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$24.7B and total debt of R$9.8B, which brings its debt-to-equity ratio to 39.9%. Its total assets and total liabilities are R$55.0B and R$30.3B respectively. Companhia Energética de Minas Gerais - CEMIG's EBIT is R$7.1B making its interest coverage ratio 12.3. It has cash and short-term investments of R$2.7B.
Key information
39.9%
Debt to equity ratio
R$9.83b
Debt
| Interest coverage ratio | 12.3x |
| Cash | R$2.68b |
| Equity | R$24.66b |
| Total liabilities | R$30.34b |
| Total assets | R$55.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIDA's short term assets (R$11.9B) do not cover its short term liabilities (R$13.1B).
Long Term Liabilities: CIDA's short term assets (R$11.9B) do not cover its long term liabilities (R$17.3B).
Debt to Equity History and Analysis
Debt Level: CIDA's net debt to equity ratio (29%) is considered satisfactory.
Reducing Debt: CIDA's debt to equity ratio has reduced from 92.7% to 39.9% over the past 5 years.
Debt Coverage: CIDA's debt is well covered by operating cash flow (67.6%).
Interest Coverage: CIDA's interest payments on its debt are well covered by EBIT (12.3x coverage).