Companhia Distribuidora de Gás do Rio de Janeiro - CEG Balance Sheet Health
Financial Health criteria checks 3/6
Companhia Distribuidora de Gás do Rio de Janeiro - CEG has a total shareholder equity of R$1.4B and total debt of R$1.2B, which brings its debt-to-equity ratio to 87.7%. Its total assets and total liabilities are R$4.5B and R$3.1B respectively. Companhia Distribuidora de Gás do Rio de Janeiro - CEG's EBIT is R$1.0B making its interest coverage ratio 6.4. It has cash and short-term investments of R$517.0M.
Key information
87.7%
Debt to equity ratio
R$1.22b
Debt
| Interest coverage ratio | 6.4x |
| Cash | R$516.97m |
| Equity | R$1.39b |
| Total liabilities | R$3.14b |
| Total assets | R$4.53b |
Recent financial health updates
Does Companhia Distribuidora de Gás do Rio de Janeiro - CEG (BVMF:CEGR3) Have A Healthy Balance Sheet?
Apr 18
Does Companhia Distribuidora de Gás do Rio de Janeiro - CEG (BVMF:CEGR3) Have A Healthy Balance Sheet?
Jan 12
Recent updates
Returns On Capital Are A Standout For Companhia Distribuidora de Gás do Rio de Janeiro - CEG (BVMF:CEGR3)
Apr 07Companhia Distribuidora de Gás do Rio de Janeiro - CEG (BVMF:CEGR3) Looks To Prolong Its Impressive Returns
Dec 30Companhia Distribuidora de Gás do Rio de Janeiro - CEG (BVMF:CEGR3) May Have Issues Allocating Its Capital
Aug 17Companhia Distribuidora de Gás do Rio de Janeiro - CEG (BVMF:CEGR3) Is Reinvesting To Multiply In Value
May 09Does Companhia Distribuidora de Gás do Rio de Janeiro - CEG (BVMF:CEGR3) Have A Healthy Balance Sheet?
Apr 18Companhia Distribuidora de Gás do Rio de Janeiro - CEG's (BVMF:CEGR3) Stock Is Going Strong: Have Financials A Role To Play?
Feb 26Here's What Companhia Distribuidora de Gás do Rio de Janeiro - CEG's (BVMF:CEGR3) Strong Returns On Capital Means
Feb 03Does Companhia Distribuidora de Gás do Rio de Janeiro - CEG (BVMF:CEGR3) Have A Healthy Balance Sheet?
Jan 12Did You Participate In Any Of Companhia Distribuidora de Gás do Rio de Janeiro - CEG's (BVMF:CEGR3) Fantastic 243% Return ?
Dec 22Financial Position Analysis
Short Term Liabilities: CEGR3's short term assets (R$1.2B) exceed its short term liabilities (R$1.1B).
Long Term Liabilities: CEGR3's short term assets (R$1.2B) do not cover its long term liabilities (R$2.1B).
Debt to Equity History and Analysis
Debt Level: CEGR3's net debt to equity ratio (50.5%) is considered high.
Reducing Debt: CEGR3's debt to equity ratio has increased from 69.8% to 87.7% over the past 5 years.
Debt Coverage: CEGR3's debt is well covered by operating cash flow (59%).
Interest Coverage: CEGR3's interest payments on its debt are well covered by EBIT (6.4x coverage).