Juhl Wind engages in Community Based Wind Power development and management, focused on wind farm projects throughout the US and Canada. At first sight, the company's unaudited 10-Q report looks pretty good. Though, the second glance makes the situation different.
Despite its improved cash position, total liabilities of JUHL are higher than its assets, and some of them are long-term. Also, the operating loss has notably increased, while the accumulated deficit exceeded $15 million until June 30 this year.
Apart from the losses, it turns out that Juhl Wind operates mainly on credit lines and it is uncertain how the company will repay them.