Scholastic Corporation (SCHL)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,300 | 0 | 175,000 | 200,000 | 210,600 | 6,400 | 2,600 | 0 |
| Total assets | US$ in thousands | 1,671,200 | 1,715,200 | 1,833,500 | 1,772,300 | 1,866,700 | 1,877,500 | 2,034,000 | 1,931,700 | 1,940,800 | 1,940,500 | 1,980,700 | 1,925,300 | 2,008,300 | 2,035,000 | 2,106,900 | 2,056,300 | 2,033,600 | 1,948,400 | 2,031,700 | 1,944,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.10 | 0.10 | 0.00 | 0.00 | 0.00 |
May 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $1,671,200K
= 0.00
The debt-to-assets ratio of Scholastic Corporation has been consistently low, hovering around 0.00 in most recent quarters. However, there was a slight increase in the ratio to 0.08 in November 2020, followed by further increases to 0.10 in August 2020 and May 2020. These increases suggest that the company may have taken on some debt relative to its asset base during these periods. It is worth noting that prior to November 2020, the company maintained a consistent 0.00 debt-to-assets ratio, indicating a conservative approach to leveraging debt in relation to its total assets. Overall, the recent slight uptick in the debt-to-assets ratio may warrant further investigation to understand the company's financing decisions and their potential impact on its financial health.
Peer comparison
May 31, 2024