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
CEMIG 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$14.8B) exceed its short term liabilities (R$12.8B).
Long Term Liabilities: CIG'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: CIG's net debt to equity ratio (26.5%) is considered satisfactory.
Reducing Debt: CIG's debt to equity ratio has reduced from 84.5% to 45.7% over the past 5 years.
Debt Coverage: CIG's debt is well covered by operating cash flow (63%).
Interest Coverage: CIG's interest payments on its debt are well covered by EBIT (11.9x coverage).