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$8.8B making its interest coverage ratio 15.8. 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 | 15.8x |
| 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
Cemig: A Solid Pick For Dividends In Brazil
Sep 04CEMIG Q1: Lukewarm Results And Few Updates Regarding Risks
May 24CEMIG: Remote Chance Of Federalization Opens Up A Great Buying Point
Mar 26Cemig: A DCF Evaluation With Limited Upside Pre-Privatization
Oct 10Cemig: Neutral Outlook Amidst Privatization Uncertainties
Jul 13Companhia Energética de Minas Gerais: Interesting Energy Play To Watch
Sep 12Companhia Energética de Minas Gerais revenue of R$8.21B
Aug 15Companhia Energetica: Strong Return On Capital Performer
Jul 28Companhia Energetica: Low Priced Stock Brings Opportunity
Jan 01Companhia Energética de Minas Gerais 2020 Q3 - Results - Earnings Call Presentation
Nov 17Financial Position Analysis
Short Term Liabilities: CIG's short term assets (R$16.3B) exceed its short term liabilities (R$15.6B).
Long Term Liabilities: CIG'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: CIG's net debt to equity ratio (25%) is considered satisfactory.
Reducing Debt: CIG's debt to equity ratio has reduced from 88.2% to 50.4% over the past 5 years.
Debt Coverage: CIG's debt is well covered by operating cash flow (46.4%).
Interest Coverage: CIG's interest payments on its debt are well covered by EBIT (15.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 23:19 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Companhia Energética de Minas Gerais - CEMIG is covered by 28 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexandre Ulm de Freitas | Agora Senior |
| Felipe Mattar | Barclays |
| Arthur Pereira | BofA Global Research |