New Historical Balance Sheet

EDU Stock

USD 77.03 2.40 3.02%

Trend analysis of New Oriental Education balance sheet accounts such as Other Current Liabilities of 830.6 M or Total Current Liabilities of 2.7 B provides information on New Oriental's total assets, liabilities, and equity, which is the actual value of New Oriental Education to its prevalent stockholders. By breaking down trends over time using New Oriental balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining New Oriental Education latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether New Oriental Education is a good buy for the upcoming year.

New Oriental Inventory

63.62 Million

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in New Oriental Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

About New Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of New Oriental Education at a specified time, usually calculated after every quarter, six months, or one year. New Oriental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of New Oriental and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which New currently owns. An asset can also be divided into two categories, current and non-current.

New Oriental Balance Sheet Chart

At this time, New Oriental's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 2.3 B in 2024, whereas Non Current Liabilities Total is likely to drop slightly above 250.9 M in 2024.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Accounts Payable Non Currrent Assets Other

Add Fundamental

Total Assets

Total assets refers to the total amount of New Oriental assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in New Oriental Education books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on New Oriental balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of New Oriental Education are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Accounts Payable

An accounting item on the balance sheet that represents New Oriental obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of New Oriental Education are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Most accounts from New Oriental's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into New Oriental Education current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in New Oriental Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	680.4M	458.6M	527.4M	786.5M
Total Assets	6.0B	6.4B	7.4B	7.7B

