New Oriental Education & Technology (EDU) — Tangible Net Worth Ratio
New Oriental Education & Technology (EDU) has a Tangible Net Worth Ratio of 99.8% as of February 2026. This metric is calculated by deducting intangible assets ($9.17 Million) from net assets ($4.42 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See working capital position of New Oriental Education & Technology to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
New Oriental Education & Technology Tangible Net Worth Ratio (2003–2025)
This chart shows how New Oriental Education & Technology's Tangible Net Worth Ratio has changed across 23 annual periods from 2003 to 2025. As of February 2026, the ratio stands at 99.8%, reflecting net assets of $4.42 Billion with intangible assets of $9.17 Million USD. See EDU days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for New Oriental Education & Technology (2003–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for New Oriental Education & Technology from 2003 to 2025, covering 23 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see EDU market cap overview.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 98.3% | $3.95 Billion | $67.92 Million | $7.81 Billion | ▼ -1.1 pp |
| 2024 | 99.4% | $4.05 Billion | $23.12 Million | $7.53 Billion | ▲ +0.2 pp |
| 2023 | 99.3% | $3.81 Billion | $28.50 Million | $6.39 Billion | ▼ -0.6 pp |
| 2022 | 99.8% | $3.79 Billion | $6.43 Million | $6.03 Billion | ▲ +0.2 pp |
| 2021 | 99.6% | $5.02 Billion | $18.82 Million | $10.15 Billion | ▲ +0.2 pp |
| 2020 | 99.4% | $2.87 Billion | $16.28 Million | $6.56 Billion | ▲ +0.2 pp |
| 2019 | 99.2% | $2.53 Billion | $20.34 Million | $4.65 Billion | ▼ -0.2 pp |
| 2018 | 99.4% | $2.21 Billion | $12.33 Million | $3.98 Billion | ▼ -0.1 pp |
| 2017 | 99.6% | $1.72 Billion | $7.67 Million | $2.92 Billion | ▲ +0.0 pp |
| 2016 | 99.5% | $1.43 Billion | $6.52 Million | $2.35 Billion | ▲ +0.2 pp |
| 2015 | 99.3% | $1.22 Billion | $8.18 Million | $1.95 Billion | ▼ -0.2 pp |
| 2014 | 99.5% | $1.03 Billion | $5.08 Million | $1.60 Billion | ▲ +0.1 pp |
| 2013 | 99.4% | $857.25 Million | $5.40 Million | $1.35 Billion | ▼ 0.0 pp |
| 2012 | 99.4% | $690.40 Million | $4.31 Million | $1.13 Billion | ▲ +0.9 pp |
| 2011 | 98.5% | $574.22 Million | $8.48 Million | $863.37 Million | ▼ -0.5 pp |
| 2010 | 99.0% | $427.58 Million | $4.19 Million | $596.42 Million | ▲ +0.3 pp |
| 2009 | 98.8% | $351.48 Million | $4.35 Million | $469.40 Million | ▲ +0.0 pp |
| 2008 | 98.7% | $298.86 Million | $3.75 Million | $396.74 Million | ▲ +0.2 pp |
| 2007 | 98.6% | $247.19 Million | $3.47 Million | $316.06 Million | ▲ +3.4 pp |
| 2006 | 95.2% | $68.27 Million | $3.25 Million | $139.08 Million | ▲ +0.6 pp |
| 2005 | 94.6% | $58.50 Million | $3.14 Million | $134.52 Million | ▼ -5.4 pp |
| 2004 | 100.0% | $27.05 Million | $0.00 | $80.09 Million | ▲ +0.0 pp |
| 2003 | 100.0% | $21.78 Million | $0.00 | $61.90 Million | — |