The company's financial position is severely strained, with total assets collapsing to $311.4 million and a debt-to-equity ratio of 2.21 as of 2025Q2.
| Total Current Assets | 60.35M | 663.77M | 927.4M | 1.19B | 3.69B | 4.7B | 3.76B | 3.24B | 1.95B | 572.04M | 564.08M | 445.22M |
| Cash & Short-Term Investments | 45.81M | 493.38M | 425.4M | 676.72M | 844.68M | 3.39B | 3.49B | 3.15B | 1.89B | 386.52M | 240.68M | 144.58M |
| Cash Only | 45.81M | 493.38M | 410.09M | 664.77M | 844.68M | 3.38B | 3.25B | 3.15B | 1.88B | 356.02M | 240.68M | 144.58M |
| Short-Term Investments | 0 | 0 | 15.31M | 11.95M | 0 | 13.7M | 241.27M | 0 | 6.39M | 30.5M | 0 | 0 |
| Accounts Receivable | 23.12M | 18.79M | 19.21M | 27.31M | 235.26M | 83.69M | 103.87M | 2.06M | 3.11M | 9.33M | 2.43M | 2.55M |
| Days Sales Outstanding | 7.22 | 3.91 | 3.3 | 6.93 | 61.26 | 9.07 | 14.79 | 0.44 | 0.86 | 3.27 | 1.19 | 1.58 |
| Inventory | 796K | 1.16M | 5.48M | 6.87M | 7.58M | 28.01M | 26.23M | 9.17M | 8.6M | 9.58M | 8.49M | 6.88M |
| Days Inventory Outstanding | 0.72 | 0.34 | 1.31 | 2.03 | 2.34 | 4.77 | 6.04 | 3.07 | 3.65 | 4.75 | 4.73 | 5 |
| Other Current Assets | -9.37M | 89.66M | 467.83M | 469.57M | 2.59B | 1.19B | 35.97M | 23.8M | 39.7M | 168.78M | 298.46M | 275.36M |
| Total Non-Current Assets | 251.03M | 2.38B | 3.69B | 4.28B | 4.94B | 6.12B | 4.04B | 1.42B | 736.49M | 667.2M | 529.12M | 468.54M |
| Property, Plant & Equipment | 184.9M | 1.77B | 1.96B | 1.87B | 2.3B | 3.05B | 881.34M | 463.47M | 428.83M | 433.8M | 414.16M | 384.14M |
| Fixed Asset Turnover | 0.81x | 0.99x | 1.08x | 0.77x | 0.61x | 1.11x | 2.91x | 3.71x | 3.10x | 2.40x | 1.80x | 1.53x |
| Goodwill | 57.06M | 527.3M | 1.33B | 1.83B | 1.95B | 2.28B | 2.1B | 609.51M | 104.03M | 102.33M | 0 | 0 |
| Intangible Assets | 5.17M | 49.6M | 343.08M | 430.5M | 485.82M | 683.6M | 642.9M | 107.38M | 55.87M | 59.5M | 36.64M | 37.61M |
| Long-Term Investments | 65.45M | 24.42M | 32.73M | 40.49M | 75.44M | 55.14M | 28.45M | 207.36M | 78.75M | 0 | 0 | 0 |
| Other Non-Current Assets | 1.12M | 9.36M | 20.42M | 16.99M | 69.67M | 18.05M | 351.95M | 16.15M | 43.66M | 44.63M | 46.23M | 46.79M |
| Total Assets | 311.38M | 3.05B | 4.62B | 5.47B | 8.63B | 10.82B | 7.79B | 4.67B | 2.69B | 1.24B | 1.09B | 913.76M |
| Asset Turnover | 0.43x | 0.58x | 0.46x | 0.26x | 0.16x | 0.31x | 0.33x | 0.37x | 0.49x | 0.84x | 0.68x | 0.64x |
| Asset Growth % | -177.67% | -34.07% | -15.53% | -36.65% | -20.24% | 38.9% | 66.98% | 73.69% | 116.8% | 13.36% | 19.64% | - |
| Total Current Liabilities | 88.4M | 1B | 1.48B | 1.58B | 4.03B | 3.7B | 2.52B | 1.63B | 1.2B | 1.01B | 1.07B | 876.83M |
| Accounts Payable | 10.18M | 91.84M | 105.19M | 100.23M | 73.41M | 68.23M | 94.3M | 63.6M | 50.9M | 63.6M | 88.22M | 84.1M |
| Days Payables Outstanding | 23.66 | 26.78 | 25.15 | 29.58 | 22.7 | 11.61 | 21.7 | 21.29 | 21.59 | 31.53 | 49.11 | 61.16 |
| Short-Term Debt | 0 | 0 | 0 | 18.5M | 2.59B | 930.8M | 63.33M | 49.84M | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 530.58M | 498.15M | 0 | 70.43M | 57.21M | 1.54B | 1.54B | 965.15M | 761.88M | 664.2M | 477.89M | 360.41M |
