Scholastic (Scholastic) Effective Interest Rate on Debt % : 0.00% (As of Feb. 2024)

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What is Scholastic Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Scholastic's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $0 Mil. Scholastic's average total debt for the quarter that ended in Feb. 2024 was $124 Mil. Therefore, Scholastic's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.00%.

Scholastic Effective Interest Rate on Debt % Historical Data

The historical data trend for Scholastic's Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Chart

Scholastic Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Effective Interest Rate on Debt %

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28.95

1.85

2.07

1.53

1.41

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

Competitive Comparison of Scholastic's Effective Interest Rate on Debt %

For the Publishing subindustry, Scholastic's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Scholastic's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Scholastic's Effective Interest Rate on Debt % falls into.

Scholastic Effective Interest Rate on Debt % Calculation

Scholastic's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2022 )	+	Total Debt (A: May. 2023 ))	/ count )
=	-1 * -1.4	/	( (97.1	+	101)	/ 2 )
=	-1 * -1.4	/	99.05
=	1.41 %

where

	Total Debt (A: May. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	69.8	+	27.3
=	97.1

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	73.8	+	27.2
=	101

Scholastic's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * 0	/	( (113.8	+	133.5)	/ 2 )
=	-1 * 0	/	123.65
=	0.00 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	84.1	+	29.7
=	113.8

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	79.4	+	54.1
=	133.5

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Scholastic (NAS:SCHL) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Scholastic Effective Interest Rate on Debt % Related Terms

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Scholastic (Scholastic) Business Description

Industry

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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