New Oriental Education & Technology Group Inc. (EDU) balance sheet
NYSE · Consumer Defensive · Education & Training Services · 81,054 employees · CEO Chenggang Zhou
- Price
- $53.28
- Market cap
- $8.26B
- Enterprise value
- $6.91B Data as of 2026-11-14
- Last report
- Q1 '27 filed 2026-10-28
- Next report
- 2027-01-27 EPS est. $0.54
At the end of Q1 '27 New Oriental Education & Technology Group Inc. (EDU) held $5.16B in cash and short-term investments against $864M of debt incl. leases. Total assets $8.86B, total liabilities $4.26B, shareholders' equity $4.24B.
Balance sheet
| Balance sheet | Trend | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $1.94B | $2.01B | $1.39B | $1.15B | $1.42B | $1.42B | $1.61B | $1.28B | $1.84B | $1.94B | $2B | $1.75B | |
| Short-term investments | $2.5B | $2.55B | $3.39B | $3.66B | $3.29B | $2.88B | $2.97B | $3.39B | $3.09B | $3.02B | $3.29B | $3.4B | |
| Receivables | $40.8M | $40M | $194M | $39.1M | $41.1M | $39.3M | $190M | $42.5M | $42.9M | $42.6M | $44.7M | $58.2M | |
| Inventory | $86.6M | $96.5M | $92.8M | $95.4M | $92.7M | $85.7M | $80.9M | $86.3M | $92.1M | $86M | $106M | $114M | |
| Other current assets | $403M | $150M | $190M | $550M | $525M | $453M | $193M | $513M | $515M | $339M | $389M | $593M | |
| Current assets | $4.98B | $5.13B | $5.39B | $5.49B | $5.37B | $4.87B | $5.19B | $5.31B | $5.59B | $5.43B | $5.83B | $5.92B | |
| Property, plant & equipment (net) | $904M | $1.02B | $1.16B | $1.41B | $1.43B | $1.45B | $1.56B | $1.6B | $1.58B | $1.64B | $1.73B | $1.78B | |
| Long-term investments | $795M | $637M | $385M | $468M | $501M | $779M | $744M | $756M | $761M | $918M | $492M | $852M | |
| Goodwill | $105M | $104M | $104M | $106M | $104M | $103M | $43.8M | $44.2M | $44.6M | $46M | $46.6M | $46.8M | |
| Intangible assets | $25.1M | $23.5M | $23.1M | $17.6M | $20.2M | $18.6M | $67.9M | $66.9M | $65.7M | $9.17M | $7.77M | $63.5M | |
| Deferred tax assets | $57.3M | $63.7M | $72.7M | $71.6M | $71.5M | $80.4M | $97.9M | $73.8M | $80.5M | $85.6M | $105M | $92.9M | |
| Other non-current assets | $268M | $212M | $396M | $150M | $140M | $141M | $103M | $166M | $172M | $122M | $574M | $101M | |
| Non-current assets | $2.15B | $2.06B | $2.14B | $2.22B | $2.26B | $2.57B | $2.62B | $2.7B | $2.7B | $2.82B | $2.96B | $2.94B | |
| Total assets | $7.13B | $7.19B | $7.53B | $7.71B | $7.63B | $7.45B | $7.81B | $8.01B | $8.29B | $8.24B | $8.79B | $8.86B | |
| Liabilities | |||||||||||||
| Accounts payable | $109M | $138M | $106M | $102M | $92.1M | $85.6M | $80.5M | $85.2M | $94.5M | $109M | $127M | $142M | |
| Accrued expenses | $591M | $624M | $413M | $702M | $687M | $678M | $448M | $746M | $743M | $795M | $0 | $841M | |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $285M | $0 | |
| Taxes payable | $153M | $166M | $140M | $205M | $176M | $189M | $190M | $213M | $0 | $0 | $0 | $274M | |
