China Mengniu Dairy Balance Sheet Health
Financial Health criteria checks 3/6
China Mengniu Dairy has a total shareholder equity of CN¥51.1B and total debt of CN¥40.4B, which brings its debt-to-equity ratio to 79%. Its total assets and total liabilities are CN¥116.7B and CN¥65.6B respectively. China Mengniu Dairy's EBIT is CN¥5.0B making its interest coverage ratio -226.7. It has cash and short-term investments of CN¥24.9B.
Key information
79.0%
Debt to equity ratio
CN¥40.39b
Debt
Interest coverage ratio | -226.7x |
Cash | CN¥24.88b |
Equity | CN¥51.12b |
Total liabilities | CN¥65.60b |
Total assets | CN¥116.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EZQ's short term assets (CN¥37.2B) do not cover its short term liabilities (CN¥37.7B).
Long Term Liabilities: EZQ's short term assets (CN¥37.2B) exceed its long term liabilities (CN¥27.9B).
Debt to Equity History and Analysis
Debt Level: EZQ's net debt to equity ratio (30.3%) is considered satisfactory.
Reducing Debt: EZQ's debt to equity ratio has increased from 43.3% to 79% over the past 5 years.
Debt Coverage: EZQ's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: EZQ earns more interest than it pays, so coverage of interest payments is not a concern.