China Mengniu Dairy Co (China Mengniu Dairy Co) Debt-to-Equity : 1.12 (As of Jun. 2023)

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What is China Mengniu Dairy Co Debt-to-Equity?

China Mengniu Dairy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1,679 Mil. China Mengniu Dairy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $4,896 Mil. China Mengniu Dairy Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $5,853 Mil. China Mengniu Dairy Co's debt to equity for the quarter that ended in Jun. 2023 was 1.12.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for China Mengniu Dairy Co's Debt-to-Equity or its related term are showing as below:

CIADY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.62 Max: 1.12
Current: 0.84

During the past 13 years, the highest Debt-to-Equity Ratio of China Mengniu Dairy Co was 1.12. The lowest was 0.41. And the median was 0.62.

CIADY's Debt-to-Equity is ranked worse than
73% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs CIADY: 0.84

China Mengniu Dairy Co Debt-to-Equity Historical Data

The historical data trend for China Mengniu Dairy Co's Debt-to-Equity 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.

China Mengniu Dairy Co Debt-to-Equity Chart

China Mengniu Dairy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.81

0.57

0.73

0.98

0.84

China Mengniu Dairy Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.73	0.93	0.98	1.12	0.84

Competitive Comparison of China Mengniu Dairy Co's Debt-to-Equity

For the Packaged Foods subindustry, China Mengniu Dairy Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

China Mengniu Dairy Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Mengniu Dairy Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Mengniu Dairy Co's Debt-to-Equity falls into.

China Mengniu Dairy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Mengniu Dairy Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1304.52	+	4305.103)	/	5751.616
	=	0.98

China Mengniu Dairy Co's Debt to Equity Ratio for the quarter that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1678.695	+	4896.45)	/	5852.994
	=	1.12

China Mengniu Dairy Co (OTCPK:CIADY) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

China Mengniu Dairy Co Debt-to-Equity Related Terms

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China Mengniu Dairy Co (China Mengniu Dairy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Mengniu Dairy Co Ltd (OTCPK:CIADY) » Definitions » Debt-to-Equity

Traded in Other Exchanges

CIADF:USA 02319:Hong Kong EZQ:Germany

Address

262 Gloucester Road, Causeway Bay, 32nd Floor, COFCO Tower, Hong Kong, HKG

Website

https://www.mengniuir.com

China Mengniu Dairy, or Mengniu, is China's second-largest dairy producer by market share. The company produces a wide range of dairy products including liquid milk, ice cream, milk formula and cheese. Liquid milk, composed of milk, milk beverages and yogurt, contributed close to 80% of Mengniu's revenue in 2022. Flagship lineups include Deluxe, Mengniu Pure Milk, Just Yogurt and Yoyi C. Mengniu also owns two infant formula brands including Yashili and Bellamy as well as Milkground, a cheese brand.

China Mengniu Dairy Co (China Mengniu Dairy Co) Headlines

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