New Oriental Education & Technology Group Balance Sheet Health
Financial Health criteria checks 6/6
New Oriental Education & Technology Group has a total shareholder equity of $4.2B and total debt of $14.4M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are $7.2B and $3.0B respectively. New Oriental Education & Technology Group's EBIT is $388.0M making its interest coverage ratio -3.4. It has cash and short-term investments of $4.6B.
Key information
0.3%
Debt to equity ratio
US$14.40m
Debt
Interest coverage ratio | -3.4x |
Cash | US$4.57b |
Equity | US$4.15b |
Total liabilities | US$3.04b |
Total assets | US$7.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NWOE.F's short term assets ($5.1B) exceed its short term liabilities ($2.6B).
Long Term Liabilities: NWOE.F's short term assets ($5.1B) exceed its long term liabilities ($411.6M).
Debt to Equity History and Analysis
Debt Level: NWOE.F has more cash than its total debt.
Reducing Debt: NWOE.F's debt to equity ratio has reduced from 2.2% to 0.3% over the past 5 years.
Debt Coverage: NWOE.F's debt is well covered by operating cash flow (8105.4%).
Interest Coverage: NWOE.F earns more interest than it pays, so coverage of interest payments is not a concern.