Short Long Term Debt Total Total Assets

New Oriental balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Retained Earnings	Accounts Payable	Long Term Debt	Short Term Investments	Inventory	Other Current Assets	Preferred Stock Total Equity	Intangible Assets	Common Stock	Property Plant Equipment	Property Plant And Equipment Net	Current Deferred Revenue
Total Assets		0.82	0.95	0.98	0.98	0.07	0.91	0.67	0.99	0.6	0.79	0.84	0.97	0.99	0.8	0.76	0.28	0.98	0.7	0.31	0.49	0.77	0.64	0.81	0.81	0.95
Short Long Term Debt Total	0.82		0.75	0.78	0.72	0.62	0.53	0.29	0.76	0.28	0.98	0.55	0.89	0.75	0.73	0.33	0.6	0.83	0.26	-0.13	0.14	0.39	0.32	0.97	0.97	0.69
Other Current Liab	0.95	0.75		0.95	0.93	0.03	0.89	0.7	0.94	0.49	0.73	0.8	0.93	0.94	0.75	0.76	0.15	0.91	0.66	0.25	0.47	0.82	0.52	0.75	0.76	0.92
Total Current Liabilities	0.98	0.78	0.95		0.95	0.03	0.9	0.67	0.97	0.59	0.76	0.76	0.98	0.97	0.85	0.78	0.29	0.95	0.72	0.34	0.49	0.8	0.63	0.79	0.79	0.99
Total Stockholder Equity	0.98	0.72	0.93	0.95		-0.07	0.95	0.73	0.99	0.65	0.68	0.91	0.91	0.99	0.71	0.8	0.17	0.95	0.76	0.4	0.56	0.79	0.7	0.7	0.7	0.92
Net Debt	0.07	0.62	0.03	0.03	-0.07		-0.33	-0.43	-0.01	-0.33	0.64	-0.19	0.23	-0.04	0.22	-0.47	0.64	0.15	-0.53	-0.69	-0.42	-0.38	-0.34	0.6	0.6	-0.08
Cash	0.91	0.53	0.89	0.9	0.95	-0.33		0.87	0.92	0.68	0.47	0.89	0.81	0.93	0.61	0.94	-0.04	0.83	0.9	0.61	0.69	0.92	0.73	0.5	0.51	0.91
Other Assets	0.67	0.29	0.7	0.67	0.73	-0.43	0.87		0.66	0.48	0.2	0.82	0.55	0.69	0.25	0.96	-0.41	0.53	0.89	0.76	0.75	0.94	0.53	0.23	0.24	0.66
Cash And Short Term Investments	0.99	0.76	0.94	0.97	0.99	-0.01	0.92	0.66		0.62	0.74	0.85	0.95	1.0	0.79	0.76	0.27	0.98	0.71	0.32	0.5	0.76	0.66	0.76	0.76	0.95
Common Stock Shares Outstanding	0.6	0.28	0.49	0.59	0.65	-0.33	0.68	0.48	0.62		0.26	0.56	0.51	0.63	0.54	0.59	0.08	0.56	0.72	0.46	0.72	0.54	1.0	0.33	0.32	0.6
Non Current Liabilities Total	0.79	0.98	0.73	0.76	0.68	0.64	0.47	0.2	0.74	0.26		0.47	0.88	0.72	0.79	0.26	0.65	0.82	0.18	-0.21	0.07	0.32	0.28	0.99	0.99	0.68
Other Stockholder Equity	0.84	0.55	0.8	0.76	0.91	-0.19	0.89	0.82	0.85	0.56	0.47		0.71	0.86	0.38	0.78	-0.09	0.79	0.73	0.45	0.61	0.76	0.61	0.48	0.49	0.71
Total Liab	0.97	0.89	0.93	0.98	0.91	0.23	0.81	0.55	0.95	0.51	0.88	0.71		0.94	0.87	0.66	0.42	0.96	0.59	0.18	0.38	0.69	0.55	0.9	0.9	0.94
Total Current Assets	0.99	0.75	0.94	0.97	0.99	-0.04	0.93	0.69	1.0	0.63	0.72	0.86	0.94		0.78	0.78	0.24	0.97	0.73	0.35	0.52	0.78	0.68	0.74	0.74	0.95
Retained Earnings	0.8	0.73	0.75	0.85	0.71	0.22	0.61	0.25	0.79	0.54	0.79	0.38	0.87	0.78		0.44	0.55	0.83	0.42	0.03	0.23	0.49	0.55	0.83	0.83	0.85
Accounts Payable	0.76	0.33	0.76	0.78	0.8	-0.47	0.94	0.96	0.76	0.59	0.26	0.78	0.66	0.78	0.44		-0.29	0.63	0.96	0.8	0.75	0.97	0.63	0.3	0.31	0.8
Long Term Debt	0.28	0.6	0.15	0.29	0.17	0.64	-0.04	-0.41	0.27	0.08	0.65	-0.09	0.42	0.24	0.55	-0.29		0.4	-0.28	-0.5	-0.29	-0.22	0.09	0.64	0.64	0.26
Short Term Investments	0.98	0.83	0.91	0.95	0.95	0.15	0.83	0.53	0.98	0.56	0.82	0.79	0.96	0.97	0.83	0.63	0.4		0.58	0.17	0.38	0.64	0.6	0.84	0.84	0.92
Inventory	0.7	0.26	0.66	0.72	0.76	-0.53	0.9	0.89	0.71	0.72	0.18	0.73	0.59	0.73	0.42	0.96	-0.28	0.58		0.86	0.79	0.9	0.76	0.22	0.23	0.76
Other Current Assets	0.31	-0.13	0.25	0.34	0.4	-0.69	0.61	0.76	0.32	0.46	-0.21	0.45	0.18	0.35	0.03	0.8	-0.5	0.17	0.86		0.68	0.68	0.5	-0.18	-0.18	0.41
Preferred Stock Total Equity	0.49	0.14	0.47	0.49	0.56	-0.42	0.69	0.75	0.5	0.72	0.07	0.61	0.38	0.52	0.23	0.75	-0.29	0.38	0.79	0.68		0.72	0.74	0.11	0.12	0.51
Intangible Assets	0.77	0.39	0.82	0.8	0.79	-0.38	0.92	0.94	0.76	0.54	0.32	0.76	0.69	0.78	0.49	0.97	-0.22	0.64	0.9	0.68	0.72		0.59	0.37	0.37	0.82
Common Stock	0.64	0.32	0.52	0.63	0.7	-0.34	0.73	0.53	0.66	1.0	0.28	0.61	0.55	0.68	0.55	0.63	0.09	0.6	0.76	0.5	0.74	0.59		0.35	0.34	0.64
Property Plant Equipment	0.81	0.97	0.75	0.79	0.7	0.6	0.5	0.23	0.76	0.33	0.99	0.48	0.9	0.74	0.83	0.3	0.64	0.84	0.22	-0.18	0.11	0.37	0.35		1.0	0.71
Property Plant And Equipment Net	0.81	0.97	0.76	0.79	0.7	0.6	0.51	0.24	0.76	0.32	0.99	0.49	0.9	0.74	0.83	0.31	0.64	0.84	0.23	-0.18	0.12	0.37	0.34	1.0		0.71
Current Deferred Revenue	0.95	0.69	0.92	0.99	0.92	-0.08	0.91	0.66	0.95	0.6	0.68	0.71	0.94	0.95	0.85	0.8	0.26	0.92	0.76	0.41	0.51	0.82	0.64	0.71	0.71