| Other Current Liabilities | 937K | 27.88M | 1.05B | 1.36B | 1.17B | 806.5M | 2.01B | 19.94M | 14.61M | 814.96M | 865.95M | 651.73M |
| Current Ratio | 0.68x | 0.66x | 0.63x | 0.75x | 0.91x | 1.27x | 1.49x | 2.00x | 1.62x | 0.57x | 0.52x | 0.51x |
| Quick Ratio | 0.67x | 0.66x | 0.62x | 0.75x | 0.91x | 1.26x | 1.48x | 1.99x | 1.62x | 0.56x | 0.52x | 0.50x |
| Cash Conversion Cycle | -15.73 | -22.54 | -20.54 | -20.63 | 40.9 | 2.23 | -0.87 | -17.78 | -17.09 | -23.51 | -43.2 | -54.57 |
| Total Non-Current Liabilities | 150.56M | 1.44B | 1.57B | 1.47B | 1.79B | 4B | 2.19B | 29.54M | 65.1M | 65.82M | 57.55M | 55.34M |
| Long-Term Debt | 0 | 0 | 0 | 633K | 616K | 2.02B | 2.11B | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 4.38B | 1.4B | 1.52B | 1.44B | 1.67B | 1.66B | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 71.31M | 31.17M | 3.75M | 21.71M | 26.74M | 57.83M | 50.04M | 17.07M | 5.29M | 5.92M | 0 | 0 |
| Other Non-Current Liabilities | 22.2M | 0 | 44.21M | 10.41M | 93.24M | 323.17M | 32.39M | 12.47M | 59.81M | 65.82M | 57.55M | 55.34M |
| Total Liabilities | 238.96M | 2.44B | 3.05B | 3.06B | 5.83B | 7.7B | 4.71B | 1.65B | 1.27B | 1.08B | 1.13B | 932.18M |
| Total Debt | 159.94M | 1.51B | 1.65B | 1.47B | 4.39B | 5.05B | 2.16B | 49.84M | 0 | 6.15M | 28.18M | 0 |
| Net Debt | 114.13M | 1.02B | 1.11B | 806.55M | 3.54B | 1.67B | -1.09B | -3.1B | -1.88B | -349.87M | -212.5M | -144.58M |
| Debt / Equity | 2.21x | 2.49x | 1.05x | 0.61x | 1.56x | 1.62x | 0.70x | 0.02x | - | 0.04x | - | - |
| Debt / EBITDA | -0.17x | - | - | - | - | 13.86x | 7.62x | 0.14x | - | 0.07x | - | - |
| Net Debt / EBITDA | -0.12x | - | - | - | - | 4.58x | -3.85x | -8.67x | -6.43x | -3.87x | - | - |
| Interest Coverage | 547.21x | -623.91x | -25.33x | - | -2.30x | - | - | 9.97x | 43.86x | 8.52x | -39.04x | -22.48x |
| Total Equity | 72.42M | 606.11M | 1.57B | 2.41B | 2.81B | 3.12B | 3.08B | 3.01B | 1.42B | 161.56M | -38.95M | -18.42M |
| Equity Growth % | -236.34% | -61.44% | -34.88% | -14.02% | -10.16% | 1.33% | 2.38% | 112.17% | 778.59% | 514.74% | -111.46% | - |
| Book Value per Share | 9.71 | 81.72 | 211.90 | 325.31 | 376.70 | 416.04 | 403.30 | 394.36 | 216.63 | 26.65 | -6.73 | -3.18 |
| Total Shareholders' Equity | 61.36M | 516.81M | 1.42B | 2.19B | 2.55B | 2.74B | 2.72B | 2.84B | 1.42B | 116.73M | -44.5M | -15.94M |
| Common Stock | 1K | 8K | 8K | 8K | 8K | 8K | 8K | 7K | 7K | 7K | 7K | 7K |
| Retained Earnings | -159.85M | -1.47B | -473.15M | 471.35M | 648.94M | 632.72M | 472.34M | 231.04M | -15.93M | -170.85M | -110.68M | -58.73M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -308K | 207.93M | 192.38M | 22.95M | 170.85M | 250.94M | 143.9M | 140.72M | 28.45M | 47.81M | 24.02M | 12.15M |
| Minority Interest | 11.07M | 89.3M | 155.05M | 225.64M | 260.05M | 386.45M | 361.83M | 170.02M | 3.33M | 44.83M | 5.54M | -2.49M |
Asset impairment and insolvency
As reported in recent financial filings, BEDU's total assets plummeted from $4.2 billion in 2024Q3 to just $311.4 million by 2025Q2, signaling a catastrophic contraction in the company's operational scale that suggests a fundamental breakdown in the viability of its long-term business model.
