Companhia Distribuidora de Gás do Rio de Janeiro - CEG Balance Sheet Health
Financial Health criteria checks 2/6
Companhia Distribuidora de Gás do Rio de Janeiro - CEG has a total shareholder equity of R$1.5B and total debt of R$1.2B, which brings its debt-to-equity ratio to 78.4%. Its total assets and total liabilities are R$4.7B and R$3.2B respectively. Companhia Distribuidora de Gás do Rio de Janeiro - CEG's EBIT is R$908.6M making its interest coverage ratio 6.4. It has cash and short-term investments of R$525.3M.
Key information
78.4%
Debt to equity ratio
R$1.19b
Debt
| Interest coverage ratio | 6.4x |
| Cash | R$525.26m |
| Equity | R$1.52b |
| Total liabilities | R$3.22b |
| Total assets | R$4.74b |
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$1.3B) do not cover its short term liabilities (R$1.3B).
Long Term Liabilities: CEGR3's short term assets (R$1.3B) do not cover its long term liabilities (R$1.9B).
Debt to Equity History and Analysis
Debt Level: CEGR3's net debt to equity ratio (43.8%) is considered high.
Reducing Debt: CEGR3's debt to equity ratio has increased from 59.3% to 78.4% over the past 5 years.
Debt Coverage: CEGR3's debt is well covered by operating cash flow (54.8%).
Interest Coverage: CEGR3's interest payments on its debt are well covered by EBIT (6.4x coverage).