Energy of Minas Gerais Co DRC (CIG-C) Balance Sheet
CIG-C balance sheet, 2025
December 31, 2025 · Brazilian reaisR$66.99B assets = R$38.43B liabilities + R$28.57B equity
Both columns are drawn to the same scale: what CIG-C owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CIG-C financial health
Descriptive bands, not a rating. Fiscal 2025.
CIG-C balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | R$53.67B2022 | R$66.99B2025 | +7.7%/yr | |
| Total liabilities | R$31.89B2022 | R$38.43B2025 | +6.4%/yr | |
| Shareholders’ equity | R$21.78B2022 | R$28.56B2025 | +9.5%/yr | |
| Cash & short-term investments | R$4.24B2022 | R$2.66B2025 | −14.4%/yr | |
| Total debt | R$10.94B2022 | R$19.87B2025 | +22.0%/yr | |
| Net cash (debt) | −R$6.69B2022 | −R$17.21B2025 | −R$10.5B | |
| Working capital | R$2.26B2022 | R$17.3M2025 | −R$2.2B | |
| Current ratio | 1.202022 | 1.002025 | −0.20 | |
| Debt / equity | 0.502022 | 0.702025 | +0.19 | |
| Shares outstanding | 2.20B2022 | 2.86B2025 | +9.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CIG-C assets
CIG-C liabilities and equity
CIG-C debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CIG-C balance sheet in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | R$2.66B | R$3.45B | R$3.12B | R$4.24B |
| Cash & equivalents | R$1.90B | R$1.90B | R$1.54B | R$1.44B |
| Short-term investments | R$759.3M | R$1.55B | R$1.59B | R$2.80B |
| Receivables | R$9.56B | R$7.37B | R$5.48B | R$8.34B |
| Inventory | R$0 | R$0 | −R$1.14B | −R$1.74B |
| Other current assets | R$2.25B | R$1.42B | R$4.40B | R$2.63B |
| Total current assets | R$14.47B | R$12.23B | R$11.87B | R$13.46B |
| Property, plant & equipment (net) | R$4.56B | R$4.10B | R$3.65B | R$2.74B |
| Goodwill & intangible assets | R$18.54B | R$16.81B | R$15.25B | R$14.62B |
| Long-term investments | R$11.45B | R$10.24B | R$10.36B | R$10.18B |
| Other non-current assets | R$17.97B | R$16.35B | R$13.87B | R$12.67B |
| Total assets | R$66.99B | R$59.73B | R$55.00B | R$53.67B |
| Liabilities | ||||
| Accounts payable | R$3.04B | R$4.20B | R$3.72B | R$3.29B |
| Short-term debt | R$3.14B | R$2.96B | R$2.71B | R$1.01B |
| Deferred revenue | — | — | R$1.61B | R$2.28B |
| Total current liabilities | R$14.46B | R$14.14B | R$13.09B | R$11.20B |
| Long-term debt | R$16.41B | R$9.40B | R$7.20B | R$9.62B |
| Lease obligations | R$417.2M | R$429.0M | R$433.0M | R$354.0M |
| Other long-term liabilities | R$7.56B | R$8.80B | R$10.05B | R$11.06B |
| Total liabilities | R$38.43B | R$32.34B | R$30.34B | R$31.89B |
| Shareholders' equity | ||||
| Common stock & paid-in capital | R$14.30B | R$14.31B | R$11.01B | R$11.01B |
| Retained earnings (deficit) | R$11.48B | R$13.58B | R$13.04B | R$10.39B |
| Accumulated other comprehensive income | R$2.78B | −R$899.9M | R$15.29B | R$12.64B |
| Minority interest | R$5.0M | R$5.0M | R$6.0M | R$6.0M |
| Total shareholders' equity | R$28.56B | R$27.38B | R$24.65B | R$21.78B |
| Key figures | ||||
| Total debt | R$19.87B | R$12.71B | R$10.26B | R$10.94B |
| Net cash (debt) | −R$17.21B | −R$9.26B | −R$7.14B | −R$6.69B |
| Working capital | R$17.3M | −R$1.91B | −R$1.22B | R$2.26B |
| Tangible book value | R$10.02B | R$10.57B | R$9.40B | R$7.16B |
| Shares outstanding | 2.86B | 2.86B | 2.86B | 2.20B |
| Current ratio | 1.00 | 0.86 | 0.91 | 1.20 |
| Quick ratio | 0.85 | 0.76 | 0.66 | 1.12 |
| Debt / equity | 0.70 | 0.46 | 0.42 | 0.50 |