Click cells to compare fundamentals

New Oriental Account Relationship Matchups

New Oriental balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.6B	10.2B	6.0B	6.4B	7.4B	7.7B
Short Long Term Debt Total	1.6B	2.2B	680.4M	458.6M	527.4M	786.5M
Other Current Liab	737.6M	979.6M	586.1M	687.8M	791.0M	830.6M
Total Current Liabilities	2.5B	3.5B	1.7B	2.3B	2.6B	2.7B
Total Stockholder Equity	2.7B	4.9B	3.7B	3.6B	4.1B	4.4B
Net Debt	665.0M	550.1M	(468.2M)	(1.2B)	(1.1B)	(1.0B)
Cash	915.1M	1.6B	1.1B	1.7B	1.9B	2.0B
Other Assets	174.8M	224.5M	111.8M	647.3M	744.4M	781.6M
Cash And Short Term Investments	3.5B	6.3B	4.2B	4.0B	4.6B	4.8B
Common Stock Shares Outstanding	159.5M	165.2M	169.6M	168.6M	193.8M	162.7M
Liabilities And Stockholders Equity	6.6B	10.2B	6.0B	6.4B	7.4B	7.7B
Non Current Liabilities Total	1.2B	1.7B	531.0M	326.7M	375.7M	250.9M
Other Stockholder Equity	459.7M	1.9B	2.1B	1.9B	2.2B	2.3B
Total Liab	3.7B	5.1B	2.2B	2.6B	3.0B	3.1B
Total Current Assets	3.8B	6.6B	4.5B	4.4B	5.1B	5.3B
Retained Earnings	2.0B	2.3B	1.1B	1.2B	1.4B	861.6M
Accounts Payable	33.1M	38.4M	22.3M	69.8M	80.2M	84.2M
Long Term Debt	117.9M	297.6M	65.4M	14.7M	16.9M	16.0M
Short Term Investments	2.6B	4.6B	3.0B	2.3B	2.7B	2.8B
Inventory	31.3M	31.2M	27.9M	52.7M	60.6M	63.6M
Other Current Assets	14.6M	15.4M	12.4M	211.2M	242.9M	255.1M
Intangible Assets	16.3M	18.8M	6.4M	28.5M	32.8M	34.4M
Property Plant Equipment	2.1B	2.7B	933.8M	799.3M	919.2M	562.5M
Property Plant And Equipment Net	2.1B	2.7B	933.8M	799.3M	919.2M	588.9M
Current Deferred Revenue	1.3B	1.9B	933.1M	1.3B	1.5B	1.6B
Non Current Assets Total	2.8B	3.6B	1.6B	2.0B	2.3B	2.4B
Non Currrent Assets Other	111.5M	120.9M	91.7M	127.0M	146.1M	153.4M
Net Receivables	7.6M	118.5M	39.7M	42.5M	48.8M	51.3M
Good Will	80.4M	73.3M	70.8M	105.5M	121.3M	127.4M
Property Plant And Equipment Gross	2.1B	2.7B	933.8M	799.3M	919.2M	588.9M
Accumulated Other Comprehensive Income	289.2M	709.3M	576.8M	437.3M	502.8M	252.5M
Short Term Debt	384.2M	514.0M	168.6M	155.8M	179.1M	160.1M
Other Liab	18.8M	11.9M	13.2M	19.2M	22.1M	23.2M
Long Term Investments	431.1M	537.7M	437.9M	862.3M	991.7M	1.0B
Net Tangible Assets	2.3B	2.6B	4.8B	3.6B	4.2B	2.5B

Pair Trading with New Oriental

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Oriental position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Oriental will appreciate offsetting losses from the drop in the long position's value.

Moving against New Stock

0.53	LRN	Stride Inc Financial Report 20th of August 2024	Pair Corr
0.45	JZ	Jianzhi Education Report 4th of October 2024	Pair Corr

The ability to find closely correlated positions to New Oriental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Oriental when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Oriental - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Oriental Education to buy it.

The correlation of New Oriental is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Oriental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Oriental Education moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for New Oriental can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for New Stock Analysis

When running New Oriental's price analysis, check to measure New Oriental's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Oriental is operating at the current time. Most of New Oriental's value examination focuses on studying past and present price action to predict the probability of New Oriental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Oriental's price. Additionally, you may evaluate how the addition of New Oriental to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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New Historical Balance Sheet

New Oriental Inventory

63.62 Million

About New Balance Sheet Analysis

New Oriental Balance Sheet Chart

Total Assets

Total Current Liabilities

Accounts Payable

Non Currrent Assets Other

New Oriental balance sheet Correlations

New Oriental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

New Oriental balance sheet Accounts

Pair Trading with New Oriental

Moving against New Stock

Additional Tools for New Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Common Stock	+ 1.0	Common Stock Shares Outstanding
Property Plant And Equipment Net	+ 1.0	Property Plant Equipment
Cash And Short Term Investments	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Current Deferred Revenue	+ 0.99	Total Current Liabilities

Other Current Assets	- 0.69	Net Debt
Inventory	- 0.53	Net Debt
Other Current Assets	- 0.5	Long Term Debt
Accounts Payable	- 0.47	Net Debt
Other Assets	- 0.43	Net Debt
Preferred Stock Total Equity	- 0.42	Net Debt