New Oriental Education & Technology Group (LTS:0K75) Interest Expense : $0 Mil (TTM As of Feb. 2024)

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What is New Oriental Education & Technology Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. New Oriental Education & Technology Group's interest expense for the three months ended in Feb. 2024 was $ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $0 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. New Oriental Education & Technology Group's Operating Income for the three months ended in Feb. 2024 was $ 113 Mil. New Oriental Education & Technology Group's Interest Expense for the three months ended in Feb. 2024 was $ 0 Mil. GuruFocus does not calculate New Oriental Education & Technology Group's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

New Oriental Education & Technology Group Interest Expense Historical Data

The historical data trend for New Oriental Education & Technology Group's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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New Oriental Education & Technology Group Interest Expense Chart

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

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May18

May19

May20

May21

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May23

Interest Expense

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-1.62

-4.63

-6.75

-4.05

-0.71

New Oriental Education & Technology Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

New Oriental Education & Technology Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

New Oriental Education & Technology Group (LTS:0K75) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

New Oriental Education & Technology Group's Interest Expense for the three months ended in Feb. 2024 was $0 Mil. Its Operating Income for the three months ended in Feb. 2024 was $113 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $386 Mil.

New Oriental Education & Technology Group's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

GuruFocus does not calculate New Oriental Education & Technology Group's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. New Oriental Education & Technology Group Inc has enough cash to cover all of its debt. Its financial situation is stable.

New Oriental Education & Technology Group (LTS:0K75) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » New Oriental Education & Technology Group Inc (LTS:0K75) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

EDU:USA EDUN:Mexico 09901:Hong Kong N1U0:Germany E1DU34:Brazil

Address

No. 6 Hai Dian Zhong Street, Haidian District, Beijing, CHN, 100080

Website

https://www.neworiental.org

New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. It also owns 55.7% of East Buy (HKG: 01797), a market leader in livestreaming e-commerce.

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