Scholastic Corporation (SCHL)
Debt-to-equity 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-equity 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 | 0.15 | 0.17 | 0.18 | 0.01 | 0.00 | 0.00 |
May 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $1,018,100K
= 0.00
The debt-to-equity ratio of Scholastic Corporation has exhibited a relatively low and stable trend over the past few quarters, with readings consistently at or near 0.00. However, there was a slight increase in the ratio in the most recent quarter, rising from 0.01 to 0.15, and then further to 0.17. This suggests that the company may have taken on a slightly higher level of debt relative to its equity during these periods.
It is worth noting that the ratios are still relatively low, indicating that Scholastic Corporation has historically maintained a conservative capital structure with a limited reliance on debt financing compared to equity. The sudden increase in the debt-to-equity ratio in the most recent quarters may warrant further investigation to understand the reasons behind the change and whether it signifies a shift in the company's financing strategy or temporary circumstances.
Peer comparison
May 31, 2024