China Mengniu Dairy Co (HKSE:02319) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2023)

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What is China Mengniu Dairy Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. China Mengniu Dairy Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.24.

China Mengniu Dairy Co's long-term debt to total assets ratio declined from Dec. 2022 (0.26) to Dec. 2023 (0.24). It may suggest that China Mengniu Dairy Co is progressively becoming less dependent on debt to grow their business.

China Mengniu Dairy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Mengniu Dairy Co's LT-Debt-to-Total-Asset 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.

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China Mengniu Dairy Co LT-Debt-to-Total-Asset Chart

China Mengniu Dairy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.18

0.23

0.26

0.24

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.23	0.27	0.26	0.28	0.24

China Mengniu Dairy Co LT-Debt-to-Total-Asset Calculation

China Mengniu Dairy Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	30192.473	/	126025.15
	=	0.24

China Mengniu Dairy Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	30192.473	/	126025.15
	=	0.24

China Mengniu Dairy Co (HKSE:02319) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

China Mengniu Dairy Co LT-Debt-to-Total-Asset Related Terms

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China Mengniu Dairy Co (HKSE:02319) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Mengniu Dairy Co Ltd (HKSE:02319) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CIADY:USA CIADF:USA 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.

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