Balance Sheet Dive: Cia Energetica DE Minas Gerais – Cemig ADR (CIG)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $2.58 in the prior trading day, Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) closed at $2.56, down -0.78%. In other words, the price has decreased by -$0.78 from its previous closing price. On the day, 0.84 million shares were traded. CIG stock price reached its highest trading level at $2.565 during the session, while it also had its lowest trading level at $2.505.


Our goal is to gain a better understanding of CIG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.37. For the most recent quarter (mrq), Quick Ratio is recorded 0.91 and its Current Ratio is at 0.91. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.33.

On November 01, 2023, HSBC Securities Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $2.90.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CIG now has a Market Capitalization of 7323340288 and an Enterprise Value of 14913863680. As of this moment, Cia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.34, and their Forward P/E ratio for the next fiscal year is 8.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66 while its Price-to-Book (P/B) ratio in mrq is 1.56. Its current Enterprise Value per Revenue stands at 0.405 whereas that against EBITDA is 1.794.

Stock Price History:

Over the past 52 weeks, CIG has reached a high of $2.68, while it has fallen to a 52-week low of $1.97. The 50-Day Moving Average of the stock is 5.55%, while the 200-Day Moving Average is calculated to be 11.03%.

Shares Statistics:

The stock has traded on average 2.50M shares per day over the past 3-months and 1697170 shares per day over the last 10 days, according to various share statistics. A total of 1.90B shares are outstanding, with a floating share count of 1.90B. Insiders hold about 0.00% of the company’s shares, while institutions hold 8.41% stake in the company. Shares short for CIG as of 1713139200 were 1143118 with a Short Ratio of 0.46, compared to 1710460800 on 1436248.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.42325583The stock’s 5-year Average Dividend Yield is 6.87.

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