New Oriental Education & Technology Group Inc. balance sheet

At the end of fiscal 2026, New Oriental Education & Technology Group Inc. had total assets of $8.79bn, total liabilities of $4.47bn and shareholders' equity of $3.99bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

New Oriental Education & Technology Group Inc.: balance sheet, annual
Fiscal year	2010May 2010	2011May 2011	2012May 2012	2013May 2013	2014May 2014	2015May 2015	2016May 2016	2017May 2017	2018May 2018	2019May 2019	2020May 2020	2021May 2021	2022May 2022	2023May 2023	2024May 2024	2025May 2025	2026May 2026
Cash and equivalents	0.3	0.3	0.4	0.4	0.4	0.5	0.7	0.6	1.0	1.4	0.9	1.6	1.1	1.7	1.4	1.6	1.8
Receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.1
Total current assets	0.5	0.7	0.9	1.1	1.2	1.3	1.9	2.3	2.9	3.5	3.8	6.6	4.5	4.4	5.4	5.2	5.8
Goodwill	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0
Total assets	0.6	0.9	1.1	1.4	1.6	2.0	2.4	2.9	4.0	4.6	6.6	10.2	6.0	6.4	7.5	7.8	8.8
Accounts payable	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.1
Deferred revenue (current)	0.1	0.2	0.3	0.3	0.4	0.5	0.6	0.9	1.3	1.3	1.3	1.9	0.9	1.3	1.8	2.0	2.2
Total current liabilities	0.2	0.3	0.4	0.5	0.6	0.7	0.9	1.2	1.8	2.0	2.5	3.5	1.7	2.3	3.0	3.3	3.9
Long-term debt	—	—	—	—	—	—	—	—	—	0.1	0.1	0.0	—	—	—	—	—
Total debt	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.3	0.1	0.0	0.0	0.0	—
Total liabilities	0.2	0.3	0.4	0.5	0.6	0.7	0.9	1.2	1.8	2.1	3.7	5.1	2.2	2.6	3.5	3.9	4.5
Shareholders' equity	0.4	0.6	0.7	0.9	1.0	1.2	1.4	1.7	2.0	2.4	2.7	4.9	3.7	3.6	3.8	3.7	4.0
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	—	0.2	0.2	0.1	—	—	0.2	0.3	0.3	0.3
Net debt (negative = net cash)	−0.3	−0.3	−0.4	−0.4	−0.4	−0.5	−0.7	−0.6	−1.0	−1.3	−0.8	−1.3	−1.1	−1.6	−1.4	−1.6	−1.8
Shares outstanding	155m	158m	158m	157m	158m	156m	157m	158m	158m	158m	159m	169m	170m	164m	165m	158m	155m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from New Oriental Education & Technology Group Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to New Oriental Education & Technology Group Inc.