| Equity / assets | 42.6% | 45.8% | 44.8% | 40.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | R$3.08B | R$1.77B | R$2.66B | R$2.32B | R$2.98B | R$6.03B | R$3.45B | R$7.65B | R$3.73B | R$5.40B | R$3.12B | R$5.00B |
| Cash & equivalents | R$2.16B | R$1.36B | R$1.90B | R$1.45B | R$2.98B | R$3.24B | R$1.90B | R$3.66B | R$1.56B | R$2.18B | R$1.54B | R$2.36B |
| Short-term investments | R$919.7M | R$409.9M | R$759.3M | R$865.4M | — | R$2.79B | R$1.55B | R$3.99B | R$2.17B | R$3.23B | R$1.59B | R$2.65B |
| Receivables | R$7.30B | R$8.37B | R$9.56B | R$6.69B | R$6.76B | R$6.70B | R$5.60B | R$6.34B | R$6.11B | R$6.95B | R$5.48B | R$5.06B |
| Inventory | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | −R$410.1M | −R$1.14B | R$408.0M |
| Other current assets | R$5.34B | R$4.10B | R$2.25B | R$4.32B | R$3.87B | R$2.74B | R$3.19B | R$2.28B | R$3.23B | R$2.86B | R$4.40B | R$3.45B |
| Total current assets | R$15.72B | R$14.24B | R$14.47B | R$13.33B | R$13.61B | R$15.47B | R$12.23B | R$16.27B | R$13.06B | R$14.80B | R$11.87B | R$13.92B |
| Property, plant & equipment (net) | R$4.66B | R$4.56B | R$4.56B | R$4.40B | R$4.29B | R$4.12B | R$4.10B | R$3.97B | R$3.81B | R$3.74B | R$3.65B | R$3.33B |
| Goodwill & intangible assets | R$29.16B | R$18.47B | R$18.54B | R$26.07B | R$24.89B | R$24.27B | R$16.81B | R$16.20B | R$15.79B | R$15.53B | R$15.25B | R$14.87B |
| Long-term investments | R$12.47B | R$0 | R$11.45B | R$11.28B | R$0 | R$10.49B | R$10.24B | R$10.01B | R$9.60B | R$9.44B | R$10.36B | R$10.42B |
| Other non-current assets | R$8.85B | R$30.07B | R$17.97B | R$9.67B | R$20.62B | R$9.54B | R$16.35B | R$16.56B | R$14.48B | R$13.93B | R$13.87B | R$13.63B |
| Total assets | R$70.86B | R$67.34B | R$66.99B | R$64.75B | R$63.41B | R$63.90B | R$59.73B | R$63.01B | R$56.74B | R$57.44B | R$55.00B | R$56.16B |
| Liabilities | ||||||||||||
| Accounts payable | R$5.09B | R$3.13B | R$3.04B | R$5.04B | R$4.47B | R$4.42B | R$4.20B | R$4.30B | R$3.46B | R$3.45B | R$3.72B | R$3.39B |
| Short-term debt | R$1.61B | R$3.13B | R$3.14B | R$3.07B | R$2.83B | R$2.72B | — | R$4.87B | R$4.73B | R$2.78B | R$2.71B | R$1.24B |
| Deferred revenue | — | — | — | — | — | — | — | — | R$2.35B | R$583.0M | R$1.61B | R$1.82B |
| Total current liabilities | R$13.46B | R$15.29B | R$14.46B | R$14.88B | R$13.67B | R$14.60B | R$14.15B | R$15.60B | R$13.63B | R$12.85B | R$13.09B | R$10.72B |
| Long-term debt | R$20.83B | R$0 | R$16.41B | R$12.43B | R$0 | R$12.61B | R$9.40B | R$9.34B | R$6.99B | R$8.91B | R$7.20B | R$10.94B |
| Lease obligations | R$397.2M | — | R$417.2M | R$425.0M | — | R$417.0M | R$429.0M | R$419.0M | R$429.0M | R$423.0M | R$433.0M | R$409.0M |
| Other long-term liabilities | R$7.38B | R$23.51B | R$7.56B | R$8.70B | R$21.26B | R$8.77B | R$8.80B | R$10.01B | R$9.45B | R$10.26B | R$10.05B | R$10.07B |
| Total liabilities | R$41.68B | R$38.80B | R$38.43B | R$36.02B | R$34.93B | R$35.98B | R$32.34B | R$34.94B | R$30.06B | R$32.02B | R$30.34B | R$31.73B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | R$14.31B | R$14.13B | R$14.30B | R$14.31B | R$14.31B | R$14.31B | — | R$14.31B | R$14.31B | R$11.01B | R$11.01B | R$11.01B |
| Retained earnings (deficit) | R$14.86B | R$11.67B | R$11.48B | R$14.87B | R$14.67B | R$500.0M | — | R$4.85B | R$13.63B | R$775.0M | R$11.31B | R$2.61B |
| Accumulated other comprehensive income | R$17.0M | R$2.73B | R$2.78B | −R$445.4M | −R$898.5M | R$13.97B | — | R$10.57B | −R$1.27B | R$15.29B | R$15.29B | R$12.64B |
