• China Mengniu Dairy average debt/equity ratio for 2023 was 0.62, a 3.33% decline from 2022.
• China Mengniu Dairy average debt/equity ratio for 2022 was 0.6, a 11.11% increase from 2021.
• China Mengniu Dairy average debt/equity ratio for 2021 was 0.54, a 31.71% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.