| Deferred revenue | $1.64B | $1.52B | $1.79B | $1.73B | $1.96B | $1.75B | $1.96B | $1.91B | $2.16B | $1.89B | $2.24B | $2.12B | |
| Other current liabilities | $0 | $0 | $193M | $0 | $0 | $0 | $216M | $0 | $0 | $367K | $1.03B | $0 | |
| Current liabilities | $2.66B | $2.63B | $3B | $2.97B | $3.13B | $2.94B | $3.29B | $3.21B | $3.55B | $3.28B | $3.89B | $3.68B | |
| Long-term debt | $14.4M | $14.4M | $14.4M | $14.4M | $14.4M | $14.4M | $14.4M | $0 | $0 | $0 | $0 | $0 | |
| Lease obligations (non-current) | $330M | $371M | $448M | $474M | $490M | $485M | $533M | $524M | $518M | $534M | $564M | $567M | |
| Deferred tax liabilities | $26.4M | $25.8M | $19.4M | $16.6M | $14.6M | $30M | $14.2M | $18.8M | $14M | $14.1M | $14.1M | $14.1M | |
| Non-current liabilities | $371M | $412M | $482M | $505M | $519M | $529M | $562M | $543M | $532M | $548M | $578M | $581M | |
| Total liabilities | $3.04B | $3.04B | $3.48B | $3.47B | $3.65B | $3.47B | $3.85B | $3.75B | $4.09B | $3.83B | $4.47B | $4.26B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $0 | $0 | $1.7M | $0 | $0 | $0 | $1.7M | $0 | $0 | $0 | $0 | $0 | |
| Retained earnings | $0 | $0 | $1.51B | $0 | $0 | $0 | $1.77B | $0 | $0 | $0 | $0 | $0 | |
| Accumulated other comprehensive income | $0 | $0 | $390M | $0 | $0 | $0 | $422M | $0 | $0 | $0 | $0 | $0 | |
| Shareholders' equity | $3.83B | $3.87B | $3.78B | $3.97B | $3.7B | $3.69B | $3.66B | $3.95B | $3.89B | $4.09B | $3.99B | $4.24B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $511M | $564M | $662M | $710M | $723M | $739M | $804M | $784M | $780M | $807M | $849M | $864M | |
| Net debt (debt - cash) | -$1.43B | -$1.45B | -$727M | -$436M | -$695M | -$680M | -$809M | -$498M | -$1.06B | -$1.13B | -$1.15B | -$891M | |
| Balance sheet | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $641M | $983M | $1.41B | $915M | $1.61B | $1.15B | $1.66B | $1.39B | $1.61B | $2B | |
| Short-term investments | $1.52B | $1.73B | $1.78B | $2.6B | $4.65B | $3.04B | $2.33B | $3.39B | $2.97B | $3.29B | |
| Receivables | $3.34M | $3.18M | $3.3M | $4.18M | $118M | $125M | $137M | $194M | $190M | $44.7M | |
| Inventory | $31.7M | $40.2M | $29M | $31.3M | $31.2M | $27.9M | $52.7M | $92.8M | $80.9M | $106M | |
| Other current assets | $75.5M | $120M | $185M | $155M | $15.5M | $12.4M | $209M | $190M | $193M | $389M | |
| Current assets | $2.33B | $2.94B | $3.47B | $3.76B | $6.57B | $4.47B | $4.41B | $5.39B | $5.19B | $5.83B | |
| Property, plant & equipment (net) | $283M | $450M | $532M | $2.1B | $2.72B | $934M | $799M | $1.16B | $1.56B | $1.73B | |
| Long-term investments | $217M | $433M | $405M | $431M | $538M | $438M | $862M | $525M | $744M | $492M | |
| Goodwill | $14.1M | $31.7M | $79.6M | $80.4M | $73.3M | $70.8M | $106M | $104M | $43.8M | $46.6M | |
| Intangible assets | $7.67M | $12.3M | $20.3M | $16.3M | $18.8M | $6.43M | $28.5M | $23.1M | $67.9M | $7.77M | |
