MAYS J W INC
For the period ended Jul 31, 2024. Filed Oct 24, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Oct 24, 2024
MAYS$43.50+3.2%Stored close · as of Nov 9, 2026
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EX-13 · CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS
July 31, 2024 and 2023
| ASSETS | 2024 | 2023 |
|---|---|---|
| Property and Equipment-at cost: | ||
| Land | $6,067,805 | $6,067,805 |
| Buildings held for leasing: | ||
| Buildings, improvements and fixtures | 79,510,142 | 77,703,358 |
| Construction in progress | 2,387,207 | 1,767,444 |
| 81,897,349 | 79,470,802 | |
| Accumulated depreciation | (39,803,374) | (38,123,199) |
| Buildings held for leasing – net | 42,093,975 | 41,347,603 |
| Property and equipment-net | 48,161,780 | 47,415,408 |
| Cash and cash equivalents | 1,243,977 | 1,215,921 |
| Restricted cash | 1,041,624 | 1,001,814 |
| Receivables, net | 3,582,225 | 3,044,190 |
| Marketable securities | — | 2,300,441 |
| Prepaids and other assets | 3,048,044 | 2,773,004 |
| Deferred charges, net | 3,580,585 | 3,250,700 |
| Operating lease right-of-use assets | 28,866,800 | 30,913,904 |
| TOTAL ASSETS | $89,525,035 | $91,915,382 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Liabilities: | ||
| Mortgages payable | $3,874,246 | $5,144,205 |
| Accounts payable and accrued expenses | 2,271,963 | 1,718,435 |
| Security deposits payable | 1,077,964 | 1,005,925 |
| Operating lease liabilities | 25,309,725 | 26,512,112 |
| Deferred income taxes | 4,093,000 | 4,230,000 |
| Total liabilities | 36,626,898 | 38,610,677 |
| Shareholders’ Equity: | ||
| Common stock, par value $1 each share (shares-5,000,000 authorized; 2,178,297 issued) | 2,178,297 | 2,178,297 |
| Additional paid in capital | 3,346,245 | 3,346,245 |
| Retained earnings | 48,661,447 | 49,068,015 |
| 54,185,989 | 54,592,557 | |
| Common stock held in treasury, at cost - 162,517 shares at July 31, 2024 and July 31, 2023 | (1,287,852) | (1,287,852) |
| Total Shareholders’ Equity | 52,898,137 | 53,304,705 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $89,525,035 | $91,915,382 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.