Is Companhia Energética de Minas Gerais - CEMIG financially healthy?
Mostly
Companhia Energética de Minas Gerais - CEMIG would need 2.1 years of earnings to pay off its debt, which is manageable.
The numbers behind it
Net debt / EBITDA2.1 years
Cash vs. debtR$1.9B vs. R$19.9B
Current ratio1.0×Short-term assets for each R$1 of bills due within a year
Interest coverage4.8×How many times operating profit covers the interest bill
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
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Data as of Nov 13, 2026.