New Oriental Education & Technology Group (HKSE:09901) Effective Interest Rate on Debt % : 0.00% (As of Aug. 2024)

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What is New Oriental Education & Technology Group Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. New Oriental Education & Technology Group's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was HK$0 Mil. New Oriental Education & Technology Group's average total debt for the quarter that ended in Aug. 2024 was HK$5,357 Mil. Therefore, New Oriental Education & Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was 0.00%.

New Oriental Education & Technology Group Effective Interest Rate on Debt % Historical Data

The historical data trend for New Oriental Education & Technology Group's Effective Interest Rate on 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.

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New Oriental Education & Technology Group Effective Interest Rate on Debt % Chart

New Oriental Education & Technology Group Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Effective Interest Rate on Debt %

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0.55

0.36

0.29

0.12

0.05

New Oriental Education & Technology Group Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of New Oriental Education & Technology Group's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, New Oriental Education & Technology Group's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, New Oriental Education & Technology Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where New Oriental Education & Technology Group's Effective Interest Rate on Debt % falls into.

New Oriental Education & Technology Group Effective Interest Rate on Debt % Calculation

New Oriental Education & Technology Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2023 )	+	Total Debt (A: May. 2024 ))	/ count )
=	-1 * -2.328	/	( (3594.146	+	5174.056)	/ 2 )
=	-1 * -2.328	/	4384.101
=	0.05 %

where

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2373.471	+	1220.675
=	3594.146

	Total Debt (A: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3612.199	+	1561.857
=	5174.056

New Oriental Education & Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2024 )	+	Total Debt (Q: Aug. 2024 ))	/ count )
=	-1 * 0	/	( (5174.056	+	5538.974)	/ 2 )
=	-1 * 0	/	5356.515
=	0.00 %

where

	Total Debt (Q: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3612.199	+	1561.857
=	5174.056

	Total Debt (Q: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3804.779	+	1734.195
=	5538.974

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Aug. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

New Oriental Education & Technology Group (HKSE:09901) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

New Oriental Education & Technology Group Effective Interest Rate on Debt % Related Terms

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New Oriental Education & Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » New Oriental Education & Technology Group Inc (HKSE:09901) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

EDU:USA EDUN:Mexico 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. The company also owns 55% of East Buy, a market leader in livestreaming e-commerce.

Executives

Norges Bank	2101 Beneficial owner
Fmr Llc	2201 Interest of corporation controlled by you

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