51 Talk Online Education Group (COE)

COE Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Cash & Equivalents	23.39	18.19	24.61	48.51	50.93
Short-Term Investments	0	4.87	6.5	146.58	88.66
Cash & Cash Equivalents	23.39	23.06	31.11	195.08	139.59
Cash Growth	1.44%	-25.88%	-84.05%	39.76%	31.99%
Inventory	0	0	0	0.29	0.05
Other Current Assets	6.39	3.51	120.14	44.86	37.16
Total Current Assets	29.78	26.57	151.25	240.23	176.79
Property, Plant & Equipment	0.86	0.79	1.72	17.7	11.43
Long-Term Investments	0	0	11.12	61.48	16.84
Goodwill and Intangibles	0.09	0.1	0.12	3.64	2.1
Other Long-Term Assets	0.42	0.17	22.87	5.07	1.01
Total Long-Term Assets	1.37	1.07	35.82	87.89	31.38
Total Assets	31.16	27.63	187.07	328.12	208.17
Accounts Payable	0	0.39	0	0	0
Deferred Revenue	27.21	15.17	2.87	404.08	324.71
Current Debt	0.59	0.43	0.82	6.38	7.15
Other Current Liabilities	11.33	4.53	293.35	37.74	27.3
Total Current Liabilities	39.13	20.51	297.04	448.19	359.15
Long-Term Debt	0.04	0.31	0.82	7.96	3.5
Other Long-Term Liabilities	0.18	0.24	2.64	0.71	0.95
Total Long-Term Liabilities	0.22	0.55	3.45	8.67	4.44
Total Liabilities	39.35	21.06	300.5	456.86	363.6
Total Debt	0.63	0.73	1.63	14.34	10.64
Debt Growth	-14.03%	-55.02%	-88.62%	34.70%	3.81%
Retained Earnings	-346.37	-331.17	-288.61	-304.71	-326.54
Comprehensive Income	0	0.3	-6.05	1.32	4.45
Shareholders' Equity	-8.34	6.58	-113.43	-128.74	-155.43
Net Cash / Debt	22.76	22.32	29.48	180.75	128.94
Net Cash / Debt Growth	1.94%	-24.27%	-83.69%	40.17%	35.02%
Net Cash Per Share	0.07	0.07	0.09	0.57	0.42
Working Capital	-9.35	6.06	-145.79	-207.96	-182.37
Book Value Per Share	-1.47	1.18	-20.72	-24.17	-30.24

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).