China Mengniu Dairy Co (China Mengniu Dairy Co) Cash-to-Debt : 0.55 (As of Jun. 2023)

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

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. China Mengniu Dairy Co's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.55.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, China Mengniu Dairy Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

CIADY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 1.14 Max: 1.37
Current: 0.56

During the past 13 years, China Mengniu Dairy Co's highest Cash to Debt Ratio was 1.37. The lowest was 0.46. And the median was 1.14.

CIADY's Cash-to-Debt is ranked better than
51.38% of 1853 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs CIADY: 0.56

China Mengniu Dairy Co Cash-to-Debt Historical Data

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

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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China Mengniu Dairy Co Cash-to-Debt Chart

China Mengniu Dairy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.10

1.01

0.59

0.50

0.56

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
Cash-to-Debt	Get a 7-Day Free Trial															0.59	0.46	0.50	0.55	0.56

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

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

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

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

China Mengniu Dairy Co Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

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

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2810.394	/	(1304.52	+	4305.103)
	=	0.50

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

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3629.844	/	(1678.695	+	4896.45)
	=	0.55

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

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

China Mengniu Dairy Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of China Mengniu Dairy Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » Cash-to-Debt

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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