Cia Energetica DE Minas Gerais - Cemig (FRA:CIDS) Debt-to-Equity: 0.78 (As of Jun. 2026) — 11% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:CIDS Cia Energetica DE Minas Gerais - Cemig FRA:CIDS
72 GF Score
Price €2.22
GF Value €2.25
! 4 Warning Signs
View Full Analysis

What is Cia Energetica DE Minas Gerais - Cemig Debt-to-Equity?

Cia Energetica DE Minas Gerais - Cemig FRA:CIDS +1.83% 72 Debt-to-Equity is 0.78 as of Jun. 2026, which is 11% above its 10-year median of 0.70. GuruFocus rates FRA:CIDS with a GF Score™ of 72/100 and a GF Value™ of €2.25. The stock has 4 warning signs investors should review. Among 470 Utilities - Regulated companies, Cia Energetica DE Minas Gerais - Cemig ranks better than 56.6% on this metric.

Cia Energetica DE Minas Gerais - Cemig's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €274 Mil. Cia Energetica DE Minas Gerais - Cemig's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €3,580 Mil. Cia Energetica DE Minas Gerais - Cemig's Total Stockholders Equity for the quarter that ended in Jun. 2026 was €4,943 Mil. Cia Energetica DE Minas Gerais - Cemig's debt to equity for the quarter that ended in Jun. 2026 was 0.78.

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 Cia Energetica DE Minas Gerais - Cemig's Debt-to-Equity or its related term are showing as below:

FRA:CIDS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42   Med: 0.7   Max: 1.17
Current: 0.78

During the past 13 years, the highest Debt-to-Equity Ratio of Cia Energetica DE Minas Gerais - Cemig was 1.17. The lowest was 0.42. And the median was 0.70.

FRA:CIDS's Debt-to-Equity is ranked better than
56.6% of 470 companies
in the Utilities - Regulated industry
Industry Median: 0.99 vs FRA:CIDS: 0.78

Cia Energetica DE Minas Gerais - Cemig  (FRA:CIDS) 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.


Cia Energetica DE Minas Gerais - Cemig Debt-to-Equity Related Terms


Cia Energetica DE Minas Gerais - Cemig Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Cia Energetica DE Minas Gerais - Cemig'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.

Cia Energetica DE Minas Gerais - Cemig Debt-to-Equity Chart

Cia Energetica DE Minas Gerais - Cemig Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.50 0.42 0.46 0.70

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.55 0.70 N/A 0.78

FRA:CIDS vs NEE, SO, DUK: Debt-to-Equity Comparison

For the Utilities - Regulated Electric subindustry, Cia Energetica DE Minas Gerais - Cemig'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.


Cia Energetica DE Minas Gerais - Cemig Debt-to-Equity vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig's Debt-to-Equity falls into.


FRA:CIDS
72GF Score
Cia Energetica DE Minas Gerais - Cemig FRA:CIDS
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cia Energetica DE Minas Gerais - Cemig Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cia Energetica DE Minas Gerais - Cemig's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Cia Energetica DE Minas Gerais - Cemig's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.78 mean?
Cia Energetica DE Minas Gerais - Cemig (FRA:CIDS) has a Debt-to-Equity of 0.78 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Cia Energetica DE Minas Gerais - Cemig and its competitors. This is 11% above median its historical median of 0.70. Over the past decade, Cia Energetica DE Minas Gerais - Cemig's Debt-to-Equity has ranged from 0.42 to 1.17. According to the industry distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #204 out of 470 companies in the Utilities - Regulated industry, placing it in the top 43.4%.
Is Cia Energetica DE Minas Gerais - Cemig's Debt-to-Equity too high?
Cia Energetica DE Minas Gerais - Cemig's current Debt-to-Equity of 0.78 is 11% above median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 1.17. The Utilities - Regulated industry median Debt-to-Equity is 0.99. Cia Energetica DE Minas Gerais - Cemig's value of 0.78 is 21.2% below this industry median. Based on the distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #204 out of 470 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Cia Energetica DE Minas Gerais - Cemig has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Cia Energetica DE Minas Gerais - Cemig's Debt-to-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #204 out of 470 companies for Debt-to-Equity. This puts Cia Energetica DE Minas Gerais - Cemig in the upper half of its industry. The industry median Debt-to-Equity is 0.99. Cia Energetica DE Minas Gerais - Cemig's value of 0.78 is 21.2% below this benchmark. Historically, Cia Energetica DE Minas Gerais - Cemig's own Debt-to-Equity has ranged from 0.42 to 1.17 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 0.99, Cia Energetica DE Minas Gerais - Cemig has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 0.99, based on 470 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cia Energetica DE Minas Gerais - Cemig's current Debt-to-Equity of 0.78 is 21.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Cia Energetica DE Minas Gerais - Cemig and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cia Energetica DE Minas Gerais - Cemig's current Debt-to-Equity is 0.78, which is 11% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cia Energetica DE Minas Gerais - Cemig stock overvalued right now?
Cia Energetica DE Minas Gerais - Cemig (FRA:CIDS) has a current Debt-to-Equity of 0.78. The stock's GF Value™ is €2.25, compared to a current price of €2.22 — trading 1.3% below its estimated fair value. The current Debt-to-Equity is 0.78, which is 11% above median its 10-year median of 0.70 and 21.2% below the Utilities - Regulated industry median of 0.99. Cia Energetica DE Minas Gerais - Cemig's overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Cia Energetica DE Minas Gerais - Cemig (FRA:CIDS), the current Debt-to-Equity is 0.78 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cia Energetica DE Minas Gerais - Cemig (FRA:CIDS) Overvalued in 2026?

Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig stock appears to be undervalued. The current stock price of €2.22 is trading 1.3% below its estimated GF Value™ of €2.25.

Key valuation signals for FRA:CIDS:

  • Debt-to-Equity: 0.78 (11% above median its 10-year median of 0.70)
  • GF Value™: €2.25 vs. price of €2.22 (1.3% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 21.2% below the Utilities - Regulated median (#204 of 470)

No single metric tells the full story. See the FRA:CIDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cia Energetica DE Minas Gerais - Cemig Business Description

Address Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131
Cia Energetica DE Minas Gerais - Cemig is a Brazilian energy company engaged in the generation, transmission, distribution, and commercialization of electricity, as well as natural gas distribution. The company operates through six segments: Generation, Transmission, Trading, Distribution, Gas, and Investees. Its activities include power generation mainly from hydroelectric sources, operation and maintenance of transmission and distribution infrastructure, electricity sales to captive and free-market customers, and gas distribution in Minas Gerais. The company derives a majority of its revenue from the Distribution segment, which comprises the distribution and sale of electricity to captive customers, and the operation and maintenance of infrastructure and related services.
72GF Score

Get the complete analysis for FRA:CIDS

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.22
Price
€2.25
GF Value