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 44.9% as of May 2026. Working capital of $1.94 Billion (current assets of $5.83 Billion minus current liabilities of $3.89 Billion) is measured against net assets of $4.32 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See EDU defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
New Oriental Education & Technology Working Capital to Net Assets (2003–2026)
This chart shows how New Oriental Education & Technology's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2003 to 2026. As of May 2026, the ratio stands at 44.9%, reflecting working capital of $1.94 Billion against net assets of $4.32 Billion USD. For the complete balance sheet picture, see EDU total assets.
Annual Working Capital to Net Assets for New Oriental Education & Technology (2003–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for New Oriental Education & Technology from 2003 to 2026, covering 22 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. Check EDU cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 44.9% | $1.94 Billion | $4.32 Billion | $5.83 Billion | $3.89 Billion | ▼ -3.1 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 | — |