Scholastic Corporation (SCHL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,018,100 | 1,162,900 | 1,217,000 | 1,180,800 | 1,179,200 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.01 | 0.15 |
May 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $1,018,100K)
= 0.00
The debt-to-capital ratio of Scholastic Corporation has been consistently low over the past five years, indicating a strong financial position with minimal reliance on debt financing. The ratio was 0.00 in 2024, 2023, and 2022, suggesting that the company's total debt represents a negligible proportion of its total capital structure during those years. In 2021, the ratio slightly increased to 0.01, which remains very low and indicates a conservative capital structure. However, there was a notable spike in the debt-to-capital ratio to 0.15 in 2020, signaling a significant increase in debt relative to capital during that year. Overall, the historical trend of low debt-to-capital ratios reflects Scholastic Corporation's prudent financial management and ability to maintain a healthy balance between debt and equity in its capital structure.
Peer comparison
May 31, 2024