CIG.C (Cia Energetica DE Minas Gerais - Cemig) Total Current Assets : $2,425 Mil (As of Jun. 2024)

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What is Cia Energetica DE Minas Gerais - Cemig Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Cia Energetica DE Minas Gerais - Cemig's total current assets for the quarter that ended in Jun. 2024 was $2,425 Mil.

Cia Energetica DE Minas Gerais - Cemig Total Current Assets Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig's Total Current Assets 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 Total Current Assets Chart

Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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2,522.60

3,004.26

2,289.87

2,567.01

2,422.34

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
Total Current Assets	Get a 7-Day Free Trial															2,789.71	2,818.35	2,422.34	2,973.01	2,425.13

Cia Energetica DE Minas Gerais - Cemig Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Cia Energetica DE Minas Gerais - Cemig's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	637.781	+	1506.184	+	0	+	278.379
	=	2,422

Cia Energetica DE Minas Gerais - Cemig's Total Current Assets for the quarter that ended in Jun. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	692.338	+	1246.542	+	0	+	486.251
	=	2,425

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG.C) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Cia Energetica DE Minas Gerais - Cemig's Liquidation Value for the quarter that ended in Jun. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	692.338	-	5581.59	+	0.75 * 968.976	+	0.5 * 0
=	-4,163

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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 (NYSE:CIG.C) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

CIG:USA CIGN:Mexico XCMIG:Spain 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.