,365,430 5,634,924 Inventory, net of allowance of $ 410,325 (August 31, 2023 - $ 497,884 ) (note 3) 17,513,417 18,339,048 Prepaid expenses 613,358 630,788 Total current assets 25,050,373 24,688,456 Property, plant and equipment, net (note 4) 4,545,687 4,655,427 Intangible assets, net (note 5) 112,847 134,845 Deferred tax assets (Note 6) 229,062 319,875 Total assets $ 29,937,969 $ 29,798,603 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 2,802,837 $ 2,181,194 Bank indebtedness (note 7) — 1,259,259 Income taxes payable (note 6) 349,745 147,629 Accrued liabilities 1,396,519 2,113,194 Total liabilities 4,549,101 5,701,276 Stockholders' equity Capital stock (notes 8, 9) Authorized 21,567,564 common shares, no par value 10,000,000 preferred shares, no par value Issued 3,498,899 common shares (August 31, 2023 – 3,498,899 ) 825,468 825,468 Additional paid-in capital 765,055 765,055 Retained earnings 23,798,345 22,506,804 Total stockholders' equity 25,388,868 24,097,327 Total liabilities and stockholders' equity $ 29,937,969 $ 29,798,603 The accompanying notes are an integral part of these consolidated financial statements. 3 JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Expressed in U.S. Dollars) (Prepared by Management) (Unaudited) Three Months Ended November 30, 2023 Three Months Ended November 30, 202

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View this 10-Q filing on SEC EDGAR