TAL Education Group Balance Sheet

Financials in millions USD. Fiscal year is March - February.

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Cash & Equivalents	2,146	1,771	2,209	2,022	1,638	3,243
Short-Term Investments	1,471	1,847	1,095	1,150	1,071	2,695
Cash & Short-Term Investments	3,617	3,618	3,303	3,172	2,709	5,938
Cash Growth	-5.69%	9.54%	4.16%	17.09%	-54.38%	167.54%
Accounts Receivable	-	94.15	52.74	44.83	25.57	25.91
Other Receivables	0.03	9.57	22.96	21.96	29.12	63.22
Receivables	0.03	103.72	75.7	78.94	73.87	97.46
Inventory	136.95	104.88	68.33	39	21.83	38.68
Prepaid Expenses	252.07	3.19	2.85	3.06	12.66	8.06
Restricted Cash	305.14	187.85	167.66	126.89	755.65	1,759
Other Current Assets	-	108.91	81.28	48.98	56.65	316.2
Total Current Assets	4,312	4,127	3,699	3,468	3,629	8,157
Property, Plant & Equipment	866.01	801.43	636.42	437.88	508.3	2,057
Long-Term Investments	371.95	305.11	284.27	453.38	414.49	667.64
Goodwill	45.71	-	-	-	-	454.41
Other Intangible Assets	232.18	182.88	189.05	194.36	219.4	282.74
Long-Term Deferred Tax Assets	1.47	3.49	4.62	5.97	6.75	317.19
Long-Term Deferred Charges	-	16.35	7.85	1.76	-	-
Other Long-Term Assets	90.66	66.9	106.56	162.6	303.65	136.63
Total Assets	5,920	5,503	4,928	4,724	5,083	12,112
Accounts Payable	161.09	146.3	127.32	59.99	89.84	353.78
Accrued Expenses	705.84	432.45	369	332.23	402.25	657.37
Current Portion of Long-Term Debt	-	-	-	-	-	270
Current Portion of Leases	104.32	88.45	62.6	42.17	66.11	382.67
Current Income Taxes Payable	-	65.14	50.66	46.92	49.26	65.14
Current Unearned Revenue	1,111	624.27	400.29	234.89	187.72	1,387
Other Current Liabilities	-	84.73	72.35	67.66	107.42	257.4
Total Current Liabilities	2,082	1,441	1,082	783.87	902.58	3,374
Long-Term Debt	-	-	-	-	-	2,300
Long-Term Leases	273.04	244.9	176.61	115.55	175.99	1,194
Long-Term Unearned Revenue	52.05	46.96	27.99	2.47	0.01	30.01
Long-Term Deferred Tax Liabilities	13.91	3.47	2.36	1.56	1.68	10.33
Total Liabilities	2,421	1,737	1,289	903.44	1,080	6,908
Common Stock	0.21	0.2	0.2	0.22	0.22	0.22
Additional Paid-In Capital	3,704	4,295	4,257	4,401	4,358	4,369
Retained Earnings	-158.58	-444.54	-529.13	-525.56	-389.95	746.17
Treasury Stock	-0.02	-	-	-0.01	-	-
Comprehensive Income & Other	-46.21	-83.91	-65.93	-30.67	61.62	86.32
Total Common Equity	3,499	3,767	3,662	3,845	4,030	5,202
Minority Interest	-0.36	-0.17	-23.33	-23.73	-27.89	2.73
Shareholders' Equity	3,499	3,766	3,639	3,821	4,002	5,205
Total Liabilities & Equity	5,920	5,503	4,928	4,724	5,083	12,112
Total Debt	377.35	333.35	239.22	157.72	242.09	4,146
Net Cash (Debt)	3,240	3,285	3,064	3,014	2,467	1,791
Net Cash Growth	-6.21%	7.21%	1.67%	22.18%	37.70%	154.99%
Net Cash Per Share	5.46	5.34	5.02	4.73	3.83	2.93
Filing Date Shares Outstanding	555.18	608.47	605.56	638.49	648.8	644.82
Total Common Shares Outstanding	555.18	608.32	604.23	636.96	647.83	644.81
Working Capital	2,230	2,686	2,617	2,685	2,727	4,783
Book Value Per Share	6.30	6.19	6.06	6.04	6.22	8.07
Tangible Book Value	3,221	3,584	3,473	3,650	3,811	4,465
Tangible Book Value Per Share	5.80	5.89	5.75	5.73	5.88	6.92
Buildings	-	209.24	57.78	59.99	65.92	64.25
Machinery	-	148.37	118.54	103.6	193.66	295.71
Construction In Progress	-	143.04	286.43	210.18	151.44	59.49
Leasehold Improvements	-	144.16	84.93	50.13	115.76	446.2

Source: S&P Global Market Intelligence. Standard template. Financial Sources.