Companhia Energética de Minas Gerais (CIG) Balance Sheet
CIG 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 owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CIG financial health
Descriptive bands, not a rating. Fiscal 2025.
CIG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | R$40.88B2016 | R$66.99B2025 | +5.6%/yr | |
| Total liabilities | R$27.88B2016 | R$38.43B2025 | +3.6%/yr | |
| Shareholders’ equity | R$13.00B2016 | R$28.56B2025 | +9.1%/yr | |
| Cash & short-term investments | R$4.23B2016 | R$2.66B2025 | −5.0%/yr | |
| Total debt | R$16.64B2016 | R$19.87B2025 | +2.0%/yr | |
| Net cash (debt) | −R$12.42B2016 | −R$17.21B2025 | −R$4.8B | |
| Working capital | −R$3.71B2016 | R$17.3M2025 | +R$3.7B | |
| Current ratio | 0.722016 | 1.002025 | +0.28 | |
| Debt / equity | 1.282016 | 0.702025 | −0.58 | |
| Shares outstanding | 1.95B2016 | 2.86B2025 | +4.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CIG assets
CIG liabilities and equity
CIG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CIG balance sheet in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | R$2.66B | R$3.45B | R$3.12B | R$4.24B | R$4.05B | R$5.30B | R$2.17B | R$2.66B | R$3.04B | R$4.23B |
| Cash & equivalents | R$1.90B | R$1.90B | R$1.54B | R$1.44B | R$825.0M | R$1.68B | R$536.0M | R$891.0M | R$1.03B | R$925.0M |
| Short-term investments | R$759.3M | R$1.55B | R$1.59B | R$2.80B | R$3.23B | R$3.62B | R$1.63B | R$1.77B | R$2.01B | R$3.30B |
| Receivables | R$9.56B | R$7.37B | R$7.38B | R$8.34B | R$8.03B | R$5.11B | R$5.60B | R$4.85B | R$4.48B | R$4.12B |
| Inventory | R$0 | R$0 | −R$1.14B | R$1 | −R$1.72B | R$1.78B | R$39.0M | R$36.0M | R$38.0M | R$37.0M |
| Other current assets | R$2.25B | R$1.42B | R$2.51B | R$889.0M | R$2.59B | R$3.27B | R$2.55B | R$20.24B | R$981.0M | R$990.0M |
| Total current assets | R$14.47B | R$12.23B | R$11.87B | R$13.46B | R$12.95B | R$15.46B | R$10.35B | R$27.80B | R$8.54B | R$9.38B |
| Property, plant & equipment (net) | R$4.56B | R$4.10B | R$3.65B | R$2.74B | R$2.65B | R$2.62B | R$2.73B | R$2.66B | R$2.76B | R$3.94B |
| Goodwill & intangible assets | R$18.54B | R$16.81B | R$20.97B | R$14.62B | R$12.95B | R$11.81B | R$11.62B | R$10.78B | R$11.16B | R$10.28B |
| Long-term investments | R$11.45B | R$10.24B | R$10.36B | R$10.18B | R$10.43B | R$6.18B | R$5.41B | R$10.27B | R$14.43B | R$13.76B |
| Other non-current assets | R$17.97B | R$16.35B | R$8.14B | R$12.67B | R$13.07B | R$18.02B | R$20.41B | R$8.35B | R$5.36B | R$3.53B |
| Total assets | R$66.99B | R$59.73B | R$55.00B | R$53.67B | R$52.05B | R$54.08B | R$50.53B | R$59.85B | R$42.24B | R$40.88B |
| Liabilities | ||||||||||
| Accounts payable | R$3.04B | R$4.20B | R$3.72B | R$2.83B | R$2.68B | R$2.36B | R$2.08B | R$1.80B | R$2.34B | R$1.90B |
| Short-term debt | R$3.23B | R$2.96B | R$2.71B | R$1.01B | R$1.53B | R$2.11B | R$2.83B | R$2.20B | R$2.37B | R$6.30B |
| Deferred revenue | — | — | R$184,000 | R$2.28B | R$4.04B | R$1.09B | R$493.0M | R$79.0M | R$233.0M | R$3.82B |
| Total current liabilities | R$14.46B | R$14.14B | R$13.09B | R$11.21B | R$10.69B | R$9.69B | R$7.96B | R$23.39B | R$8.66B | R$13.09B |
| Long-term debt | R$16.74B | R$9.75B | R$7.56B | R$9.92B | R$10.08B | R$13.14B | R$12.23B | R$12.57B | R$12.03B | R$10.34B |
| Lease obligations | R$417.2M | R$429.0M | R$433.0M | R$354.0M | R$244.0M | R$227.0M | R$288.0M | R$0 | R$0 | R$0 |
| Other long-term liabilities | R$7.23B | R$8.45B | R$9.70B | R$10.76B | R$11.81B | R$13.78B | R$14.23B | R$7.95B | R$7.22B | R$4.45B |
