Scholastic Corporation (SCHL)
Debt-to-assets ratio
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 0 | 0 | 7,300 | 210,600 |
| Total assets | US$ in thousands | 1,671,200 | 1,866,700 | 1,940,800 | 2,008,300 | 2,033,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 |
May 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $1,671,200K
= 0.00
The debt-to-assets ratio for Scholastic Corporation has shown consistent stability at a very low level over the past five years. The ratio remained at 0.00 for the years 2024, 2023, 2022, and 2021, indicating that the company has not relied on debt financing to fund its operations and investments, and its assets have mainly been financed through equity.
However, it is worth noting that there was a slight increase in the ratio to 0.10 in 2020, suggesting a small level of debt relative to assets in that year. This increase could be due to various reasons, such as the company taking on additional debt for strategic reasons, capital expenditures, or other financial needs.
Overall, the consistently low debt-to-assets ratio for Scholastic Corporation reflects a conservative financial approach with a limited reliance on debt, indicating a lower financial risk and potentially stronger financial stability for the company.
Peer comparison
May 31, 2024