CIADF (China Mengniu Dairy Co) Debt-to-EBITDA : 29.33 (As of Dec. 2025) — 825% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CIADF China Mengniu Dairy Co Ltd CIADF
76 GF Score
Price $2.02
GF Value $1.93
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

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

China Mengniu Dairy Co CIADF -0.98% 76 Debt-to-EBITDA is 29.33 as of Dec. 2025, which is 825% above its 10-year median of 3.17. GuruFocus rates CIADF with a GF Score™ of 76/100 and a GF Value™ of $1.93 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,549 Consumer Packaged Goods companies, China Mengniu Dairy Co ranks worse than 85.02% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

China Mengniu Dairy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $1,970 Mil. China Mengniu Dairy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $1,635 Mil. China Mengniu Dairy Co's annualized EBITDA for the quarter that ended in Dec. 2025 was $123 Mil. China Mengniu Dairy Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 29.33.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

CIADF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.36   Med: 3.17   Max: 6.61
Current: 6.61

During the past 13 years, the highest Debt-to-EBITDA Ratio of China Mengniu Dairy Co was 6.61. The lowest was 2.36. And the median was 3.17.

CIADF's Debt-to-EBITDA is ranked worse than
85.02% of 1549 companies
in the Consumer Packaged Goods industry
Industry Median: 2.06 vs CIADF: 6.61

China Mengniu Dairy Co  (OTCPK:CIADF) Debt-to-EBITDA Explanation

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


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


China Mengniu Dairy Co Debt-to-EBITDA Related Terms


China Mengniu Dairy Co Debt-to-EBITDA Historical Data

* Premium members only.

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

China Mengniu Dairy Co Debt-to-EBITDA Chart

China Mengniu Dairy Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 3.72 3.35 5.90 3.52

China Mengniu Dairy Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-EBITDA 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 5.42 5.21 -11.40 4.31 29.33

CIADF vs KHC, GIS: Debt-to-EBITDA Comparison

For the Packaged Foods subindustry, China Mengniu Dairy Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Consumer Packaged Goods Industry

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

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


CIADF
76GF Score
China Mengniu Dairy Co Ltd CIADF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Mengniu Dairy Co Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

China Mengniu Dairy Co's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1969.859 + 1634.857) / 1022.827
=3.52

China Mengniu Dairy Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1969.859 + 1634.857) / 122.894
=29.33

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 29.33 mean?
China Mengniu Dairy Co (CIADF) has a Debt-to-EBITDA of 29.33 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on China Mengniu Dairy Co. This is 825% above median its historical median of 3.17. Over the past decade, China Mengniu Dairy Co's Debt-to-EBITDA has ranged from 2.36 to 6.61. According to the industry distribution chart, China Mengniu Dairy Co ranks #1317 out of 1549 companies in the Consumer Packaged Goods industry, placing it in the top 85%.
Is China Mengniu Dairy Co's Debt-to-EBITDA too high?
China Mengniu Dairy Co's current Debt-to-EBITDA of 29.33 is 825% above median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 2.36 to a high of 6.61. The Consumer Packaged Goods industry median Debt-to-EBITDA is 2.06. China Mengniu Dairy Co's value of 29.33 is 1323.8% above this industry median. Based on the distribution chart, China Mengniu Dairy Co ranks #1317 out of 1549 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, China Mengniu Dairy Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Mengniu Dairy Co's Debt-to-EBITDA compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, China Mengniu Dairy Co ranks #1317 out of 1549 companies for Debt-to-EBITDA. This places China Mengniu Dairy Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.06. China Mengniu Dairy Co's value of 29.33 is 1323.8% above this benchmark. Historically, China Mengniu Dairy Co's own Debt-to-EBITDA has ranged from 2.36 to 6.61 over the past decade. While the company's 10-year median is 3.17 vs. the industry median of 2.06, China Mengniu Dairy Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Consumer Packaged Goods company?
The median Debt-to-EBITDA among Consumer Packaged Goods companies is 2.06, based on 1,549 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Mengniu Dairy Co's current Debt-to-EBITDA of 29.33 is 1323.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on China Mengniu Dairy Co. For the Consumer Packaged Goods industry, the median Debt-to-EBITDA is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Mengniu Dairy Co's current Debt-to-EBITDA is 29.33, which is 825% above median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Mengniu Dairy Co stock overvalued right now?
Based on GuruFocus' analysis, China Mengniu Dairy Co (CIADF) is currently considered Fairly Valued. The stock's GF Value™ is $1.93, compared to a current price of $2.02 — trading 4.7% above its estimated fair value. The current Debt-to-EBITDA is 29.33, which is 825% above median its 10-year median of 3.17 and 1323.8% above the Consumer Packaged Goods industry median of 2.06. China Mengniu Dairy Co's overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For China Mengniu Dairy Co (CIADF), the current Debt-to-EBITDA is 29.33 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Mengniu Dairy Co (CIADF) Overvalued in 2026?

Based on GuruFocus' analysis, China Mengniu Dairy Co stock appears to be overvalued. The current stock price of $2.02 is trading 4.7% above its estimated GF Value™ of $1.93. GuruFocus considers China Mengniu Dairy Co to be Fairly Valued.

Key valuation signals for CIADF:

  • Debt-to-EBITDA: 29.33 (825% above median its 10-year median of 3.17)
  • GF Value™: $1.93 vs. price of $2.02 (4.7% above fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 1323.8% above the Consumer Packaged Goods median (#1317 of 1549)

No single metric tells the full story. See the CIADF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Mengniu Dairy Co Business Description

Address 262 Gloucester Road, Causeway Bay, 32nd Floor, COFCO Tower, Hong Kong, HKG
China Mengniu Dairy is China's second-largest dairy producer by market share. The company produces a wide range of dairy products, including liquid milk, yogurt, ice cream, infant milk formula, and cheese. Liquid milk, composed of milk, milk beverages, and yogurt, contributed roughly 80% of Mengniu's revenue in 2024. Flagship lineups include Deluxe, Mengniu Pure Milk, Just Yoghurt, and Yoyi C. Mengniu also owns two infant formula brands, Yashili and Bellamy, as well as Milkground, a cheese brand.
76GF Score

Get the complete analysis for CIADF

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.02
Price
$1.93
GF Value