| Deferred tax assets | $28.9M | $43.3M | $61.5M | $63.3M | $104M | $20M | $55.9M | $72.7M | $97.9M | $105M | |
| Other non-current assets | $48M | $65.5M | $82.2M | $111M | $121M | $91.7M | $127M | $256M | $103M | $574M | |
| Non-current assets | $599M | $1.04B | $1.18B | $2.8B | $3.58B | $1.56B | $1.98B | $2.14B | $2.62B | $2.96B | |
| Total assets | $2.92B | $3.98B | $4.65B | $6.56B | $10.2B | $6.03B | $6.39B | $7.53B | $7.81B | $8.79B | |
| Liabilities | |||||||||||
| Accounts payable | $24.3M | $39.9M | $34.1M | $33.1M | $38.4M | $22.3M | $69.8M | $106M | $80.5M | $127M | |
| Accrued expenses | $184M | $239M | $319M | $370M | $516M | $260M | $310M | $413M | $448M | $0 | |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $285M | |
| Taxes payable | $51M | $67.2M | $94.1M | $101M | $110M | $75.7M | $118M | $140M | $190M | $0 | |
| Deferred revenue | $875M | $1.28B | $1.32B | $1.34B | $1.94B | $956M | $1.36B | $1.79B | $1.96B | $2.24B | |
| Other current liabilities | $17.9M | $25.6M | $115M | $141M | $229M | $133M | $163M | $193M | $216M | $938M | |
| Current liabilities | $1.2B | $1.75B | $2.01B | $2.48B | $3.47B | $1.71B | $2.25B | $3B | $3.29B | $3.89B | |
| Long-term debt | $0 | $0 | $96.5M | $118M | $298M | $65.4M | $14.7M | $14.4M | $14.4M | $0 | |
| Lease obligations (non-current) | $0 | $0 | $0 | $1.08B | $1.35B | $446M | $288M | $448M | $533M | $564M | |
| Deferred revenue (non-current) | $0 | $0 | -$18.8M | $0 | -$13.2M | $0 | $0 | $0 | $0 | $0 | |
| Deferred tax liabilities | $2.22M | $12.1M | $18.8M | $11.9M | $13.2M | $19.2M | $23.8M | $19.4M | $14.2M | $14.1M | |
| Other non-current liabilities | $0 | $0 | $18.8M | $0 | $13.2M | $0 | $0 | $0 | $0 | $0 | |
| Non-current liabilities | $2.22M | $12.1M | $115M | $1.21B | $1.66B | $531M | $327M | $482M | $562M | $578M | |
| Total liabilities | $1.2B | $1.76B | $2.12B | $3.69B | $5.13B | $2.24B | $2.58B | $3.48B | $3.85B | $4.47B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $1.58M | $1.58M | $1.59M | $1.59M | $1.69M | $1.7M | $1.7M | $1.7M | $1.7M | $0 | |
| Retained earnings | $1.17B | $1.35B | $1.65B | $1.99B | $2.25B | $1.07B | $1.23B | $1.51B | $1.77B | $0 | |
| Accumulated other comprehensive income | $259M | $508M | $283M | $289M | $709M | $577M | $437M | $390M | $422M | $0 | |
| Shareholders' equity | $1.68B | $1.98B | $2.36B | $2.74B | $4.91B | $3.71B | $3.6B | $3.78B | $3.66B | $3.99B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $0 | $0 | $96.5M | $1.58B | $2.16B | $680M | $459M | $662M | $804M | $849M | |
| Net debt (debt - cash) | -$641M | -$983M | -$1.06B | $665M | $550M | -$468M | -$1.2B | -$727M | -$809M | -$1.15B | |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
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Statements, segment revenue, metrics and estimates are standardised from the company's filings.
Data as of 2026-11-14