Energy Company of Minas Gerais (Energy Company of Minas Gerais) Debt-to-Equity : 0.42 (As of Dec. 2023)

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What is Energy Company of Minas Gerais Debt-to-Equity?

Energy Company of Minas Gerais's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $553 Mil. Energy Company of Minas Gerais's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,542 Mil. Energy Company of Minas Gerais's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5,031 Mil. Energy Company of Minas Gerais's debt to equity for the quarter that ended in Dec. 2023 was 0.42.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Energy Company of Minas Gerais's Debt-to-Equity or its related term are showing as below:

CEMCF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.97 Max: 1.2
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Energy Company of Minas Gerais was 1.20. The lowest was 0.42. And the median was 0.97.

CEMCF's Debt-to-Equity is ranked better than
70.71% of 478 companies
in the Utilities - Regulated industry
Industry Median: 0.845 vs CEMCF: 0.42

Energy Company of Minas Gerais Debt-to-Equity Historical Data

The historical data trend for Energy Company of Minas Gerais's Debt-to-Equity 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.

* Premium members only.

Energy Company of Minas Gerais Debt-to-Equity Chart

Energy Company of Minas Gerais Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.94

0.87

0.60

0.50

0.42

Energy Company of Minas Gerais Quarterly Data
	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.50	0.47	0.52	0.51	0.42

Competitive Comparison of Energy Company of Minas Gerais's Debt-to-Equity

For the Utilities - Diversified subindustry, Energy Company of Minas Gerais's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Energy Company of Minas Gerais's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Energy Company of Minas Gerais's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Energy Company of Minas Gerais's Debt-to-Equity falls into.

Energy Company of Minas Gerais Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Energy Company of Minas Gerais's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(552.88	+	1541.9)	/	5030.818
	=	0.42

Energy Company of Minas Gerais's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(552.88	+	1541.9)	/	5030.818
	=	0.42

Energy Company of Minas Gerais (OTCPK:CEMCF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Energy Company of Minas Gerais Debt-to-Equity Related Terms

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Energy Company of Minas Gerais (Energy Company of Minas Gerais) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Energy Company of Minas Gerais (OTCPK:CEMCF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CIG.C:USA CIG: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.