TAL Education Group Balance Sheet

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

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Cash & Equivalents	1,524	1,771	2,209	2,022	1,638
Short-Term Investments	1,715	1,847	1,095	1,150	1,071
Cash & Short-Term Investments	3,239	3,618	3,303	3,172	2,709
Cash Growth	-10.48%	9.54%	4.16%	17.09%	-54.38%
Accounts Receivable	-	94.15	52.74	44.83	25.57
Other Receivables	0.05	9.57	22.96	21.96	29.12
Receivables	0.05	103.72	75.7	78.94	73.87
Inventory	143.33	104.88	68.33	39	21.83
Prepaid Expenses	232.87	3.19	2.85	3.06	12.66
Restricted Cash	227.55	187.85	167.66	126.89	755.65
Other Current Assets	-	108.91	81.28	48.98	56.65
Total Current Assets	3,843	4,127	3,699	3,468	3,629
Property, Plant & Equipment	880.44	801.43	636.42	437.88	508.3
Long-Term Investments	828.25	305.11	284.27	453.38	414.49
Goodwill	45.55	-	-	-	-
Other Intangible Assets	235.75	182.88	189.05	194.36	219.4
Long-Term Deferred Tax Assets	3.17	3.49	4.62	5.97	6.75
Long-Term Deferred Charges	-	16.35	7.85	1.76	-
Other Long-Term Assets	100.02	66.9	106.56	162.6	303.65
Total Assets	5,936	5,503	4,928	4,724	5,083
Accounts Payable	152.51	146.3	127.32	59.99	89.84
Accrued Expenses	672.44	432.45	369	332.23	402.25
Current Portion of Leases	109.39	88.45	62.6	42.17	66.11
Current Income Taxes Payable	-	65.14	50.66	46.92	49.26
Current Unearned Revenue	832.84	624.27	400.29	234.89	187.72
Other Current Liabilities	-	84.73	72.35	67.66	107.42
Total Current Liabilities	1,767	1,441	1,082	783.87	902.58
Long-Term Leases	278.08	244.9	176.61	115.55	175.99
Long-Term Unearned Revenue	49.35	46.96	27.99	2.47	0.01
Long-Term Deferred Tax Liabilities	67.98	3.47	2.36	1.56	1.68
Total Liabilities	2,163	1,737	1,289	903.44	1,080
Common Stock	0.21	0.2	0.2	0.22	0.22
Additional Paid-In Capital	3,694	4,295	4,257	4,401	4,358
Retained Earnings	86.21	-444.54	-529.13	-525.56	-389.95
Treasury Stock	-0.02	-	-	-0.01	-
Comprehensive Income & Other	-6.38	-83.91	-65.93	-30.67	61.62
Total Common Equity	3,774	3,767	3,662	3,845	4,030
Minority Interest	-0.75	-0.17	-23.33	-23.73	-27.89
Shareholders' Equity	3,774	3,766	3,639	3,821	4,002
Total Liabilities & Equity	5,936	5,503	4,928	4,724	5,083
Total Debt	387.48	333.35	239.22	157.72	242.09
Net Cash (Debt)	2,852	3,285	3,064	3,014	2,467
Net Cash Growth	-13.19%	7.21%	1.67%	22.18%	37.70%
Net Cash Per Share	4.93	5.34	5.02	4.73	3.83
Filing Date Shares Outstanding	553.89	608.47	605.56	638.49	648.8
Total Common Shares Outstanding	553.89	608.32	604.23	636.96	647.83
Working Capital	2,076	2,686	2,617	2,685	2,727
Book Value Per Share	6.81	6.19	6.06	6.04	6.22
Tangible Book Value	3,493	3,584	3,473	3,650	3,811
Tangible Book Value Per Share	6.31	5.89	5.75	5.73	5.88
Buildings	-	209.24	57.78	59.99	65.92
Machinery	-	148.37	118.54	103.6	193.66
Construction In Progress	-	143.04	286.43	210.18	151.44
Leasehold Improvements	-	144.16	84.93	50.13	115.76

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