TAL Education Group (TAL) quarterly balance sheet — complete assets, liabilities & equity history
TAL Education Group (TAL) balance sheet — 18-year assets, liabilities & shareholders' equity history
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Total Current Assets | 3.69B | 3.84B | 4.31B | 3.85B | 4.1B | 4.13B | 4.45B | 3.96B | 3.93B | 3.7B | 3.64B | 3.37B | 3.45B | 3.47B | 3.5B | 3.47B | 3.6B | 3.63B | 4.17B | 7.31B |
| Cash & Short-Term Investments | 2.87B | 3.24B | 3.62B | 3.25B | 3.47B | 3.62B | 3.84B | 3.45B | 3.42B | 3.3B | 3.17B | 2.96B | 3.04B | 3.17B | 3.04B | 3.09B | 2.89B | 2.71B | 2.84B | 5.02B |
| Cash Only | 1.64B | 1.52B | 2.15B | 1.54B | 1.27B | 1.77B | 2.24B | 2.09B | 2.22B | 2.21B | 2.19B | 2.2B | 2.09B | 2.02B | 1.86B | 1.76B | 1.74B | 1.64B | 1.35B | 3.38B |
| Short-Term Investments | 1.23B | 1.72B | 1.47B | 1.71B | 2.21B | 1.85B | 1.6B | 1.37B | 1.2B | 1.09B | 974.21M | 767.61M | 959.31M | 1.15B | 1.18B | 1.33B | 1.16B | 1.07B | 1.49B | 1.65B |
| Accounts Receivable | 30K | 83.05M | 25K | 28K | 26K | 105.87M | 387K | 394K | 1.92M | 80.69M | 404K | 401K | 4.28M | 44.83M | 420K | 352K | 3.69M | 25.57M | 23.02M | 15.75M |
| Days Sales Outstanding | 5.04 | 4.63 | 0 | 0 | 8.47 | 7.84 | 0.06 | 0.17 | 9.27 | 8.48 | 0.1 | 0.52 | 8.2 | 7.58 | 0.15 | 0.63 | 6.04 | 4.04 | 1.73 | 1 |
| Inventory | 184.82M | 143.33M | 136.95M | 133.02M | 136.98M | 104.88M | 98.02M | 82.37M | 80.98M | 68.33M | 59.01M | 65.5M | 57.79M | 39M | 30.18M | 30.83M | 22.48M | 21.83M | 22.24M | 26.49M |
| Days Inventory Outstanding | 47.14 | 33.38 | 36.3 | 33.54 | 42.86 | 31.2 | 28.63 | 27.77 | 34.71 | 28.28 | 32.71 | 33.48 | 31.91 | 24.43 | 26.96 | 20.94 | 23.15 | 10 | 4.27 | 2.79 |
| Other Current Assets | 630.41M | 246.71M | 557.21M | 470.29M | 490.27M | 200.12M | 306.55M | 167.54M | 429.13M | 176.9M | 416.82M | 341.28M | 340.39M | 209.99M | 297.4M | 207.82M | 532.21M | 860.6M | 1.11B | 1.98B |
| Total Non-Current Assets | 3.08B | 2.09B | 1.61B | 1.6B | 1.62B | 1.38B | 1.34B | 1.39B | 1.37B | 1.23B | 1.27B | 1.21B | 1.27B | 1.26B | 1.25B | 1.25B | 1.24B | 1.45B | 2.5B | 2.98B |
| Property, Plant & Equipment | 907.89M | 880.44M | 866.01M | 866.12M | 874.3M | 801.43M | 783.13M | 800.17M | 778.9M | 636.42M | 583.22M | 482.98M | 453.87M | 437.88M | 421.96M | 411.32M | 423.44M | 508.3M | 1.19B | 1.87B |
| Fixed Asset Turnover | 0.85x | 0.93x | 0.89x | 0.99x | 0.69x | 0.77x | 0.77x | 0.78x | 0.59x | 0.71x | 0.70x | 0.88x | 0.62x | 0.62x | 0.56x | 0.70x | 0.48x | 0.64x | 0.67x | 0.77x |
| Goodwill | 45.55M | 45.55M | 45.7M | 45.7M | 44.82M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 163K | 159K | 0 | 0 | 0 | 18.84M | 62.52M |
| Intangible Assets | 236.12M | 235.75M | 232.18M | 233.02M | 233.42M | 182.88M | 185.9M | 191.61M | 188.5M | 189.05M | 187.68M | 185.89M | 188.38M | 194.36M | 191.21M | 198.04M | 205.97M | 219.4M | 233.72M | 235.74M |
| Long-Term Investments | 1.74B | 756.34M | 371.95M | 367.11M | 374.99M | 293.71M | 276.25M | 299.33M | 279.85M | 264.77M | 374.37M | 418.58M | 464.26M | 453.38M | 467.26M | 464.47M | 342.53M | 412.48M | 557.97M | 557.51M |
