Companhia Energética de Minas Gerais

Companhia Energética de Minas Geraisverified

CIG

Price:

$2.11

Market Cap:

$36.80B

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision...[Read more]

Industry

Diversified Utilities

IPO Date

1996-11-18

Stock Exchange

NYSE

Ticker

CIG

The Current Ratio as of September 2024 (TTM) for Companhia Energética de Minas Gerais (CIG) is 0.96

According to Companhia Energética de Minas Gerais’s latest financial reports and current stock price. The company's current Current Ratio is 0.96. This represents a change of -11.17% compared to the average of 1.08 of the last 4 quarters.

Companhia Energética de Minas Gerais (CIG) Historical Current Ratio (quarterly & annually)

How has CIG Current Ratio performed in the past?

The mean historical Current Ratio of Companhia Energética de Minas Gerais over the last ten years is 1.03. The current 0.96 Current Ratio has changed 9.17% with respect to the historical average. Over the past ten years (40 quarters), CIG's Current Ratio was at its highest in in the September 2020 quarter at 1.70. The Current Ratio was at its lowest in in the March 2016 quarter at 0.62.

Quarterly (TTM)
Annual

Average

1.03

Median

1.07

Minimum

0.65

Maximum

1.60

Companhia Energética de Minas Gerais (CIG) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Companhia Energética de Minas Gerais Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 37.62%

Maximum Annual Current Ratio = 1.60

Minimum Annual Increase = -42.51%

Minimum Annual Current Ratio = 0.65

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.91-24.56%
20221.20-0.81%
20211.21-24.04%
20201.6037.62%
20191.16-2.45%
20181.1920.56%
20170.9936.17%
20160.721.01%
20150.7210.68%
20140.65-42.51%

Companhia Energética de Minas Gerais (CIG) Average Current Ratio

How has CIG Current Ratio performed in the past?

The current Current Ratio of Companhia Energética de Minas Gerais (CIG) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.11

5-year avg

1.21

10-year avg

1.03

Companhia Energética de Minas Gerais (CIG) Current Ratio vs. Peers

How is CIG’s Current Ratio compared to its peers?

Companhia Energética de Minas Gerais’s Current Ratio is greater than NorthWestern Corporation (0.52), less than Montauk Renewables, Inc. (1.66), less than ALLETE, Inc. (1.45), greater than E.ON SE (0.86), less than Companhia Paranaense de Energia - COPEL (1.57), less than Otter Tail Corporation (2.27), greater than Avista Corporation (0.88), less than Commerce Energy Group, Inc. (0), less than ATCO Ltd. (1.42), less than RWE Aktiengesellschaft (1.74), less than Black Hills Corporation (1.06), greater than Unitil Corporation (0.58),

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