Companhia Energética de Minas Gerais - CEMIG Balance Sheet Health
Financial Health criteria checks 4/6
Companhia Energética de Minas Gerais - CEMIG has a total shareholder equity of R$26.7B and total debt of R$11.6B, which brings its debt-to-equity ratio to 43.6%. Its total assets and total liabilities are R$56.7B and R$30.1B respectively. Companhia Energética de Minas Gerais - CEMIG's EBIT is R$7.5B making its interest coverage ratio 12.8. It has cash and short-term investments of R$3.4B.
Key information
43.6%
Debt to equity ratio
R$11.64b
Debt
| Interest coverage ratio | 12.8x |
| Cash | R$3.40b |
| Equity | R$26.68b |
| Total liabilities | R$30.06b |
| Total assets | R$56.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMIG4's short term assets (R$13.1B) do not cover its short term liabilities (R$13.6B).
Long Term Liabilities: CMIG4's short term assets (R$13.1B) do not cover its long term liabilities (R$16.4B).
Debt to Equity History and Analysis
Debt Level: CMIG4's net debt to equity ratio (30.9%) is considered satisfactory.
Reducing Debt: CMIG4's debt to equity ratio has reduced from 73.6% to 43.6% over the past 5 years.
Debt Coverage: CMIG4's debt is well covered by operating cash flow (58.6%).
Interest Coverage: CMIG4's interest payments on its debt are well covered by EBIT (12.8x coverage).