New Oriental Education & Technology Group (New Oriental Education & Technology Group) Debt-to-Equity : 0.13 (As of Nov. 2023)

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What is New Oriental Education & Technology Group Debt-to-Equity?

New Oriental Education & Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $166 Mil. New Oriental Education & Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $344 Mil. 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 debt to equity for the quarter that ended in Nov. 2023 was 0.13.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

EDU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.22 Max: 0.6
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of New Oriental Education & Technology Group was 0.60. The lowest was 0.03. And the median was 0.22.

EDU's Debt-to-Equity is ranked better than
71.11% of 225 companies
in the Education industry
Industry Median: 0.34 vs EDU: 0.13

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

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

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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0.04

0.58

0.44

0.18

0.13

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
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.13	0.13	0.13	0.13

Competitive Comparison of New Oriental Education & Technology Group's Debt-to-Equity

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

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

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

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

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(155.752	+	302.843)	/	3604.348
	=	0.13

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(166.252	+	344.421)	/	3829.619
	=	0.13

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

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

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.