| Other Non-Current Assets | 149.44M | 171.93M | 90.66M | 86.81M | 85M | 94.64M | 89.86M | 90.04M | 120.05M | 133.91M | 121.5M | 121.46M | 153.86M | 164.19M | 169.54M | 174.85M | 263.32M | 304.22M | 492.14M | 226.91M |
| Total Assets | 6.77B | 5.94B | 5.92B | 5.45B | 5.72B | 5.5B | 5.79B | 5.34B | 5.3B | 4.93B | 4.91B | 4.58B | 4.71B | 4.72B | 4.76B | 4.72B | 4.84B | 5.08B | 6.67B | 10.28B |
| Asset Turnover | 0.12x | 0.14x | 0.14x | 0.15x | 0.10x | 0.11x | 0.11x | 0.12x | 0.08x | 0.09x | 0.08x | 0.09x | 0.06x | 0.06x | 0.05x | 0.06x | 0.04x | 0.09x | 0.12x | 0.14x |
| Asset Growth % | 18.42% | 7.87% | 2.25% | 2.09% | 7.78% | 11.67% | 17.82% | 16.55% | 12.49% | 4.31% | 3.29% | -2.89% | -2.5% | -7.05% | -28.68% | -54.11% | - | -58.04% | -27.83% | 53.47% |
| Total Current Liabilities | 2.18B | 1.77B | 2.08B | 1.69B | 1.83B | 1.44B | 1.73B | 1.29B | 1.34B | 1.08B | 1.13B | 861.77M | 959.38M | 783.87M | 855.47M | 754.99M | 822.78M | 902.58M | 1.9B | 4.95B |
| Accounts Payable | 139.32M | 152.51M | 161.09M | 157.37M | 160.36M | 146.3M | 189.27M | 167.32M | 132.27M | 127.32M | 110.61M | 73.39M | 70.89M | 59.99M | 69.81M | 73.69M | 71.1M | 89.84M | 150.87M | 170.82M |
| Days Payables Outstanding | 41.93 | 37.35 | 42.82 | 39.47 | 54.34 | 51.6 | 56.59 | 50.92 | 60.35 | 52.84 | 48.34 | 39.18 | 43.15 | 45.83 | 63.42 | 56.86 | 84.06 | 54.62 | 28.18 | 18.01 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 55.23M | 6.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.3B |
| Deferred Revenue (Current) | 1.18B | 832.84M | 1.11B | 777.67M | 929.87M | 624.27M | 780.91M | 485.39M | 613.47M | 400.29M | 482.37M | 313.61M | 380.09M | 234.89M | 270.11M | 177.53M | 227.34M | 187.72M | 538.98M | 1.11B |
| Other Current Liabilities | 0 | 71.27M | 0 | 0 | 0 | 73.77M | 0 | 0 | 0 | 57.5M | 0 | -105K | -98K | 119.58M | 0 | 0 | 0 | 186.89M | 0 | 0 |
| Current Ratio | 1.69x | 2.17x | 2.07x | 2.28x | 2.25x | 2.86x | 2.57x | 3.06x | 2.94x | 3.42x | 3.22x | 3.91x | 3.59x | 4.42x | 4.10x | 4.59x | 4.37x | 4.02x | 2.20x | 1.48x |
| Quick Ratio | 1.61x | 2.09x | 2.01x | 2.20x | 2.17x | 2.79x | 2.51x | 2.99x | 2.88x | 3.36x | 3.17x | 3.84x | 3.53x | 4.37x | 4.06x | 4.55x | 4.34x | 4.00x | 2.18x | 1.47x |
| Cash Conversion Cycle | 10.26 | 0.66 | -6.52 | -5.93 | -3.01 | -12.57 | -27.91 | -22.98 | -16.36 | -16.08 | -15.53 | -5.18 | -3.04 | -13.82 | -36.3 | -35.29 | -54.87 | -40.58 | -22.18 | -14.21 |
| Total Non-Current Liabilities | 507.55M | 395.42M | 338.99M | 328.27M | 318.8M | 295.32M | 292.1M | 298.19M | 304.15M | 206.97M | 183.68M | 138.84M | 128.72M | 119.58M | 122.07M | 124.69M | 137.13M | 177.68M | 652.21M | 1.15B |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 286.71M | 278.08M | 273.04M | 269.55M | 275.37M | 244.9M | 243.35M | 262.36M | 273.46M | 176.61M | 156.28M | 124.98M | 119.16M | 115.55M | 118.06M | 120.57M | 133.75M | 175.99M | 634.29M | 1.13B |
