New Oriental Education & Technology Group (New Oriental Education & Technology Group) Cash And Cash Equivalents

: $1,943 Mil (As of Nov. 2023)

View and export this data going back to 2006. Start your Free Trial

New Oriental Education & Technology Group's quarterly cash and cash equivalents increased from May. 2023 ($1,662.98 Mil) to Aug. 2023 ($1,748.91 Mil) and increased from Aug. 2023 ($1,748.91 Mil) to Nov. 2023 ($1,942.56 Mil).

New Oriental Education & Technology Group's annual cash and cash equivalents declined from May. 2021 ($1,612.21 Mil) to May. 2022 ($1,148.64 Mil) but then increased from May. 2022 ($1,148.64 Mil) to May. 2023 ($1,662.98 Mil).

New Oriental Education & Technology Group Cash And Cash Equivalents Historical Data

The historical data trend for New Oriental Education & Technology Group's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash And Cash Equivalents

1,414.17

915.06

1,612.21

1,148.64

1,662.98

New Oriental Education & Technology Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash And Cash Equivalents																1,029.87	1,329.45	1,662.98	1,748.91	1,942.56

New Oriental Education & Technology Group Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

New Oriental Education & Technology Group (NYSE:EDU) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

New Oriental Education & Technology Group Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of New Oriental Education & Technology Group's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

New Oriental Education & Technology Group (New Oriental Education & Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » New Oriental Education & Technology Group Inc (NYSE:EDU) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

EDUN:Mexico 09901:Hong Kong 0K75:UK N1U0:Germany E1DU34:Brazil

Address

No. 6 Hai Dian Zhong Street, Haidian District, Beijing, CHN, 100080

Website

https://www.neworiental.org

New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. It also owns 55.7% of East Buy (HKG: 01797), a market leader in livestreaming e-commerce.