| Minority interest | R$4.5M | — | R$5.0M | R$6.0M | — | R$6.0M | R$5.0M | — | — | — | — | — |
| Total shareholders' equity | R$29.18B | R$28.53B | R$28.56B | R$28.73B | R$28.47B | R$27.91B | R$27.38B | R$28.06B | R$26.67B | R$25.41B | R$24.65B | R$24.43B |
| Key figures | ||||||||||||
| Total debt | R$22.75B | R$19.77B | R$19.87B | R$15.84B | R$15.69B | R$15.66B | R$9.40B | R$14.55B | R$12.07B | R$12.05B | R$10.26B | R$12.52B |
| Net cash (debt) | −R$19.67B | −R$18.00B | −R$17.21B | −R$13.52B | −R$12.71B | −R$9.63B | −R$5.96B | −R$6.91B | −R$8.34B | −R$6.65B | −R$7.14B | −R$7.51B |
| Working capital | R$2.26B | −R$1.05B | R$17.3M | −R$1.55B | −R$60.9M | R$869.0M | −R$1.91B | R$674.0M | −R$565.0M | R$1.96B | −R$1.22B | R$3.20B |
| Tangible book value | R$23.4M | R$10.06B | R$10.02B | R$2.66B | R$3.58B | R$3.64B | R$10.57B | R$11.86B | R$10.88B | R$9.89B | R$9.40B | R$9.56B |
| Shares outstanding | 2.86B | 2.86B | 2.86B | 2.86B | 2.86B | 2.86B | 2.86B | 2.86B | 2.86B | 2.86B | 2.86B | 2.20B |
| Current ratio | 1.17 | 0.93 | 1.00 | 0.90 | 1.00 | 1.06 | 0.86 | 1.04 | 0.96 | 1.15 | 0.91 | 1.30 |
| Quick ratio | 0.77 | 0.66 | 0.85 | 0.61 | 0.71 | 0.87 | 0.64 | 0.90 | 0.72 | 0.96 | 0.66 | 0.94 |
| Debt / equity | 0.78 | 0.69 | 0.70 | 0.55 | 0.55 | 0.56 | 0.34 | 0.52 | 0.45 | 0.47 | 0.42 | 0.51 |
| Equity / assets | 41.2% | 42.4% | 42.6% | 44.4% | 44.9% | 43.7% | 45.8% | 44.5% | 47.0% | 44.2% | 44.8% | 43.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported (latest annual report filed April 17, 2026); data from EODHD.
CIG-C financial position
At the end of fiscal 2025 (December 31, 2025), Energy of Minas Gerais Co DRC had total assets of R$67.0 billion (up 12.2% from a year earlier), total liabilities of R$38.4 billion and shareholders' equity of R$28.6 billion. It held R$2.7 billion in cash and short-term investments against R$19.9 billion of debt, net debt of R$17.2 billion. Its current ratio was 1.00. In the latest quarter (ended June 30, 2026) total assets were R$70.9 billion and equity R$29.2 billion.
Related: CIG-C income statement, CIG-C cash flow statement, CIG-C key metrics. See the CIG-C stock overview for the latest quote and news.
CIG-C balance sheet FAQ
What are Energy of Minas Gerais Co DRC's total assets?
Energy of Minas Gerais Co DRC reported total assets of R$67.0 billion at the end of fiscal 2025 (December 31, 2025), compared with R$59.7 billion a year earlier.
How much debt does Energy of Minas Gerais Co DRC have?
Energy of Minas Gerais Co DRC had R$19.9 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.70.
How much cash does Energy of Minas Gerais Co DRC have?
Energy of Minas Gerais Co DRC held R$2.7 billion in cash and short-term investments at the end of fiscal 2025; with R$19.9 billion of debt that is net debt of R$17.2 billion.
What is Energy of Minas Gerais Co DRC's book value?
Energy of Minas Gerais Co DRC's shareholders' equity (book value) was R$28.6 billion at the end of fiscal 2025.
What is Energy of Minas Gerais Co DRC's current ratio?
Energy of Minas Gerais Co DRC had current assets of R$14.5 billion and current liabilities of R$14.5 billion, a current ratio of 1.00 (it can cover its short-term obligations).
How much goodwill does Energy of Minas Gerais Co DRC have?
Energy of Minas Gerais Co DRC carried R$18.5 billion of goodwill and intangible assets, 27.7% of total assets, at the end of fiscal 2025.
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