TAL Education Group balance sheet

At the end of fiscal 2026, TAL Education Group had total assets of $5.94bn, total liabilities of $2.16bn and shareholders' equity of $3.77bn. It held $1.52bn in cash against $0 of debt: net cash of $1.52bn.

Balance sheet

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

TAL Education Group: balance sheet, annual
Fiscal year	2010Feb 2010	2011Feb 2011	2012Feb 2012	2013Feb 2013	2014Feb 2014	2015Feb 2015	2016Feb 2016	2017Feb 2017	2018Feb 2018	2019Feb 2019	2020Feb 2020	2021Feb 2021	2022Feb 2022	2023Feb 2023	2024Feb 2024	2025Feb 2025	2026Feb 2026
Cash and equivalents	0.1	0.2	0.2	0.2	0.3	0.5	0.4	0.5	0.7	1.2	1.9	3.2	1.6	2.0	2.2	1.8	1.5
Receivables	—	—	—	—	—	—	—	—	0.0	0.1	0.0	0.0	0.0	0.0	0.1	0.1	0.1
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
Total current assets	—	0.2	0.2	0.2	0.3	0.5	0.5	0.9	1.7	1.7	2.5	8.2	3.6	3.5	3.7	4.1	3.8
Goodwill	—	0.0	0.0	0.0	0.0	0.0	0.1	0.3	0.3	0.4	0.4	0.5	—	—	0.0	0.0	0.0
Total assets	—	0.2	0.3	0.3	0.4	0.8	1.1	1.8	3.1	3.7	5.6	12.1	5.1	4.7	4.9	5.5	5.9
Accounts payable	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.4	0.1	0.1	0.1	0.1	0.2
Deferred revenue (current)	—	—	—	—	—	0.2	0.3	0.5	0.8	0.4	0.8	1.4	0.2	0.2	0.4	0.6	0.8
Total current liabilities	—	0.1	0.1	0.1	0.2	0.2	0.4	0.7	1.1	1.2	1.8	3.4	0.9	0.8	1.1	1.4	1.8
Short-term debt	—	—	—	—	—	—	—	—	0.0	0.2	—	0.3	—	—	—	—	—
Long-term debt	—	—	—	—	0.0	0.2	0.0	0.2	0.2	0.0	0.3	—	—	—	—	—	—
Total debt	0.0	0.0	0.0	0.0	0.0	0.2	0.2	0.2	0.2	0.2	0.3	0.3	0.0	0.0	0.0	0.0	0.0
Total liabilities	—	0.1	0.1	0.1	0.2	0.5	0.6	1.1	1.4	1.2	3.0	6.9	1.1	0.9	1.3	1.7	2.2
Shareholders' equity	0.0	0.2	0.2	0.2	0.3	0.3	0.4	0.6	1.6	2.5	2.5	5.2	4.0	3.8	3.7	3.8	3.8
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	0.0	—	—	—	—	—	—	—	—	—
Net debt (negative = net cash)	−0.1	−0.2	−0.2	−0.2	−0.3	−0.2	−0.2	−0.2	−0.5	−1.0	−1.6	−3.0	−1.6	−2.0	−2.2	−1.8	−1.5

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 TAL Education Group's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to TAL Education Group.