Scholastic (Scholastic) Interest Expense : $0 Mil (TTM As of Feb. 2024)

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What is Scholastic Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Scholastic's interest expense for the three months ended in Feb. 2024 was $ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $0 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Scholastic's Operating Income for the three months ended in Feb. 2024 was $ -34 Mil. Scholastic's Interest Expense for the three months ended in Feb. 2024 was $ 0 Mil. GuruFocus does not calculate Scholastic's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Scholastic Interest Expense Historical Data

The historical data trend for Scholastic's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Scholastic Interest Expense Chart

Scholastic Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

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-2.20

-3.00

-6.20

-2.90

-1.40

Scholastic Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Scholastic Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Scholastic (NAS:SCHL) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Scholastic's Interest Expense for the three months ended in Feb. 2024 was $0 Mil. Its Operating Income for the three months ended in Feb. 2024 was $-34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $79 Mil.

Scholastic's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

GuruFocus does not calculate Scholastic's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

Scholastic (Scholastic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Scholastic Corp (NAS:SCHL) » Definitions » Interest Expense

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SL1:Germany

Address

557 Broadway, New York, NY, USA, 10012

Website

https://www.scholastic.com

Scholastic Corp is an American publishing and education media company that focuses on books and educational material for schools, teachers, parents, and children. The company is one of the world's largest publishers of children's books and also owns exclusive rights to various books, including Harry Potter and The Hunger Games. Some of the company's original titles include Clifford the Big Red Dog, Goosebumps, and The Magic School Bus. It has three reportable segments Children's Book Publishing and Distribution, Education Solutions and International. It majority of its revenue is from the Children's Book Publishing and Distribution segment.

Executives

John L Davies	director	C/O CORPORATE SECRETARY SCHOLASTIC CORP, 557 BROADWAY, NEW YORK NY 10012
Warwick Peter	director	C/O SCHOLASTIC INC., 557 BROADWAY, NEW YORK NY 10012
Sasha Quinton	officer: President, Book Fairs	C/O CORPORATE SECRETARY, SCHOLASTIC, 557 BROADWAY, NEW YORK NY 10012
Linda Li	director	C/O CORPORATE SECRETARY, SCHOLASTIC, 557 BROADWAY, NEW YORK NY 10012
Paul Hukkanen	officer: Chief Accounting Officer	C/O CORPORATE SECRETARY, SCHOLASTIC INC., 557 BROADWAY, NEW YORK NY 10012
Verdell Walker	director	C/O CORPORATE SECRETARY, SCHOLASTIC, 557 BROADWAY, NEW YORK NY 10019
Robert Louis Dumont	director	C/O SCHOLASTIC INC., 557 BROADWAY, NEW YORK NY 10012
Rose Else-mitchell	officer: President, Education Solutions	C/O HMH; 125 HIGH STREET, BOSTON MA 02110
Richard Robinson	director, 10 percent owner, officer: CEO, Chairman and President	C/O SCHOLASTIC CORP, 555 BROADWAY, NEW YORK NY 10012-3999
Andres A Alonso	director	C/O LEGAL DEPT.,SCHOLASTIC CORPORATION, 557 BROADWAY, NEW YORK NY 10012
Judith Newman	officer: EVP, Pres., BK Clubs & E-Comm	C/O CORPORATE SECRETARY, SCHOLASTIC CORPORATION, NEW YORK NY 10012
Andrews S Hedden	director, officer: EVP, General Counsel	C/O CORPORATE SECRETARY SCHOLASTIC CORP, 557 BROADWAY, NEW YORK NY 10012
Alan J Boyko	officer: President, Schl Book Fairs	C/O CORPORATE SECRETARY,SCHOLASTIC CORP, 557 BROADWAY, NEW YORK NY 10012
Mary Beech	director	C/O CORPORATE SECRETARY, SCHOLASTIC, 557 BROADWAY, NEW YORK NY 10012
Satbir Bedi	officer: EVP, Chief Technology Officer	C/O CORPORATE SECRETARY, SCHOLASTIC, 557 BROADWAY, NEW YORK NY 10012