Scholastic Corporation (SCHL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 725,300 | 757,000 | 811,500 | 715,100 | 676,900 | 728,700 | 840,600 | 784,700 | 559,000 | 927,900 | 1,082,300 | 991,500 | 996,000 | 991,300 | 1,027,500 | 958,100 | 1,028,300 | 1,058,300 | 1,111,100 | 1,055,200 |
| 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 |
| Current ratio | 1.16 | 1.23 | 1.24 | 1.14 | 1.27 | 1.20 | 1.32 | 1.31 | 1.64 | 1.46 | 1.49 | 1.48 | 1.61 | 1.50 | 1.53 | 1.45 | 1.48 | 1.45 | 1.83 | 1.87 |
May 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $725,300K ÷ $626,400K
= 1.16
The current ratio of Scholastic Corporation demonstrates a generally stable liquidity position over the analyzed period from August 31, 2020, to May 31, 2025. Initially, the ratio was relatively high at 1.87 in August 2020, indicating that the company's current assets moderately exceeded its current liabilities, a sign of sound short-term liquidity. Throughout the subsequent quarters, the current ratio experienced fluctuations, reflecting periods of short-term asset and liability management changes.
A notable decline occurred by February 28, 2021, when the ratio decreased to 1.45, and it fluctuated within a narrow range between approximately 1.31 and 1.64 in the subsequent intervals. The ratio peaked at 1.64 in May 2023, suggesting a slightly improved liquidity stance compared to earlier periods. Conversely, the ratio reached its lowest point at 1.14 in August 2024, signifying a reduction in liquidity cushion.
Overall, the trend indicates a gradual decrease in the current ratio from its initial high in 2020, continuing into 2024, with some minor recoveries. Although the ratio remained above 1 throughout the period, indicating that current assets consistently exceeded current liabilities, the declining trend warrants attention. It suggests that the company's liquidity position has somewhat weakened over time, reducing its buffer to meet short-term obligations comfortably.
The observed fluctuations and downward trend may be attributable to strategic shifts in asset composition, liabilities management, or operational cash flows. Nonetheless, the current ratio's maintenance above 1 indicates that, as of the latest available data, Scholastic Corporation retained a fluid short-term position, though ongoing monitoring of liquidity levels is advisable.
Peer comparison
May 31, 2025