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Educational Development Corp  (NAS:EDUC) Total Liabilities: \$44.4 Mil (As of Aug. 2017)

Educational Development Corp's total liabilities for the quarter that ended in Aug. 2017 was \$44.4 Mil.

Educational Development Corp's quarterly total liabilities declined from Feb. 2017 (\$51.10 Mil) to May. 2017 (\$45.22 Mil) and declined from May. 2017 (\$45.22 Mil) to Aug. 2017 (\$44.37 Mil).

Educational Development Corp's annual total liabilities increased from Feb. 2015 (\$5.69 Mil) to Feb. 2016 (\$36.47 Mil) and increased from Feb. 2016 (\$36.47 Mil) to Feb. 2017 (\$51.10 Mil).

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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Educational Development Corp Annual Data

 Feb08 Feb09 Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Total Liabilities 4.45 4.18 5.69 36.47 51.10

Educational Development Corp Quarterly Data

 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Total Liabilities 51.52 56.27 51.10 45.22 44.37

Calculation

Total liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Educational Development Corp's Total Liabilities for the fiscal year that ended in Feb. 2017 is calculated as

 Total Liabilities = Total Current Liabilities + Total Long Term Liabilities = Total Current Liabilities + (Long-Term Debt & Capital Lease Obligation + Other Long Term Assets = 30.097 + (20.666 + -4.94049245958E-15 + NonCurrentDeferredLiabilities + PensionAndRetirementBenefit + Minority Interest) + 0.339 + 0 + 0) = 51.1

 Total Liabilities = Total Assets (A: Feb. 2017 ) - Total Equity (A: Feb. 2017 ) = 66.319 - 15.217 = 51.1

Educational Development Corp's Total Liabilities for the quarter that ended in Aug. 2017 is calculated as

 Total Liabilities = Total Current Liabilities + (Total Long Term Liabilities) = Total Current Liabilities + (Long-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation = 22.93 + (21.254 + 0.107 + NonCurrentDeferredLiabilities + PensionAndRetirementBenefit + Minority Interest) + 0.078 + 0 + 0) = 44.4

 Total Liabilities = Total Assets (Q: Aug. 2017 ) - Total Equity (Q: Aug. 2017 ) = 61.812 - 17.443 = 44.4

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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