Energy Company of Minas Gerais (Energy Company of Minas Gerais) Equity-to-Asset : 0.44 (As of Sep. 2023)

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

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Energy Company of Minas Gerais's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $4,946 Mil. Energy Company of Minas Gerais's Total Assets for the quarter that ended in Sep. 2023 was $11,372 Mil. Therefore, Energy Company of Minas Gerais's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.44.

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

CEMCF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.24 Med: 0.34 Max: 0.44
Current: 0.44

During the past 13 years, the highest Equity to Asset Ratio of Energy Company of Minas Gerais was 0.44. The lowest was 0.24. And the median was 0.34.

CEMCF's Equity-to-Asset is ranked better than
62.76% of 521 companies
in the Utilities - Regulated industry
Industry Median: 0.38 vs CEMCF: 0.44

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

The historical data trend for Energy Company of Minas Gerais's Equity-to-Asset 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 Equity-to-Asset Chart

Energy Company of Minas Gerais Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.24

0.32

0.37

0.41

Energy Company of Minas Gerais Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.39	0.41	0.42	0.43	0.44

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

For the Utilities - Diversified subindustry, Energy Company of Minas Gerais's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Utilities - Regulated Industry

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

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

Energy Company of Minas Gerais Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Energy Company of Minas Gerais's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	4151.828	/	10232.013
	=	0.41

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

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	4946.038	/	11372.223
	=	0.43

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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Energy Company of Minas Gerais Equity-to-Asset 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 » Equity-to-Asset

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.