Jerash Holdings Files 10-Q for Q3 2024
Ticker: JRSH · Form: 10-Q · Filed: Feb 12, 2025 · CIK: 1696558
| Field | Detail |
|---|---|
| Company | Jerash Holdings (Us), INC. (JRSH) |
| Form Type | 10-Q |
| Filed Date | Feb 12, 2025 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, apparel-manufacturing
TL;DR
**JERASH 10-Q FILED: Q3 2024 UPDATE OUT NOW**
AI Summary
Jerash Holdings (US), Inc. filed its quarterly report for the period ending December 31, 2024. The company, incorporated in Delaware with its principal business address in Fairfield, New Jersey, operates in the apparel manufacturing sector. This 10-Q filing provides an update on its financial and operational status for the specified quarter.
Why It Matters
This filing provides investors with an update on Jerash Holdings' financial performance and operational status for the quarter ending December 31, 2024, which is crucial for investment decisions.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal performance issues or positive trends, impacting the stock price.
Key Players & Entities
- Jerash Holdings (US), Inc. (company) — Registrant
- December 31, 2024 (date) — Quarterly period end date
- Delaware (jurisdiction) — State of incorporation
- Fairfield, New Jersey (location) — Business address
- 001-38474 (identifier) — Commission File Number
FAQ
What is the reporting period for this 10-Q filing?
The quarterly period ended December 31, 2024.
What is the official name of the company filing this report?
The exact name of the registrant is Jerash Holdings (US), Inc.
In which state was Jerash Holdings (US), Inc. incorporated?
Jerash Holdings (US), Inc. was incorporated in Delaware.
What is the business address of Jerash Holdings (US), Inc.?
The business address is 277 Fairfield Road, Suite 338, Fairfield, New Jersey, 07004.
What is the Commission File Number for Jerash Holdings (US), Inc.?
The Commission File Number is 001-38474.
Filing Stats: 4,500 words · 18 min read · ~15 pages · Grade level 16.7 · Accepted 2025-02-11 21:00:23
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share JRSH The Nasdaq Stock Market
Filing Documents
- ea0229026-10q_jerash.htm (10-Q) — 1192KB
- ea022902601ex31-1_jerash.htm (EX-31.1) — 10KB
- ea022902601ex31-2_jerash.htm (EX-31.2) — 10KB
- ea022902601ex32-1_jerash.htm (EX-32.1) — 5KB
- ea022902601ex32-2_jerash.htm (EX-32.2) — 5KB
- 0001213900-25-012363.txt ( ) — 6226KB
- jrsh-20241231.xsd (EX-101.SCH) — 50KB
- jrsh-20241231_cal.xml (EX-101.CAL) — 45KB
- jrsh-20241231_def.xml (EX-101.DEF) — 269KB
- jrsh-20241231_lab.xml (EX-101.LAB) — 467KB
- jrsh-20241231_pre.xml (EX-101.PRE) — 287KB
- ea0229026-10q_jerash_htm.xml (XML) — 706KB
Signatures
Signatures 35 i JERASH HOLDINGS (US), INC. PART I - FINANCIAL INFORMATION
Financial
Item 1. Financial JERASH HOLDINGS (US), INC., AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS December 31, 2024 March 31, 2024 (Unaudited) ASSETS Current Assets: Cash $ 13,219,109 $ 12,428,369 Accounts receivable, net 7,237,959 5,417,513 Inventories 19,118,133 27,241,573 Prepaid expenses and other current assets 3,676,154 2,746,068 Advance to suppliers, net 7,862,708 3,086,137 Total Current Assets 51,114,063 50,919,660 Restricted cash - non-current 1,563,809 1,608,498 Long-term deposits 1,109,073 802,306 Deferred tax assets, net 158,329 158,329 Property, plant, and equipment, net 24,394,170 24,998,096 Goodwill 499,282 499,282 Operating lease right of use assets 997,989 1,259,395 Total Assets $ 79,836,715 $ 80,245,566 LIABILITIES AND EQUITY Current Liabilities: Credit facilities $ 4,967,944 $ - Accounts payable 3,888,084 6,340,237 Accrued expenses 3,840,591 4,175,843 Income tax payable - current 1,128,634 1,647,199 Uncertain tax provision 273,582 - Other payables 1,825,970 2,234,870 Deferred revenue 58,642 10,200 Operating lease liabilities - current 325,615 370,802 Total Current Liabilities 16,309,062 14,779,151 Operating lease liabilities - non-current 344,412 618,302 Income tax payable - non-current - 417,450 Total Liabilities 16,653,474 15,814,903 Commitments and Contingencies (Note 16) Equity Preferred stock, $ 0.001 par value; 500,000 shares authorized; none issued and outstanding $ - $ - Common stock, $ 0.001 par value; 30,000,000 shares authorized; 12,534,318 shares issued, and 12,294,840 shares outstanding 12,534 12,534 Additional paid-in capital 25,334,205 23,917,094 Treasury stock, 239,478 shares ( 1,169,046 ) ( 1,169,046 ) Statutory reserve 413,821 413,821 Retained earnings 39,164,278 41,704,238 Accumulated other comprehensive loss ( 616,792 ) ( 492,319 ) Total Jerash Holdings (US), Inc
financial statements
financial statements. The Company's accounts receivable and other receivables, which are included in prepaid expenses and other current assets line items in the consolidated balance sheet, are within the scope of ASC Topic 326. The Company measures expected credit losses of account receivables and other receivables, on a collective basis when similar risk characteristics exist. The Company makes estimates of expected credit and collectability trends for the allowance for credit losses based upon assessment of various factors, including historical experience, the age of the receivables, creditworthiness of the customers and other debtors, current economic cond