New Oriental Education & Technology Group (New Oriental Education & Technology Group) Total Liabilities : $3,039 Mil (As of Feb. 2024)

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What is New Oriental Education & Technology Group Total Liabilities?

New Oriental Education & Technology Group's Total Liabilities for the quarter that ended in Feb. 2024 was $3,039 Mil.

New Oriental Education & Technology Group's quarterly Total Liabilities increased from Aug. 2023 ($2,695.19 Mil) to Nov. 2023 ($3,035.69 Mil) and increased from Nov. 2023 ($3,035.69 Mil) to Feb. 2024 ($3,039.46 Mil).

New Oriental Education & Technology Group's annual Total Liabilities declined from May. 2021 ($5,132.88 Mil) to May. 2022 ($2,241.14 Mil) but then increased from May. 2022 ($2,241.14 Mil) to May. 2023 ($2,577.67 Mil).

New Oriental Education & Technology Group Total Liabilities Historical Data

The historical data trend for New Oriental Education & Technology Group's Total Liabilities 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 Total Liabilities Chart

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Liabilities

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2,121.46

3,687.07

5,132.88

2,241.14

2,577.67

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
Total Liabilities	Get a 7-Day Free Trial															2,287.72	2,577.67	2,695.19	3,035.69	3,039.46

New Oriental Education & Technology Group Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

New Oriental Education & Technology Group's Total Liabilities for the fiscal year that ended in May. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	2250.978	+	(302.843	+	-1.0658141036402E-14
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	23.849	+	0)
	=	2,578

Total Liabilities	=	Total Assets (A: May. 2023 )	-	Total Equity (A: May. 2023 )
	=	6392.458	-	3814.788
	=	2,578

New Oriental Education & Technology Group's Total Liabilities for the quarter that ended in Feb. 2024 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	2627.888	+	(385.744	+	8.8817841970013E-14
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	25.828	+	0)
	=	3,039

Total Liabilities	=	Total Assets (Q: Feb. 2024 )	-	Total Equity (Q: Feb. 2024 )
	=	7189.543	-	4150.083
	=	3,039

New Oriental Education & Technology Group Total Liabilities 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 » Total Liabilities

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.