China Mengniu Dairy Balance Sheet Health
Financial Health criteria checks 5/6
China Mengniu Dairy has a total shareholder equity of CN¥50.7B and total debt of CN¥37.4B, which brings its debt-to-equity ratio to 73.9%. Its total assets and total liabilities are CN¥115.2B and CN¥64.6B respectively. China Mengniu Dairy's EBIT is CN¥5.5B making its interest coverage ratio -51.3. It has cash and short-term investments of CN¥21.0B.
Key information
73.9%
Debt to equity ratio
CN¥37.42b
Debt
Interest coverage ratio | -51.3x |
Cash | CN¥20.98b |
Equity | CN¥50.65b |
Total liabilities | CN¥64.57b |
Total assets | CN¥115.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIAD.F's short term assets (CN¥34.1B) exceed its short term liabilities (CN¥32.6B).
Long Term Liabilities: CIAD.F's short term assets (CN¥34.1B) exceed its long term liabilities (CN¥32.0B).
Debt to Equity History and Analysis
Debt Level: CIAD.F's net debt to equity ratio (32.5%) is considered satisfactory.
Reducing Debt: CIAD.F's debt to equity ratio has increased from 48.4% to 73.9% over the past 5 years.
Debt Coverage: CIAD.F's debt is well covered by operating cash flow (26.8%).
Interest Coverage: CIAD.F earns more interest than it pays, so coverage of interest payments is not a concern.