Cia Energetica DE Minas Gerais - Cemig (XMAD:XCMIG) LT-Debt-to-Total-Asset : 0.13 (As of Jun. 2024)

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What is Cia Energetica DE Minas Gerais - Cemig LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Cia Energetica DE Minas Gerais - Cemig's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.13.

Cia Energetica DE Minas Gerais - Cemig's long-term debt to total assets ratio declined from Jun. 2023 (0.21) to Jun. 2024 (0.13). It may suggest that Cia Energetica DE Minas Gerais - Cemig is progressively becoming less dependent on debt to grow their business.

Cia Energetica DE Minas Gerais - Cemig LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig's LT-Debt-to-Total-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.

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Cia Energetica DE Minas Gerais - Cemig LT-Debt-to-Total-Asset Chart

Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.19

0.14

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.20	0.14	0.16	0.13

Cia Energetica DE Minas Gerais - Cemig LT-Debt-to-Total-Asset Calculation

Cia Energetica DE Minas Gerais - Cemig's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1413.922	/	10293.277
	=	0.14

Cia Energetica DE Minas Gerais - Cemig's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	1266.011	/	9786.745
	=	0.13

Cia Energetica DE Minas Gerais - Cemig (XMAD:XCMIG) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Cia Energetica DE Minas Gerais - Cemig LT-Debt-to-Total-Asset Related Terms

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Cia Energetica DE Minas Gerais - Cemig Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (XMAD:XCMIG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CIG.C:USA CIG:USA CIGN:Mexico 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.

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