Quality Online Education Group (Quality Online Education Group) Total Liabilities : $5.37 Mil (As of May. 2023)

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What is Quality Online Education Group Total Liabilities?

Quality Online Education Group's Total Liabilities for the quarter that ended in May. 2023 was $5.37 Mil.

Quality Online Education Group's quarterly Total Liabilities increased from Nov. 2022 ($2.54 Mil) to Feb. 2023 ($3.95 Mil) and increased from Feb. 2023 ($3.95 Mil) to May. 2023 ($5.37 Mil).

Quality Online Education Group's annual Total Liabilities declined from Aug. 2014 ($7.20 Mil) to Aug. 2021 ($1.70 Mil) but then increased from Aug. 2021 ($1.70 Mil) to Aug. 2022 ($1.97 Mil).

Quality Online Education Group Total Liabilities Historical Data

The historical data trend for Quality Online Education Group's Total Liabilities 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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Quality Online Education Group Total Liabilities Chart

Quality Online Education Group Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Aug13

Aug14

Aug21

Aug22

Total Liabilities

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0.24

4.85

7.20

1.70

1.97

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
Total Liabilities	Get a 7-Day Free Trial															-	1.97	2.54	3.95	5.37

Quality Online Education Group Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Quality Online Education Group's Total Liabilities for the fiscal year that ended in Aug. 2022 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	1.874	+	(0	+	0.092
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	1.97

Total Liabilities	=	Total Assets (A: Aug. 2022 )	-	Total Equity (A: Aug. 2022 )
	=	0.984	-	-0.982
	=	1.97

Quality Online Education Group's Total Liabilities for the quarter that ended in May. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	5.282	+	(0	+	0.088
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	5.37

Total Liabilities	=	Total Assets (Q: May. 2023 )	-	Total Equity (Q: May. 2023 )
	=	1.982	-	-3.388
	=	5.37

Quality Online Education Group Total Liabilities Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Quality Online Education Group Inc (OTCPK:QOEG) » Definitions » Total Liabilities

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9

Website

https://www.qualityonline.education

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