TAL · CIK 0001499620 · FY2026 live · 2026-02-28
TAL Education Group
View as
Model
Z″
FY2026
4.37
Zone
Safe
Prior
—
Market DD
—
1y PD
—
4.37
Classic Z 2.10
Z″ 4.37 · distress below 1.10, grey to 2.60, safe above.
Z″ factor contributions
X1 Working capital / assets
Short-term liquidity. Carries more weight in Z″ than in classic Z.
0.356.56 × = 2.29X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−0.023.26 × = −0.07X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
0.056.72 × = 0.31X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
1.751.05 × = 1.83
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.
Overview
rule-v1
TAL Education Group is on Z″ at 4.37 (safe) for FY2026, from an SEC 10-K. Working capital / assets is the line that sets the print; book equity / liabilities is the runner-up. This is the first live year on the desk. No market tape loaded. Z″ drops sales/assets so asset-light names are not punished for turnover. X4 is book equity on every name.
Book screen Safe; market PD —. Tape not priced — not a single default call.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Z″ scores · 83rd percentile in Unclassified.
KPI widgets
Current assets
$3.8B
Total assets
$5.9B
Current liabilities
$1.8B
Total liabilities
$2.2B
Working capital
$2.1B
Retained earnings
−$130M
EBIT
$276M
Total sales
$3.0B
Book equity
$3.8B
Accession 0001104659-26-073410. Live rank is the latest 10-K on EDGAR (FY2026, period 2026-02-28). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.