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Jerash Holdings (US) cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$2.3M in Q1 FY27 · $6.7M over twelve months

Operating cash flow$2.5M
Capital spending−$185K
Free cash flow+$2.3M
Cash / net income1.5×
Cash conversion cycle61 days

Analysis

In Q1 FY27, Jerash Holdings (US) generated $2.5M of operating cash flow and spent $185K on capital projects, leaving free cash flow of $2.3M. That is $9.3M more than in Q1 FY26 (−$6.9M).

Over the twelve months to Jun 30, 2026, operating cash flow was $11.5M; the largest uses were capital spending ($4.8M), dividends ($2.5M), other investing ($945K); besides operations, cash came from other financing ($2.8M), net borrowing (+) / repaid (−) ($616K); the cash balance rose by $6.6M.

Operating cash flow was $2.5M against net income of $1.7M — 1.5× profit, cash ran ahead of reported earnings. The largest differences: payables −$4.0M, inventory +$3.4M, accrued liabilities −$333K.

Its cash conversion cycle was 61 days (receivables 10 + inventory 61 − payables 11).

Free cash flow

Jerash Holdings (US): free cash flow by quarterJerash Holdings (US): free cash flow by quarter$4.4MQ2 FY25−$3.2MQ3 FY25$1.5MQ4 FY25−$6.9MQ1 FY26$6.4MQ2 FY26−$3.9MQ3 FY26$1.8MQ4 FY26$2.3MQ1 FY27
Operating cash flow less capital spending.
Jerash Holdings (US): operating cash flow against capital spendingJerash Holdings (US): operating cash flow against capital spendingOperating cash flowCapital spending$4.6M$218KQ2 FY25−$3.0M$143KQ3 FY25$1.9M$459KQ4 FY25−$6.5M$465KQ1 FY26$6.8M$380KQ2 FY26−$3.8M$92KQ3 FY26$6.0M$4.2MQ4 FY26$2.5M$185KQ1 FY27
Latest (Q1 FY27): Operating cash flow $2.5M, Capital spending $185K.

Capital allocation, year by year

Jerash Holdings (US): where the cash came from (up) and went (down), by fiscal yearJerash Holdings (US): where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksDividendsFY22: Operating cash flow $9.0MFY22: Net borrowing −$613KFY22: Shares issued $6.3MFY22: Capital spending −$3.0MFY22: Acquisitions −$2.7MFY22: Dividends −$2.4M$15.2MFY22FY23: Operating cash flow $10.8MFY23: Capital spending −$723KFY23: Buybacks −$1.2MFY23: Dividends −$2.5M$10.8MFY23FY24: Operating cash flow $2.5MFY24: Capital spending −$1.2MFY24: Dividends −$2.5M$2.5MFY24FY25: Operating cash flow $1.4MFY25: Net borrowing $4.5MFY25: Capital spending −$951KFY25: Dividends −$2.5M$5.9MFY25FY26: Operating cash flow $2.5MFY26: Net borrowing $391KFY26: Capital spending −$5.1MFY26: Dividends −$2.5M$2.9MFY26
Over these 5 years operating cash flow totalled $26.1M; the largest uses were dividends ($12.3M) and capital spending ($11.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$12.4M
Debt$2.8M
Net cash$9.6M
Due within a year$59K

Jerash Holdings (US) funds itself: free cash flow was $6.7M over the last twelve months, and $12.4M of cash and investments stands against $2.8M of debt ($59K due within a year, 211.1× covered by cash).

Jerash Holdings (US): debt maturities by year (FY26)Jerash Holdings (US): debt maturities by year (FY26)$59KYear 1$353KYear 2$353KYear 3$353KYear 4$353KYear 5$1.4MAfter year 5
Principal due in each year as disclosed in the annual report, against $12.4M of cash and investments now.

Where the cash came from and went

Jerash Holdings (US): sources (+) and uses (−) of cash, Q1 FY27Jerash Holdings (US): sources (+) and uses (−) of cash, Q1 FY27Operating cash flow$2.5MCash drawn (+) / kept (−)−$1.6MDividends−$635KOther investing−$529KNet borrowing (+) / repaid (−)$452KCapital spending−$185KOther financing$29KExchange rates−$26K
Jerash Holdings (US): sources (+) and uses (−) of cash, TTM to Q1 FY27Jerash Holdings (US): sources (+) and uses (−) of cash, TTM to Q1 FY27Operating cash flow$11.5MCash drawn (+) / kept (−)−$6.6MCapital spending−$4.8MOther financing$2.8MDividends−$2.5MOther investing−$945KNet borrowing (+) / repaid (−)$616KExchange rates−$4K

From profit to cash

Jerash Holdings (US): net income to operating cash flow, Q1 FY27Jerash Holdings (US): net income to operating cash flow, Q1 FY27Net income$1.7MDepreciation & amortization$102KStock-based pay$226KReceivables−$220KInventory$3.4MPayables−$4.0MAccrued liabilities−$333KDeferred revenue$79KPrepaid and other assets−$138KIncome taxes payable$259KOperating cash flow$2.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 FY2710611161
Q4 FY2614711471
Q3 FY2615691569
Q2 FY2617691868
Q1 FY2615751772
Q4 FY2516881984
Q3 FY2517601365
Q2 FY2517571163

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q1 FY27$2.5M−$185K−$635K$452K−$1.6M$2.3M
Q4 FY26$6.0M−$4.2M−$635K−$4.4M$688K$1.8M
Q3 FY26−$3.8M−$92K−$635K$4.2M$547K−$3.9M
Q2 FY26$6.8M−$380K−$635K$408K−$6.2M$6.4M
Q1 FY26−$6.5M−$465K−$635K$256K$7.6M−$6.9M
Q4 FY25$1.9M−$459K−$615K−$455K−$281K$1.5M
Q3 FY25−$3.0M−$143K−$615K$1.4M$3.1M−$3.2M
Q2 FY25$4.6M−$218K−$615K$1.4M−$4.9M$4.4M

Jerash Holdings (US): income statement and cash flow

Jerash Holdings (US), Q1 FY27: revenue $50.2M (+27% year over year), operating margin 5.2%. The chart follows the revenue to costs, profit and cash.

Jerash Holdings (US): every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.