TAL Education Group (TAL Education Group) Quick Ratio

: 3.17 (As of Nov. 2023)

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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. TAL Education Group's quick ratio for the quarter that ended in Nov. 2023 was 3.17.

TAL Education Group has a quick ratio of 3.17. It generally indicates good short-term financial strength.

The historical rank and industry rank for TAL Education Group's Quick Ratio or its related term are showing as below:

TAL' s Quick Ratio Range Over the Past 10 Years
Min: 0.91 Med: 1.47 Max: 4.55
Current: 3.17

During the past 13 years, TAL Education Group's highest Quick Ratio was 4.55. The lowest was 0.91. And the median was 1.47.

TAL's Quick Ratio is ranked better than
83.9% of 267 companies
in the Education industry
Industry Median: 1.25 vs TAL: 3.17

TAL Education Group Quick Ratio Historical Data

The historical data trend for TAL Education Group's Quick Ratio 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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TAL Education Group Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Quick Ratio

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1.47

1.37

2.41

4.00

4.37

TAL Education Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Quick Ratio	Get a 7-Day Free Trial															4.06	4.37	3.53	3.84	3.17

Competitive Comparison

For the Education & Training Services subindustry, TAL Education Group's Quick Ratio, along with its competitors' market caps and Quick Ratio 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.

TAL Education Group Quick Ratio Distribution

For the Education industry and Consumer Defensive sector, TAL Education Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where TAL Education Group's Quick Ratio falls into.

TAL Education Group Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

TAL Education Group's Quick Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Quick Ratio (A: Feb. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(3468.407	-	39.002)	/	783.865
	=	4.37

TAL Education Group's Quick Ratio for the quarter that ended in Nov. 2023 is calculated as

Quick Ratio (Q: Nov. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(3643.839	-	59.013)	/	1131.218
	=	3.17

TAL Education Group (NYSE:TAL) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.

TAL Education Group Quick Ratio Related Terms

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TAL Education Group (TAL Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » TAL Education Group (NYSE:TAL) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

TAL:Mexico 0A2X:UK IZZ:Germany IZZ:Germany T1AL34:Brazil

Address

Xiaoying West Street, 5th Floor, Tower B, Heying Center, Haidian District, Beijing, CHN, 100085

Website

http://www.100tal.com

TAL Education Group is a smart learning solutions provider in China. K-9 academic afterschool tutoring used to account for the majority of TAL's revenue before the regulatory changes in 2021 that imposed a nonprofit requirement on the business. After spinning off its K-9 academic afterschool tutoring business, TAL realigned its focus toward enrichment learning, content solutions, and learning technology solutions.