Scholastic (Scholastic) Debt-to-Equity : 0.13 (As of Feb. 2024)

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What is Scholastic Debt-to-Equity?

Scholastic's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $54 Mil. Scholastic's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $79 Mil. Scholastic's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $998 Mil. Scholastic's debt to equity for the quarter that ended in Feb. 2024 was 0.13.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Scholastic's Debt-to-Equity or its related term are showing as below:

SCHL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.28
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Scholastic was 0.28. The lowest was 0.01. And the median was 0.08.

SCHL's Debt-to-Equity is ranked better than
66.55% of 846 companies
in the Media - Diversified industry
Industry Median: 0.28 vs SCHL: 0.13

Scholastic Debt-to-Equity Historical Data

The historical data trend for Scholastic's Debt-to-Equity 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.

* Premium members only.

Scholastic Debt-to-Equity Chart

Scholastic Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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0.01

0.27

0.24

0.08

0.09

Scholastic Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.09	0.11	0.11	0.13

Competitive Comparison of Scholastic's Debt-to-Equity

For the Publishing subindustry, Scholastic's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Scholastic's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Scholastic's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Scholastic's Debt-to-Equity falls into.

Scholastic Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Scholastic's Debt to Equity Ratio for the fiscal year that ended in May. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(27.2	+	73.8)	/	1162.9
	=	0.09

Scholastic's Debt to Equity Ratio for the quarter that ended in Feb. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(54.1	+	79.4)	/	997.6
	=	0.13

Scholastic (NAS:SCHL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Scholastic Debt-to-Equity Related Terms

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Scholastic (Scholastic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Scholastic Corp (NAS:SCHL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

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