New Oriental Education & Technology Group (New Oriental Education & Technology Group) Short-Term Capital Lease Obligation : $178 Mil (As of Feb. 2024)

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What is New Oriental Education & Technology Group Short-Term Capital Lease Obligation?

New Oriental Education & Technology Group's Short-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $178 Mil.

New Oriental Education & Technology Group's quarterly Short-Term Capital Lease Obligation increased from Aug. 2023 ($164 Mil) to Nov. 2023 ($166 Mil) and increased from Nov. 2023 ($166 Mil) to Feb. 2024 ($178 Mil).

New Oriental Education & Technology Group's annual Short-Term Capital Lease Obligation declined from May. 2021 ($514 Mil) to May. 2022 ($169 Mil) and declined from May. 2022 ($169 Mil) to May. 2023 ($156 Mil).

New Oriental Education & Technology Group Short-Term Capital Lease Obligation Historical Data

The historical data trend for New Oriental Education & Technology Group's Short-Term Capital Lease Obligation 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.

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New Oriental Education & Technology Group Short-Term Capital Lease Obligation Chart

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Short-Term Capital Lease Obligation

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384.24

514.03

168.62

155.75

New Oriental Education & Technology Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Short-Term Capital Lease Obligation	Get a 7-Day Free Trial															152.56	155.75	163.86	166.25	178.26

New Oriental Education & Technology Group Short-Term Capital Lease Obligation Explanation

Short-Term Capital Lease Obligation represents the total amount of Long-Term Capital Lease Obligation that must be paid within the next accounting period. Capital lease obligations are contractual obligations that arise from obtaining the use of property or equipment via a capital lease contract.

New Oriental Education & Technology Group Short-Term Capital Lease Obligation Related Terms

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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 » Short-Term Capital Lease Obligation

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.