Scholastic Corporation (SCHL)
Cash ratio
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 124,000 | 94,700 | 139,600 | 84,100 | 113,700 | 110,400 | 149,500 | 125,800 | 224,500 | 198,800 | 261,100 | 239,700 | 316,600 | 308,900 | 300,700 | 308,600 | 366,500 | 353,200 | 356,600 | 355,500 |
| Short-term investments | US$ in thousands | — | — | — | 900 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 626,400 | 616,700 | 655,800 | 628,400 | 534,700 | 608,500 | 636,700 | 598,700 | 340,000 | 636,900 | 724,700 | 668,300 | 619,700 | 659,200 | 671,700 | 661,600 | 695,500 | 730,000 | 606,600 | 563,500 |
| Cash ratio | 0.20 | 0.15 | 0.21 | 0.14 | 0.21 | 0.18 | 0.23 | 0.21 | 0.66 | 0.31 | 0.36 | 0.36 | 0.51 | 0.47 | 0.45 | 0.47 | 0.53 | 0.48 | 0.59 | 0.63 |
May 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($124,000K
+ $—K)
÷ $626,400K
= 0.20
The cash ratio trend for Scholastic Corporation over the analyzed periods reveals notable fluctuations with a general declining trend from August 2020 through August 2024.
Starting at 0.63 in August 2020, the cash ratio experienced a gradual decline over the subsequent periods, reaching a low of 0.21 in August 2024. Notable decreases are observed between August 2021 (0.47) and August 2022 (0.36), and further drops are evident into early 2024, reaching the lowest point of 0.14 in August 2024.
Periodically, the ratio demonstrates brief recoveries, such as a significant increase to 0.66 in May 2023, indicating a temporary strengthening of Scholastic’s liquidity position at that time. However, this improvement is short-lived, with subsequent readings falling back to levels around 0.21 in late 2024.
Overall, the declining trend in the cash ratio suggests a decreasing proportion of cash and cash equivalents relative to current liabilities. This trend may reflect increasing reliance on other liquidity sources or a strategic shift in cash management, but it also indicates potential tightening of liquidity buffers over time. The persistent decrease in the cash ratio signals potential concerns regarding immediate liquidity given the reduced cash holdings relative to short-term obligations.
Peer comparison
May 31, 2025