Companhia Energética de Minas Gerais (CIG-C) Current Ratio
Market Cap: $5.74B
Avg Volume: 4.30K
Industry: Diversified Utilities
Sector: Utilities
Companhia Energética de Minas Gerais Current Ratio
- Annual: 0.91
- Quarterly: 1.04
- TTM: 1.04
What is the Current Ratio?
The current ratio is a liquidity ratio that measures a company's ability to pay off its short-term liabilities with its short-term assets. A higher current ratio indicates a greater ability to meet short-term obligations.
Related Metrics
Other important metrics to assess Companhia Energética de Minas Gerais's financial health include:
- Quick Ratio - measures the company's ability to meet short-term obligations with its most liquid assets:
- Annual: 0.91
- Quarterly: 1.04
- TTM: 1.04
- Cash Ratio - measures the company's ability to pay off short-term liabilities with cash and cash equivalents:
- Annual: 0.12
- Quarterly: 0.23
- TTM: 0.23
These metrics provide insights into Companhia Energética de Minas Gerais's financial health and its ability to meet short-term obligations. Comparing these ratios with industry benchmarks can offer a deeper understanding of the company's performance.
Annual Current Ratio
0.91
Quarterly Current Ratio
1.04
TTM Current Ratio
1.04
Companhia Energética de Minas Gerais Historical Current Ratio
Historical Quick Ratio
Historical Cash Ratio
Companhia Energética de Minas Gerais Historical Ratios
The table below shows various financial metrics for each year, with the latest data available for the last fiscal year 2023.
| Year | Current Ratio | Quick Ratio | Cash Ratio |
|---|---|---|---|
| 2023 | 0.91 | 0.91 | 0.12 |
| 2022 | 1.20 | 1.20 | 0.13 |
| 2021 | 1.21 | 1.21 | 0.08 |
| 2020 | 1.60 | 1.60 | 0.17 |
| 2019 | 1.16 | 1.15 | 0.06 |
| 2018 | 1.19 | 1.19 | 0.04 |
| 2017 | 0.99 | 0.98 | 0.12 |
| 2016 | 0.72 | 0.72 | 0.09 |
| 2015 | 0.72 | 0.71 | 0.07 |
| 2014 | 0.65 | 0.64 | 0.09 |
Related Metrics
Explore detailed financial metrics and analysis for CIG-C.