JBDI Holdings Limited
JBDI Consumer Cyclical Specialty Retail
JBDI Holdings Limited’s revenue for fiscal 2026 (year ended May 2026) was $8.5 million, up 0.92% from fiscal 2025. In the quarter to May 2026, free cash flow grew 82.3% and total debt fell 29.6%, each against the same quarter a year earlier.
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JBDI Holdings Limited (JBDI) Altman Z-score
JBDI Holdings Limited's Altman Z-score for fiscal 2026 is 3.39, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 3.39 | (1.53) |
| FY2025 | 4.92 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.54 | — | 0.65 | |
| Retained earnings / total assets | (0.56) | — | −0.78 | |
| EBIT / total assets | (0.03) | — | −0.09 | |
| Market value of equity / total liabilities | 3.76 | — | 2.26 | |
| Sales / total assets | 1.36 | — | 1.36 | |
| Altman Z-score | Safe zone | 3.39 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.19 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| PTLE PTL Limited compare | 54.5× |
| JBDI JBDI Holdings Limited | 3.4× |
| RECT Rectitude Holdings Ltd. compare | 3.0× |
| TLF Tandy Leather Factory, Inc. compare | 2.8× |
| ZOOZ ZOOZ Strategy Ltd. compare | 2.2× |
| TKLF Tokyo Lifestyle Co., Ltd. compare | 2.1× |
| TCSGQ Container Store (The) compare | −0.4× |
| SPWH Sportsman's Warehouse Holdings, Inc. compare | — |
| NPT Texxon Holding Limited compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets