TAL Education Group balance sheet TAL
As of Feb 28, 2026, TAL Education Group had total assets of $5.9 billion and total liabilities of $2.2 billion. Total assets were up 7.9% from a year earlier. Stockholders' equity was $3.8 billion. It held $4.1 billion in cash and investments against $387.5 million of total debt, net cash of $3.7 billion. The current ratio, current assets divided by current liabilities, was 2.17.
USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.
| Line |
FY 2026
Feb 28, 2026
|
FY 2025
Feb 28, 2025
|
FY 2024
Feb 29, 2024
|
FY 2023
Feb 28, 2023
|
FY 2022
Feb 28, 2022
|
FY 2021
Feb 28, 2021
|
FY 2020
Feb 29, 2020
|
FY 2019
Feb 28, 2019
|
FY 2018
Feb 28, 2018
|
FY 2017
Feb 28, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash |
1,524
-14.0%
|
1,771
-19.8%
|
2,209
+9.2%
|
2,022
+23.4%
|
1,638
-49.5%
|
3,243
+73.1%
|
1,874
+50.3%
|
1,247
+75.3%
|
712
+51.3%
|
470
+8.3%
|
| Short-term investments |
1,715
-7.1%
|
1,847
+68.7%
|
1,095
-4.8%
|
1,150
+7.4%
|
1,071
-60.3%
|
2,695
+680.0%
|
345
+28.7%
|
268
-65.9%
|
787
+243.2%
|
229
+735.3%
|
| Long-term investments |
828
+171.5%
|
305
+7.3%
|
284
-37.3%
|
453
+9.4%
|
414
-37.9%
|
668
+16.8%
|
572
-32.8%
|
851
+42.4%
|
598
+71.9%
|
348
+84.2%
|
| Cash and investments |
4,068
+3.7%
|
3,923
+9.4%
|
3,588
-1.0%
|
3,625
+16.1%
|
3,123
-52.7%
|
6,605
+136.7%
|
2,791
+17.9%
|
2,366
+12.9%
|
2,097
+100.2%
|
1,047
+61.1%
|
| Receivables |
72
-24.0%
|
94
+78.5%
|
53
+17.7%
|
45
+75.3%
|
26
-1.3%
|
26
-39.3%
|
43
-15.1%
|
50
|
—
|
—
|
| Inventory |
143
+36.7%
|
105
+53.5%
|
68
+75.2%
|
39
+78.7%
|
22
-43.6%
|
39
+49.7%
|
26
+233.3%
|
8
+47.0%
|
5
+86.7%
|
3
+370.2%
|
| Total current assets |
3,843
-6.9%
|
4,127
+11.6%
|
3,699
+6.7%
|
3,468
-4.4%
|
3,629
-55.5%
|
8,157
+226.8%
|
2,496
+43.0%
|
1,746
+5.0%
|
1,662
+90.8%
|
871
+68.9%
|
| Property and equipment, net |
501
+6.0%
|
472
+16.5%
|
405
+40.3%
|
289
+2.7%
|
281
-45.0%
|
511
+39.5%
|
367
+27.4%
|
288
+16.4%
|
247
+60.2%
|
154
+34.6%
|
| Goodwill |
46
|
—
|
—
|
—
|
—
|
454
+19.9%
|
379
-8.5%
|
414
+42.2%
|
291
+9.1%
|
267
+207.0%
|
| Total assets |
5,936
+7.9%
|
5,503
+11.7%
|
4,928
+4.3%
|
4,724
-7.0%
|
5,083
-58.0%
|
12,112
+117.4%
|
5,571
+49.2%
|
3,735
+22.3%
|
3,055
+67.0%
|
1,829
+72.3%
|
| Liabilities and equity | ||||||||||
| Accounts payable |
153
+4.2%
|
146
+14.9%
|
127
+112.2%
|
60
-33.2%
|
90
-74.6%
|
354
+200.4%
|
118
+10.6%
|
106
+84.9%
|
58
+154.5%
|
23
+117.6%
|
| Total current liabilities |
1,767
+22.6%
|
1,441
+33.2%
|
1,082
+38.1%
|
784
-13.2%
|
903
-73.2%
|
3,374
+86.8%
|
1,807
+52.6%
|
1,184
+4.4%
|
1,133
+69.9%
|
667
+74.1%
|
| Total liabilities |
2,163
+24.5%
|
1,737
+34.7%
|
1,289
+42.7%
|
903
-16.4%
|
1,080
-84.4%
|
6,908
+128.2%
|
3,027
+151.3%
|
1,205
-14.8%
|
1,414
+23.2%
|
1,148
+85.0%
|
| Stockholders' equity |
3,774
+0.2%
|
3,767
+2.9%
|
3,662
-4.7%
|
3,845
-4.6%
|
4,030
-22.5%
|
5,202
+106.8%
|
2,516
+1.3%
|
2,484
+53.2%
|
1,621
+151.6%
|
644
+47.4%
|
| Debt | ||||||||||
| Debt due within a year |
—
|
—
|
—
|
—
|
—
|
270
-42.8%
|
—
|
210
-6.7%
|
225
+0.0%
|
225
|
| Long-term debt |
—
|
—
|
—
|
—
|
—
|
—
|
262
|
—
|
—
|
—
|
| Lease liabilities |
387
+16.2%
|
333
+39.3%
|
239
+51.7%
|
158
-34.9%
|
242
-84.6%
|
1,576
+25.6%
|
1,255
|
—
|
—
|
—
|
| Total debt |
387
+16.2%
|
333
+39.3%
|
239
+51.7%
|
158
-69.2%
|
242
-86.8%
|
1,846
+6.9%
|
1,517
|
210
-6.7%
|
225
+0.0%
|
225
|
| Net cash |
3,680
+2.5%
|
3,590
+7.2%
|
3,348
-3.4%
|
3,467
+32.8%
|
2,881
-39.6%
|
4,759
+347.2%
|
1,274
-46.2%
|
2,156
+15.2%
|
1,872
+127.6%
|
822
|
| Ratios | ||||||||||
| Current ratio |
2.17x
|
2.86x
|
3.42x
|
4.42x
|
4.02x
|
2.42x
|
1.38x
|
1.47x
|
1.47x
|
1.31x
|
| Debt to equity |
0.10x
|
0.09x
|
0.07x
|
0.04x
|
0.06x
|
0.35x
|
0.60x
|
0.08x
|
0.14x
|
0.35x
|
| Debt to EBITDA |
1.12x
|
7.82x
|
—
|
—
|
—
|
—
|
6.40x
|
0.50x
|
0.87x
|
1.38x
|
| Return on equity |
14.06%
|
2.25%
|
-0.10%
|
-3.53%
|
-28.19%
|
-2.23%
|
-4.38%
|
14.79%
|
12.24%
|
18.14%
|
| Return on assets |
8.94%
|
1.54%
|
-0.07%
|
-2.87%
|
-22.35%
|
-0.96%
|
-1.98%
|
9.83%
|
6.50%
|
6.39%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.
Company profile
- Industry
- Services-Educational Services (SIC 8200)
- Listed as
- TAL (NYSE)
- Incorporated in
- Cayman Islands
- Headquarters
- Beijing, China
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1499620
Other Services-Educational Services companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.