New Oriental Education & Technology Group (New Oriental Education & Technology Group) Equity-to-Asset

: 0.54 (As of Nov. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. New Oriental Education & Technology Group's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $3,830 Mil. New Oriental Education & Technology Group's Total Assets for the quarter that ended in Nov. 2023 was $7,131 Mil. Therefore, New Oriental Education & Technology Group's Equity to Asset Ratio for the quarter that ended in Nov. 2023 was 0.54.

The historical rank and industry rank for New Oriental Education & Technology Group's Equity-to-Asset or its related term are showing as below:

EDU' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4 Med: 0.57 Max: 0.66
Current: 0.54

During the past 13 years, the highest Equity to Asset Ratio of New Oriental Education & Technology Group was 0.66. The lowest was 0.40. And the median was 0.57.

EDU's Equity-to-Asset is ranked better than
52.26% of 266 companies
in the Education industry
Industry Median: 0.52 vs EDU: 0.54

New Oriental Education & Technology Group Equity-to-Asset Historical Data

The historical data trend for New Oriental Education & Technology Group's Equity-to-Asset 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

Equity-to-Asset

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0.51

0.42

0.48

0.61

0.56

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
Equity-to-Asset	Get a 7-Day Free Trial															0.60	0.60	0.56	0.56	0.54

Competitive Comparison

For the Education & Training Services subindustry, New Oriental Education & Technology Group's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

New Oriental Education & Technology Group Equity-to-Asset Distribution

For the Education industry and Consumer Defensive sector, New Oriental Education & Technology Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where New Oriental Education & Technology Group's Equity-to-Asset falls into.

New Oriental Education & Technology Group Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

New Oriental Education & Technology Group's Equity to Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

Equity to Asset (A: May. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3604.348	/	6392.458
	=	0.56

New Oriental Education & Technology Group's Equity to Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

Equity to Asset (Q: Nov. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3829.619	/	7131.494
	=	0.54

New Oriental Education & Technology Group (NYSE:EDU) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

New Oriental Education & Technology Group Equity-to-Asset 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 » Equity-to-Asset

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.