Educational Development Corporation (EDUC)

Educational Development Balance Sheet

Financials in millions USD. Fiscal year is March - February.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Aug 31, 2024	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Cash & Equivalents	0.75	0.84	0.69	0.36	1.81	3
Cash & Short-Term Investments	0.75	0.84	0.69	0.36	1.81	3
Cash Growth	-50.80%	22.55%	90.78%	-80.07%	-39.58%	-6.25%
Accounts Receivable	2.08	1.94	2.91	3.64	3.35	2.97
Other Receivables	-	-	-	-	-	0.22
Receivables	2.08	1.94	2.91	3.64	3.35	3.19
Inventory	35.53	43.91	59.09	71.55	51.76	30.09
Prepaid Expenses	0.87	0.53	0.77	0.86	1.12	0.85
Restricted Cash	0.38	0.43	-	-	-	-
Other Current Assets	19.23	18.38	0.1	0.1	0.1	0.1
Total Current Assets	58.85	66.04	63.55	76.51	58.14	37.23
Property, Plant & Equipment	8.8	10.55	30.48	30.98	29.99	26.42
Long-Term Deferred Tax Assets	2.37	1.41	0.8	0.12	-	-
Other Long-Term Assets	15.18	12.1	5.11	2.32	0.72	1.05
Total Assets	85.19	90.11	99.94	109.93	88.85	64.7
Accounts Payable	2.62	3.91	3.86	12.41	19.67	9.66
Accrued Expenses	0.43	2.46	3.04	5.07	7.86	3.78
Short-Term Debt	6.1	5.5	10.63	17.72	5.25	-
Current Portion of Long-Term Debt	1.8	1.8	34.89	2.54	0.53	1.03
Current Portion of Leases	0.79	0.73	0.35	0.11	0.01	0.01
Current Income Taxes Payable	1.13	0.77	-	0.24	0.13	-
Current Unearned Revenue	0.5	0.58	0.6	0.68	2.48	0.39
Other Current Liabilities	2.65	1.26	0.74	1.48	1.98	1.52
Total Current Liabilities	16.02	17.01	54.12	40.26	37.92	16.39
Long-Term Debt	25.76	26.64	-	22.41	10.45	17.78
Long-Term Leases	0.77	0.89	0.48	0.38	0.02	0.03
Long-Term Deferred Tax Liabilities	-	-	-	-	0.09	0.99
Other Long-Term Liabilities	0.11	0.11	0.11	0.11	0.11	0.11
Total Liabilities	42.66	44.65	54.71	63.17	48.59	35.31
Common Stock	2.54	2.54	2.54	2.54	2.48	2.48
Additional Paid-In Capital	13.6	13.41	13.19	12.25	10.86	9.84
Retained Earnings	39.48	42.57	42.02	44.53	39.68	29.73
Treasury Stock	-13.07	-13.09	-12.52	-12.55	-12.77	-12.67
Comprehensive Income & Other	-0.02	0.02	-	-	-	-
Shareholders' Equity	42.54	45.45	45.23	46.77	40.26	29.39
Total Liabilities & Equity	85.19	90.11	99.94	109.93	88.85	64.7
Total Debt	35.22	35.55	46.35	43.17	16.26	18.86
Net Cash (Debt)	-34.47	-34.71	-45.66	-42.81	-14.45	-15.86
Net Cash Per Share	-4.17	-4.19	-5.60	-5.06	-1.72	-1.91
Filing Date Shares Outstanding	8.58	8.58	8.58	8.72	8.35	8.37
Total Common Shares Outstanding	8.58	8.58	8.71	8.71	8.35	8.35
Working Capital	42.83	49.02	9.43	36.25	20.23	20.84
Book Value Per Share	4.96	5.30	5.19	5.37	4.82	3.52
Tangible Book Value	42.54	45.45	45.23	46.77	40.26	29.39
Tangible Book Value Per Share	4.96	5.30	5.19	5.37	4.82	3.52
Land	-	-	4.11	4.11	4.11	4.11
Buildings	-	-	22.7	22.7	22.32	22.16
Machinery	-	15.01	15.06	14.33	8.4	8.14
Construction In Progress	-	0.31	1.27	0.5	4.44	0.53

Source: S&P Capital IQ. Standard template. Financial Sources.