New Oriental Education & Technology (EDU) — Working Capital to Net Assets Ratio
New Oriental Education & Technology (EDU) has a Working Capital to Net Assets ratio of 48.6% as of February 2026. Working capital of $2.15 Billion (current assets of $5.43 Billion minus current liabilities of $3.28 Billion) is measured against net assets of $4.42 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of New Oriental Education & Technology to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
New Oriental Education & Technology Working Capital to Net Assets (2003–2025)
This chart shows how New Oriental Education & Technology's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2003 to 2025. As of February 2026, the ratio stands at 48.6%, reflecting working capital of $2.15 Billion against net assets of $4.42 Billion USD. Check New Oriental Education & Technology (EDU) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for New Oriental Education & Technology (2003–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for New Oriental Education & Technology from 2003 to 2025, covering 21 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see EDU company net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 48.0% | $1.90 Billion | $3.95 Billion | $5.19 Billion | $3.29 Billion | ▼ -11.0 pp |
| 2024 | 59.0% | $2.39 Billion | $4.05 Billion | $5.39 Billion | $3.00 Billion | ▲ +2.3 pp |
| 2023 | 56.7% | $2.16 Billion | $3.81 Billion | $4.41 Billion | $2.25 Billion | ▼ -16.2 pp |
| 2022 | 72.9% | $2.76 Billion | $3.79 Billion | $4.47 Billion | $1.71 Billion | ▲ +11.0 pp |
| 2021 | 61.8% | $3.10 Billion | $5.02 Billion | $6.57 Billion | $3.47 Billion | ▲ +17.3 pp |
| 2020 | 44.5% | $1.28 Billion | $2.87 Billion | $3.76 Billion | $2.48 Billion | ▼ -13.3 pp |
| 2019 | 57.8% | $1.46 Billion | $2.53 Billion | $3.47 Billion | $2.01 Billion | ▲ +4.0 pp |
| 2018 | 53.8% | $1.19 Billion | $2.21 Billion | $2.94 Billion | $1.75 Billion | ▼ -11.5 pp |
| 2017 | 65.3% | $1.12 Billion | $1.72 Billion | $2.33 Billion | $1.20 Billion | ▼ -1.0 pp |
| 2016 | 66.3% | $951.15 Million | $1.43 Billion | $1.87 Billion | $918.19 Million | ▲ +15.3 pp |
| 2015 | 51.0% | $623.65 Million | $1.22 Billion | $1.35 Billion | $725.23 Million | ▼ -13.2 pp |
| 2014 | 64.1% | $657.61 Million | $1.03 Billion | $1.23 Billion | $576.07 Million | ▼ -3.7 pp |
| 2013 | 67.8% | $581.00 Million | $857.25 Million | $1.07 Billion | $489.83 Million | ▲ +1.1 pp |
| 2012 | 66.7% | $460.35 Million | $690.40 Million | $898.65 Million | $438.30 Million | ▼ -0.8 pp |
| 2011 | 67.4% | $387.27 Million | $574.22 Million | $675.27 Million | $288.00 Million | ▼ -1.6 pp |
| 2010 | 69.0% | $295.11 Million | $427.58 Million | $463.81 Million | $168.71 Million | ▲ +3.6 pp |
| 2009 | 65.4% | $229.97 Million | $351.48 Million | $347.73 Million | $117.76 Million | ▲ +2.2 pp |
| 2008 | 63.2% | $188.95 Million | $298.86 Million | $286.84 Million | $97.89 Million | ▲ +1.7 pp |
| 2007 | 61.5% | $152.02 Million | $247.19 Million | $220.89 Million | $68.87 Million | ▲ +82.9 pp |
| 2006 | -21.4% | $-14.62 Million | $68.27 Million | $43.40 Million | $58.01 Million | ▲ +7.9 pp |
| 2003 | -29.3% | $-6.39 Million | $21.78 Million | $28.05 Million | $34.44 Million | — |