TAL Education Group (TAL)

TAL Education Group Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2025	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021
Cash & Equivalents	1,542	1,771	2,209	2,022	1,638	3,243
Short-Term Investments	1,707	1,847	1,095	1,150	1,071	2,695
Cash & Short-Term Investments	3,249	3,618	3,303	3,172	2,709	5,938
Cash Growth	-5.95%	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	133.02	104.88	68.33	39	21.83	38.68
Prepaid Expenses	264.31	3.19	2.85	3.06	12.66	8.06
Restricted Cash	205.97	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	3,852	4,127	3,699	3,468	3,629	8,157
Property, Plant & Equipment	866.12	801.43	636.42	437.88	508.3	2,057
Long-Term Investments	367.11	305.11	284.27	453.38	414.49	667.64
Goodwill	45.7	-	-	-	-	454.41
Other Intangible Assets	233.02	182.88	189.05	194.36	219.4	282.74
Long-Term Deferred Tax Assets	1.74	3.49	4.62	5.97	6.75	317.19
Long-Term Deferred Charges	-	16.35	7.85	1.76	-	-
Other Long-Term Assets	86.81	66.9	106.56	162.6	303.65	136.63
Total Assets	5,453	5,503	4,928	4,724	5,083	12,112
Accounts Payable	157.37	146.3	127.32	59.99	89.84	353.78
Accrued Expenses	650.05	432.45	369	332.23	402.25	657.37
Current Portion of Long-Term Debt	-	-	-	-	-	270
Current Portion of Leases	103.78	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	777.67	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	1,689	1,441	1,082	783.87	902.58	3,374
Long-Term Debt	-	-	-	-	-	2,300
Long-Term Leases	269.55	244.9	176.61	115.55	175.99	1,194
Long-Term Unearned Revenue	44.98	46.96	27.99	2.47	0.01	30.01
Long-Term Deferred Tax Liabilities	13.74	3.47	2.36	1.56	1.68	10.33
Total Liabilities	2,017	1,737	1,289	903.44	1,080	6,908
Common Stock	0.2	0.2	0.2	0.22	0.22	0.22
Additional Paid-In Capital	3,781	4,295	4,257	4,401	4,358	4,369
Retained Earnings	-289.18	-444.54	-529.13	-525.56	-389.95	746.17
Treasury Stock	-0.02	-	-	-0.01	-	-
Comprehensive Income & Other	-56.59	-83.91	-65.93	-30.67	61.62	86.32
Total Common Equity	3,436	3,767	3,662	3,845	4,030	5,202
Minority Interest	-0.29	-0.17	-23.33	-23.73	-27.89	2.73
Shareholders' Equity	3,435	3,766	3,639	3,821	4,002	5,205
Total Liabilities & Equity	5,453	5,503	4,928	4,724	5,083	12,112
Total Debt	373.33	333.35	239.22	157.72	242.09	4,146
Net Cash (Debt)	2,875	3,285	3,064	3,014	2,467	1,791
Net Cash Growth	-7.42%	7.21%	1.67%	22.18%	37.70%	154.99%
Net Cash Per Share	4.75	5.34	5.02	4.73	3.83	2.93
Filing Date Shares Outstanding	569.5	608.47	605.56	638.49	648.8	644.82
Total Common Shares Outstanding	569.5	608.32	604.23	636.96	647.83	644.81
Working Capital	2,163	2,686	2,617	2,685	2,727	4,783
Book Value Per Share	6.03	6.19	6.06	6.04	6.22	8.07
Tangible Book Value	3,157	3,584	3,473	3,650	3,811	4,465
Tangible Book Value Per Share	5.54	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

Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q