Scholastic Corporation (SCHL)
Current ratio
| 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 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 676,900 | 728,700 | 840,600 | 784,700 | 892,900 | 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 | 1,035,300 | 941,200 | 1,022,600 | 938,800 |
| Total current liabilities | US$ in thousands | 534,700 | 608,500 | 636,700 | 598,700 | 602,300 | 636,900 | 724,700 | 668,300 | 619,700 | 659,200 | 671,700 | 661,600 | 695,500 | 730,000 | 606,600 | 563,500 | 501,500 | 630,300 | 650,700 | 625,400 |
| Current ratio | 1.27 | 1.20 | 1.32 | 1.31 | 1.48 | 1.46 | 1.49 | 1.48 | 1.61 | 1.50 | 1.53 | 1.45 | 1.48 | 1.45 | 1.83 | 1.87 | 2.06 | 1.49 | 1.57 | 1.50 |
May 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $676,900K ÷ $534,700K
= 1.27
The current ratio of Scholastic Corporation has shown some fluctuation over the past 20 quarters, ranging from a low of 1.20 to a high of 2.06. Generally, the current ratio has been above 1, indicating that the company has had more current assets than current liabilities to cover its short-term obligations.
In more recent quarters, the current ratio has been relatively stable, hovering around the range of 1.27 to 1.61. This level of current ratio suggests that Scholastic Corporation has maintained a sufficient level of current assets to meet its current liabilities. A current ratio above 1 indicates that the company should be able to pay off its short-term obligations without relying heavily on outside financing or risking insolvency.
It is important to note that while a high current ratio can be a positive indicator of liquidity and financial health, an excessively high ratio may imply that the company is not efficiently utilizing its current assets. Conversely, a very low current ratio could indicate liquidity issues and potential difficulty in meeting short-term obligations.
Overall, Scholastic Corporation's current ratio trend indicates a generally healthy liquidity position, but it should be monitored to ensure that the company maintains an appropriate balance between current assets and liabilities.
Peer comparison
May 31, 2024