Note 13 - Financial Instruments |
12 Months Ended |
|---|---|
May 31, 2026 | |
| Notes to Financial Statements | |
| Financial Instruments Disclosure [Text Block] |
Note 13. FINANCIAL INSTRUMENTS
The following methods and assumptions are used in estimating the fair-value disclosures for financial instruments:
Cash, Accounts Receivable and Accounts Payable: The carrying amounts reported in the consolidated balance sheets for cash, accounts receivable and accounts payable approximate fair value due to the short-term maturity of these instruments.
Long-Term Debt: The carrying amount of loans with floating rates of interest approximate fair value. Fixed rate loans are valued based on cash flows using estimated rates for comparable loans. As of May 31, 2026 and 2025, the carrying amounts reported in the consolidated balance sheets approximate fair value for the variable and fixed rate loans.
|