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Quality Online Education Group (Quality Online Education Group) Liabilities-to-Assets : 2.71 (As of May. 2023)


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What is Quality Online Education Group Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Quality Online Education Group's Total Liabilities for the quarter that ended in May. 2023 was $5.37 Mil. Quality Online Education Group's Total Assets for the quarter that ended in May. 2023 was $1.98 Mil. Therefore, Quality Online Education Group's Liabilities-to-Assets Ratio for the quarter that ended in May. 2023 was 2.71.


Quality Online Education Group Liabilities-to-Assets Historical Data

The historical data trend for Quality Online Education Group's Liabilities-to-Assets 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.

* Premium members only.

Quality Online Education Group Liabilities-to-Assets Chart

Quality Online Education Group Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Aug13 Aug14 Aug21 Aug22
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.02 0.82 1.34 2.00

Quality Online Education Group Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 2.00 2.86 2.22 2.71

Competitive Comparison of Quality Online Education Group's Liabilities-to-Assets

For the Education & Training Services subindustry, Quality Online Education Group's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Quality Online Education Group's Liabilities-to-Assets Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Quality Online Education Group's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Quality Online Education Group's Liabilities-to-Assets falls into.



Quality Online Education Group Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Quality Online Education Group's Liabilities-to-Assets Ratio for the fiscal year that ended in Aug. 2022 is calculated as:

Liabilities-to-Assets (A: Aug. 2022 )=Total Liabilities/Total Assets
=1.966/0.984
=2.00

Quality Online Education Group's Liabilities-to-Assets Ratio for the quarter that ended in May. 2023 is calculated as

Liabilities-to-Assets (Q: May. 2023 )=Total Liabilities/Total Assets
=5.37/1.982
=2.71

* 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.


Quality Online Education Group  (OTCPK:QOEG) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Quality Online Education Group Liabilities-to-Assets Related Terms

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Quality Online Education Group (Quality Online Education Group) Business Description

Traded in Other Exchanges
N/A
Address
55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9
Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.
Executives
Amanda Anderson director UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Fu Kei Man Derek director 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yin Yee Tso director, officer: Chief Operating Officer UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Yee Tong 10 percent owner UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Lai Ying Li director, officer: Chairman, CEO, CFO and Sec. UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Shan Tong 10 percent owner UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yiu Kwong Pang director UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR