New Oriental Education & Technology Group annual debt-to-equity ratio
2018
2019
2020
2021
2022
2023
2024
2025
New Oriental Education & Technology Group Debt-to-Equity Ratio Growth & History (EDU)
New Oriental Education & Technology Group's debt-to-equity ratio was 0.22 for fiscal 2025.
View full New Oriental Education & Technology Group company overviewNew Oriental Education & Technology Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-05-31 | 0.22 | 0.04 | +25.63% |
| 2024 | 2024-05-31 | 0.17 | 0.05 | +39.32% |
| 2023 | 2023-05-31 | 0.12 | −0.04 | −25.79% |
| 2022 | 2022-05-31 | 0.17 | −0.21 | −56.27% |
| 2021 | 2021-05-31 | 0.38 | −0.20 | −34.35% |
| 2020 | 2020-05-31 | 0.58 | 0.54 | +1314.77% |
| 2019 | 2019-05-31 | 0.04 | 0.04 | — |
| 2018 | 2018-05-31 | 0.00 | — | — |
New Oriental Education & Technology Group quarterly debt-to-equity ratio
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-02-28 | 0.20 | −0.00 | −1.44% |
| Q2 2026 | 2025-11-30 | 0.20 | — | — |
| Q1 2026 | 2025-08-31 | 0.20 | — | — |
| Q4 2025 | 2025-05-31 | 0.22 | 0.04 | +25.63% |
| Q3 2025 | 2025-02-28 | 0.20 | — | — |
| Q4 2024 | 2024-05-31 | 0.17 | 0.05 | +39.32% |
| Q4 2023 | 2023-05-31 | 0.12 | −0.04 | −25.79% |
| Q4 2022 | 2022-05-31 | 0.17 | −0.21 | −56.27% |
| Q4 2021 | 2021-05-31 | 0.38 | −0.20 | −34.35% |
| Q4 2020 | 2020-05-31 | 0.58 | 0.54 | +1314.77% |
| Q4 2019 | 2019-05-31 | 0.04 | 0.04 | — |
| Q4 2018 | 2018-05-31 | 0.00 | — | — |
New Oriental Education & Technology Group debt-to-equity ratio trends
Over the last five fiscal years, New Oriental Education & Technology Group's debt-to-equity ratio decreased from 0.58 to 0.22, a change of −0.36. The latest reported quarter, Q3 2026, shows 0.20.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review New Oriental Education & Technology Group source filings ↗