Companhia Energética de Minas Gerais (CMIG4.SA) Debt Metrics
Market Cap: $33.88B
Avg Volume: 13.06M
Industry: Diversified Utilities
Sector: Utilities
How much debt does Companhia Energética de Minas Gerais have?
According to Companhia Energética de Minas Gerais's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Companhia Energética de Minas Gerais's total debt stands at $10.26B. This is broken down into:
- Long-term debt: $7.55B
- Short-term debt: $2.71B
The company's net debt, which accounts for cash and cash equivalents, is $8.73B. In terms of overall financial obligations, Companhia Energética de Minas Gerais's total liabilities amount to $30.34B.
Debt Ratios and Metrics
To better understand Companhia Energética de Minas Gerais's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.45 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 18.66% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 5.73 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 24.01% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 31.05% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Companhia Energética de Minas Gerais's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$10.26B
Long-term Debt
$7.55B
Short-term Debt
$2.71B
Net Debt
$8.73B
Total Liabilities
$30.34B
Interest Coverage
5.73
Debt to Equity Ratio
0.45
Debt Ratio
18.66%
Companhia Energética de Minas Gerais Historical Debt Metrics
Companhia Energética de Minas Gerais Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2023.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $10.26B | $7.55B | $2.71B | $8.73B | $30.34B | 0.45 | 18.66% | 5.73 | 24.01% | 31.05% |
| 2022 | $10.94B | $9.92B | $1.01B | $9.49B | $31.89B | 0.50 | 20.37% | 2.30 | 30.65% | 33.43% |
| 2021 | $11.61B | $10.08B | $1.53B | $10.78B | $32.58B | 0.60 | 22.30% | 3.45 | 33.72% | 37.37% |
| 2020 | $15.25B | $13.14B | $2.11B | $13.57B | $36.60B | 0.87 | 28.19% | 3.96 | 42.59% | 46.60% |
| 2019 | $15.06B | $12.23B | $2.83B | $14.53B | $34.87B | 1.00 | 30.17% | 3.68 | 44.42% | 50.02% |
| 2018 | $14.77B | $12.57B | $2.15B | $13.88B | $43.91B | 1.01 | 24.68% | 1.89 | 46.31% | 50.33% |
| 2017 | $14.40B | $12.03B | $2.37B | $13.37B | $27.91B | 1.01 | 34.09% | 1.47 | 45.64% | 50.13% |
| 2016 | $15.18B | $10.34B | $4.84B | $14.18B | $29.10B | 1.17 | 36.11% | 0.73 | 44.44% | 54.00% |
| 2015 | $15.17B | $8.87B | $6.30B | $14.24B | $27.88B | 1.17 | 37.10% | 1.87 | 40.56% | 53.86% |
| 2014 | $13.51B | $8.22B | $5.29B | $12.62B | $23.71B | 1.20 | 38.60% | 5.42 | 42.15% | 54.49% |
Related Metrics
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