Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Interest Expense : $-466 Mil (TTM As of Sep. 2023)

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What is Cia Energetica DE Minas Gerais - Cemig Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cia Energetica DE Minas Gerais - Cemig's interest expense for the three months ended in Sep. 2023 was $ -57 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-466 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Cia Energetica DE Minas Gerais - Cemig's Operating Income for the three months ended in Sep. 2023 was $ 319 Mil. Cia Energetica DE Minas Gerais - Cemig's Interest Expense for the three months ended in Sep. 2023 was $ -57 Mil. Cia Energetica DE Minas Gerais - Cemig's Interest Coverage for the quarter that ended in Sep. 2023 was 5.60. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cia Energetica DE Minas Gerais - Cemig Interest Expense Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cia Energetica DE Minas Gerais - Cemig Interest Expense Chart

Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-335.27

-310.15

-273.49

-356.15

-470.89

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-45.39	-308.27	-46.46	-54.37	-57.10

Cia Energetica DE Minas Gerais - Cemig Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-466 Mil.

Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cia Energetica DE Minas Gerais - Cemig's Interest Expense for the three months ended in Sep. 2023 was $-57 Mil. Its Operating Income for the three months ended in Sep. 2023 was $319 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $2,283 Mil.

Cia Energetica DE Minas Gerais - Cemig's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	319.475	/	-57.1
	=	5.60

The higher the ratio, the stronger the company's financial strength is.

Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CIG.C:USA CIGN:Mexico XCMIG:Spain CIDS:Germany CIDA:Germany CID:Germany CIDA:Germany CID:Germany CMIG4:Brazil CMIG3:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.