New Oriental Education & Technology Group (New Oriental Education & Technology Group) Cash-to-Debt

: 8.71 (As of Nov. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. New Oriental Education & Technology Group's cash to debt ratio for the quarter that ended in Nov. 2023 was 8.71.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, New Oriental Education & Technology Group could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

EDU' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.23 Med: No Debt Max: No Debt
Current: 8.71

During the past 13 years, New Oriental Education & Technology Group's highest Cash to Debt Ratio was No Debt. The lowest was 2.23. And the median was No Debt.

EDU's Cash-to-Debt is ranked better than
74.43% of 262 companies
in the Education industry
Industry Median: 1.15 vs EDU: 8.71

New Oriental Education & Technology Group Cash-to-Debt Historical Data

The historical data trend for New Oriental Education & Technology Group's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

33.09

2.23

2.90

6.16

8.72

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-to-Debt																8.64	9.23	8.72	8.77	8.71

Competitive Comparison

For the Education & Training Services subindustry, New Oriental Education & Technology Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt Distribution

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

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

New Oriental Education & Technology Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

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

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3996.609	/	(155.752	+	302.843)
	=	8.71

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

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4446.482	/	(166.252	+	344.421)
	=	8.71

New Oriental Education & Technology Group (NYSE:EDU) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

New Oriental Education & Technology Group Cash-to-Debt 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 » Cash-to-Debt

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.