| Deferred Tax Liabilities | 178.31M | 67.98M | 13.91M | 13.74M | 5.42M | 3.47M | 4.04M | 3.66M | 2.25M | 2.36M | 2.11M | 2.08M | 1.98M | 1.56M | 3.32M | 4.11M | 3.37M | 1.68M | 17.9M | 17.86M |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 2.69B | 2.16B | 2.42B | 2.02B | 2.14B | 1.74B | 2.03B | 1.59B | 1.64B | 1.29B | 1.31B | 1B | 1.09B | 903.44M | 977.54M | 879.68M | 959.91M | 1.08B | 2.55B | 6.1B |
| Total Debt | 405.52M | 387.48M | 377.35M | 373.33M | 373.84M | 333.35M | 381.09M | 348.29M | 345.73M | 239.22M | 214.46M | 172.59M | 164.84M | 157.72M | 159.39M | 160.52M | 177.92M | 242.09M | 881.64M | 3.82B |
| Net Debt | -1.24B | -1.14B | -1.77B | -1.17B | -893.34M | -1.44B | -1.86B | -1.74B | -1.88B | -1.97B | -1.98B | -2.02B | -1.92B | -1.86B | -1.7B | -1.6B | -1.56B | -1.4B | -466.3M | 446.51M |
| Debt / Equity | 0.10x | 0.10x | 0.11x | 0.11x | 0.10x | 0.09x | 0.10x | 0.09x | 0.09x | 0.07x | 0.06x | 0.05x | 0.05x | 0.04x | 0.04x | 0.04x | 0.05x | 0.06x | 0.21x | 0.91x |
| Debt / EBITDA | 2.96x | 1.20x | 2.59x | 2.13x | 8.84x | 50.72x | 19.60x | 4.20x | 25.44x | 17.12x | - | 6.20x | - | - | - | 44.23x | - | - | - | - |
| Net Debt / EBITDA | -9.01x | -3.51x | -12.13x | -6.68x | -21.13x | -218.79x | -95.65x | -20.94x | -138.10x | -140.93x | - | -72.74x | - | - | - | -440.54x | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -43.79x | -182.79x |
| Total Equity | 4.08B | 3.77B | 3.5B | 3.44B | 3.57B | 3.77B | 3.76B | 3.75B | 3.66B | 3.64B | 3.6B | 3.58B | 3.63B | 3.82B | 3.78B | 3.84B | 3.88B | 4B | 4.12B | 4.18B |
| Equity Growth % | 14.24% | 0.19% | -7.04% | -8.35% | -2.47% | 3.51% | 4.59% | 4.66% | 0.95% | -4.77% | -4.79% | -6.7% | -6.43% | -4.53% | -8.24% | -8.13% | -25.54% | -23.1% | -3.88% | 53.13% |
| Book Value per Share | 21.89 | 20.22 | 18.66 | 17.85 | 17.43 | 55.76 | 55.65 | 55.43 | 54.01 | 53.75 | 54.48 | 53.24 | 52.00 | 54.62 | 54.12 | 54.97 | 54.60 | 56.29 | 58.14 | 59.12 |
| Total Shareholders' Equity | 4.08B | 3.77B | 3.5B | 3.44B | 3.57B | 3.77B | 3.77B | 3.76B | 3.68B | 3.66B | 3.62B | 3.6B | 3.65B | 3.84B | 3.81B | 3.87B | 3.9B | 4.03B | 4.15B | 4.2B |
| Common Stock | 190K | 205K | 205K | 203K | 203K | 203K | 203K | 202K | 202K | 201K | 201K | 212K | 219K | 218K | 218K | 216K | 216K | 216K | 215K | 214K |
| Retained Earnings | 281.57M | -130.43M | -334.54M | -466.4M | -591.2M | -624.08M | -601.6M | -624.79M | -682.76M | -694.27M | -714.13M | -691.3M | -730.17M | -685.91M | -636.89M | -588.05M | -588M | -544.31M | -392.98M | -294.88M |
| Treasury Stock | -6K | -20K | -20K | -17K | -8K | 0 | 0 | 0 | 0 | 0 | 0 | -12K | -15K | -6K | -6K | -5K | -4K | 0 | 0 | 0 |
| Accumulated OCI | 232.55M | 210.26M | 129.75M | 120.64M | 110.01M | 95.62M | 93.88M | 117.86M | 91.37M | 99.21M | 99.85M | 82.17M | 104.44M | 129.69M | 67.63M | 95.82M | 153.41M | 215.98M | 180.04M | 174.91M |
| Minority Interest | -832K | -751K | -364K | -289K | -236K | -169K | -9.03M | -9.16M | -23.29M | -23.33M | -23.37M | -22.82M | -23.27M | -23.73M | -25.94M | -26.72M | -25.38M | -27.89M | -26.9M | -18.8M |