J-Long Group Limited
JL Consumer Cyclical Apparel Manufacturing
J-Long Group Limited’s revenue for fiscal 2026 (year ended March 2026) was $42.2 million, up 8.07% from fiscal 2025.
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J-Long Group Limited (JL) Altman Z-score
J-Long Group Limited's Altman Z-score for fiscal 2026 is 4.42, 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 | 4.42 | 0.40 |
| FY2025 | 4.01 | 0.87 |
| FY2024 | 3.15 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.53 | — | 0.64 | |
| Retained earnings / total assets | 0.40 | — | 0.56 | |
| EBIT / total assets | 0.11 | — | 0.35 | |
| Market value of equity / total liabilities | 2.26 | — | 1.36 | |
| Sales / total assets | 1.51 | — | 1.51 | |
| Altman Z-score | Safe zone | 4.42 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 7.07 | ||
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 |
|---|---|
| JL J-Long Group Limited | 4.4× |
| JRSH Jerash Holdings (US), Inc. compare | 4.1× |
| LAKE Lakeland Industries, Inc. compare | 2.1× |
| DLAPQ Delta Apparel, Inc. compare | 1.6× |
| NCI Neo-Concept International Group Holdings Limited compare | 1.3× |
| PLCE The Children's Place, Inc. compare | 1.0× |
| JXG Aquaron Acquisition Corp. compare | −1.3× |
| XELB Xcel Brands, Inc compare | −4.4× |
| PMNT Perfect Moment Ltd. compare | −7.0× |
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