CIGCompanhia Energética de Minas Gerais - CEMIG
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (AA) and typical volatility.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -66% · now 10% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can CIG take a bad year?
Companhia Energética de Minas Gerais - CEMIG carries $8.91B of net debt at 6.63× EBITDA: a heavy load to carry through a bad year.
Net debt · as at FY2024 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 6.63×
Net debt / EBITDA
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
- Annualised volatility
- 32%
Annualised volatility · about as steady as the market itself
Details›
- Total debtFY2024
- $12.3B
- Cash and short-term investments
- $3.37B
- Net debt
- $8.91B
- EBITDA, trailing twelve months
- $1.34B
- Operating profit, trailing twelve months
- −$31M
- Debt / equity
- 0.45×
- Total debt / EBITDA
- 9.13×
- Annualised volatilitytwo years of daily moves
- 32%
- Worst drawdown on file
- −66%
- Below its 52-week high
- 10%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Utilities, Regulated Electric
Ranks #14 of 15 by RyuScore