The precipitous decline in total assets, coupled with a massive accumulation of retained earnings losses, indicates that the company is undergoing a severe restructuring or liquidation process. Investors should interpret this trajectory as a sign that the previous asset-heavy strategy has failed to generate sustainable value, leaving the firm with a significantly diminished footprint.
Based on the latest quarterly data, BEDU's debt-to-equity ratio has climbed to 2.21, which, when viewed alongside the shrinking equity base, suggests that the company's reliance on debt has become increasingly precarious as its ability to service these obligations through operational cash flow continues to deteriorate.
While the absolute debt levels have fluctuated, the rising D/E ratio in the face of collapsing assets implies that the company is struggling to deleverage effectively. This leverage profile warrants extreme caution, as the company appears to be maintaining debt levels that are disproportionate to its current, significantly reduced asset base.
According to the balance sheet, goodwill has been written down from $1.2 billion in 2024Q3 to $57.1 million in 2025Q2, reflecting a massive recognition of value destruction that suggests previous international and domestic acquisitions were fundamentally mispriced or have lost their strategic utility in the current regulatory environment.
The sharp reduction in both goodwill and net PPE suggests that the company is aggressively purging its balance sheet of non-performing assets. This trend indicates that the underlying quality of the remaining asset portfolio is highly questionable and may be subject to further write-downs if market conditions do not stabilize.
As indicated by the company's reported figures, cash reserves have dwindled to $45.8 million in 2025Q2 from a peak of over $600 million in 2023, leaving the firm with a current ratio of 0.68 that suggests a severe inability to meet short-term obligations without external intervention.
The rapid depletion of cash reserves, combined with a current ratio consistently below 1.0, points to a critical liquidity crunch. This suggests that the company may be burning through its remaining capital to fund ongoing operations, which is unsustainable and raises significant concerns regarding the firm's near-term solvency.
Quick answers to the most common questions about buying BEDU stock.
As of 2024, Bright Scholar Education Holdings Limited (BEDU) had total assets of $3.05B including $663.8M in current assets.
Bright Scholar Education Holdings Limited (BEDU) carries total debt of $1.51B, offset by $493.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Bright Scholar Education Holdings Limited (BEDU) has total shareholders' equity (book value) of $516.8M ($81.72 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Bright Scholar Education Holdings Limited (BEDU) reported a current ratio of 0.66x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.