Scholastic Corporation (SCHL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,018,100 | 997,600 | 1,079,100 | 1,054,600 | 1,162,900 | 1,148,400 | 1,216,500 | 1,164,800 | 1,217,000 | 1,183,800 | 1,208,800 | 1,148,300 | 1,180,800 | 1,175,400 | 1,186,400 | 1,146,000 | 1,179,200 | 1,197,900 | 1,260,000 | 1,195,400 |
| Debt-to-capital 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 | 0.01 | 0.00 | 0.13 | 0.15 | 0.15 | 0.01 | 0.00 | 0.00 |
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 for Scholastic Corporation has been consistently low over the periods indicated in the table. From November 2020 to February 2021, there was a slight uptick in the ratio from 0.01 to 0.13, and then to 0.15, suggesting a temporary increase in the company's reliance on debt compared to its capital structure during that time. However, the ratio quickly reverted back to lower levels in subsequent periods.
Overall, the consistently low debt-to-capital ratios indicate that Scholastic Corporation has been maintaining a conservative capital structure with a minimal amount of debt relative to its total capital. This could suggest a lower level of financial risk and potentially less financial leverage compared to companies with higher debt levels. It may also indicate that the company has been primarily financing its operations and investments through equity rather than debt.
Peer comparison
May 31, 2024