Scholastic Balance Sheet Health
Financial Health criteria checks 5/6
Scholastic has a total shareholder equity of $957.3M and total debt of $231.1M, which brings its debt-to-equity ratio to 24.1%. Its total assets and total liabilities are $2.0B and $1.0B respectively. Scholastic's EBIT is $42.8M making its interest coverage ratio 25.2. It has cash and short-term investments of $84.1M.
Key information
24.1%
Debt to equity ratio
US$231.10m
Debt
| Interest coverage ratio | 25.2x |
| Cash | US$84.10m |
| Equity | US$957.30m |
| Total liabilities | US$1.00b |
| Total assets | US$1.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SL1's short term assets ($715.1M) exceed its short term liabilities ($628.4M).
Long Term Liabilities: SL1's short term assets ($715.1M) exceed its long term liabilities ($374.3M).
Debt to Equity History and Analysis
Debt Level: SL1's net debt to equity ratio (15.4%) is considered satisfactory.
Reducing Debt: SL1's debt to equity ratio has increased from 1.1% to 24.1% over the past 5 years.
Debt Coverage: SL1's debt is well covered by operating cash flow (65.3%).
Interest Coverage: SL1's interest payments on its debt are well covered by EBIT (25.2x coverage).