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$25.4B and total debt of R$11.6B, which brings its debt-to-equity ratio to 45.7%. Its total assets and total liabilities are R$57.4B and R$32.0B respectively. Companhia Energética de Minas Gerais - CEMIG's EBIT is R$6.9B making its interest coverage ratio 11.9. It has cash and short-term investments of R$4.9B.
Key information
45.7%
Debt to equity ratio
R$11.63b
Debt
Interest coverage ratio | 11.9x |
Cash | R$4.89b |
Equity | R$25.42b |
Total liabilities | R$32.02b |
Total assets | R$57.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIDS's short term assets (R$14.8B) exceed its short term liabilities (R$12.8B).
Long Term Liabilities: CIDS's short term assets (R$14.8B) do not cover its long term liabilities (R$19.2B).
Debt to Equity History and Analysis
Debt Level: CIDS's net debt to equity ratio (26.5%) is considered satisfactory.
Reducing Debt: CIDS's debt to equity ratio has reduced from 84.5% to 45.7% over the past 5 years.
Debt Coverage: CIDS's debt is well covered by operating cash flow (63%).
Interest Coverage: CIDS's interest payments on its debt are well covered by EBIT (11.9x coverage).