Companhia Energética de Minas Gerais - CEMIG Balance Sheet Health
Financial Health criteria checks 5/6
Companhia Energética de Minas Gerais - CEMIG has a total shareholder equity of R$28.1B and total debt of R$14.1B, which brings its debt-to-equity ratio to 50.4%. Its total assets and total liabilities are R$63.0B and R$34.9B respectively. Companhia Energética de Minas Gerais - CEMIG's EBIT is R$10.4B making its interest coverage ratio 18.7. It has cash and short-term investments of R$7.1B.
Key information
50.4%
Debt to equity ratio
R$14.13b
Debt
| Interest coverage ratio | 18.7x |
| Cash | R$7.12b |
| Equity | R$28.07b |
| Total liabilities | R$34.94b |
| Total assets | R$63.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMIG4's short term assets (R$16.3B) exceed its short term liabilities (R$15.6B).
Long Term Liabilities: CMIG4's short term assets (R$16.3B) do not cover its long term liabilities (R$19.3B).
Debt to Equity History and Analysis
Debt Level: CMIG4's net debt to equity ratio (25%) is considered satisfactory.
Reducing Debt: CMIG4's debt to equity ratio has reduced from 88.2% to 50.4% over the past 5 years.
Debt Coverage: CMIG4's debt is well covered by operating cash flow (46.4%).
Interest Coverage: CMIG4's interest payments on its debt are well covered by EBIT (18.7x coverage).