| Total liabilities | R$38.43B | R$32.34B | R$30.34B | R$31.89B | R$32.58B | R$36.60B | R$34.42B | R$43.91B | R$27.91B | R$27.88B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | R$14.30B | R$14.31B | R$11.01B | R$11.01B | R$8.47B | R$7.59B | R$7.29B | R$7.29B | R$6.29B | R$6.29B |
| Retained earnings (deficit) | R$11.48B | R$13.58B | R$13.04B | R$10.39B | R$7.33B | R$10.06B | R$8.96B | R$6.36B | R$5.73B | R$4.67B |
| Treasury stock | — | — | — | — | −R$1.4M | −R$1.4M | −R$1.4M | −R$1.4M | −R$1.4M | −R$1.4M |
| Accumulated other comprehensive income | R$2.78B | −R$899.9M | −R$1.65B | R$2.25B | R$13.20B | −R$2.43B | −R$2.41B | R$7.29B | R$7.65B | R$6.60B |
| Minority interest | R$5.0M | R$5.0M | R$6.0M | R$6.0M | — | — | R$0 | R$0 | R$0 | R$0 |
| Total shareholders' equity | R$28.56B | R$27.38B | R$24.65B | R$21.78B | R$19.46B | R$17.47B | R$16.10B | R$15.94B | R$14.33B | R$13.00B |
| Key figures | ||||||||||
| Total debt | R$19.87B | R$12.71B | R$10.26B | R$10.93B | R$11.61B | R$15.25B | R$15.06B | R$14.77B | R$14.40B | R$16.64B |
| Net cash (debt) | −R$17.21B | −R$9.26B | −R$7.14B | −R$6.69B | −R$7.55B | −R$9.95B | −R$12.90B | −R$12.11B | −R$11.36B | −R$12.42B |
| Working capital | R$17.3M | −R$1.91B | −R$1.22B | R$2.26B | R$2.26B | R$5.77B | R$2.39B | R$4.40B | −R$125.0M | −R$3.71B |
| Tangible book value | R$10.02B | R$10.57B | R$3.68B | R$7.16B | R$6.51B | R$5.66B | R$4.47B | R$5.16B | R$3.17B | R$2.72B |
| Shares outstanding | 2.86B | 2.86B | 2.86B | 2.20B | 2.20B | 2.86B | 2.86B | 2.20B | 2.20B | 1.95B |
| Current ratio | 1.00 | 0.86 | 0.91 | 1.20 | 1.21 | 1.60 | 1.30 | 1.19 | 0.99 | 0.72 |
| Quick ratio | 0.85 | 0.76 | 0.80 | 1.12 | 1.13 | 1.07 | 0.98 | 0.32 | 0.87 | 0.64 |
| Debt / equity | 0.70 | 0.46 | 0.42 | 0.50 | 0.60 | 0.87 | 0.94 | 0.93 | 1.00 | 1.28 |
| Equity / assets | 42.6% | 45.8% | 44.8% | 40.6% | 37.4% | 32.3% | 31.9% | 26.6% | 33.9% | 31.8% |
| Jun '26 | Mar '26 | Dec '25 | Mar '25 | 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$6.03B | 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$3.24B | 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$2.79B | R$3.99B | R$2.16B | R$3.23B | R$1.59B | R$2.65B |
| Receivables | R$7.30B | R$8.37B | R$9.56B | R$7.34B | R$7.01B | R$6.71B | R$6.95B | R$7.38B | R$7.38B |
| Inventory | 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$2.10B | R$1.61B | R$2.62B | R$2.86B | R$2.51B | R$1.13B |
| Total current assets | R$15.72B | R$14.24B | R$14.47B | R$15.47B | 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$4.12B | 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$24.27B | 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$10.49B | 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$9.54B | 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$63.90B | 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$4.42B | R$4.30B | R$3.73B | R$3.45B | R$3.72B | R$3.39B |
| Short-term debt | R$1.61B | R$3.13B | R$3.14B | R$2.72B | R$4.87B | R$4.73B | R$2.78B | R$2.71B | R$1.24B |
| Deferred revenue | — | — | — | — | — | R$2.36B | R$583.0M | R$1.61B | R$4.66B |
| Total current liabilities | R$13.46B | R$15.29B | R$14.46B | R$14.60B | R$15.60B | R$13.63B | R$12.85B | R$13.09B | R$10.72B |
| Long-term debt | R$20.83B | R$0 | R$16.74B | R$12.94B | R$9.68B | R$6.99B | R$8.91B | R$7.20B | R$11.28B |
| Lease obligations | R$397.2M | — | R$417.2M | R$417.0M | 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$7.23B | R$8.43B | R$9.66B | R$9.45B | R$10.26B | R$10.05B | R$9.74B |
| Total liabilities | R$41.68B | R$38.80B | R$38.43B | R$35.98B | 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$11.01B | R$11.01B | R$11.01B |
| Retained earnings (deficit) | R$14.86B | R$11.67B | R$11.48B | R$14.08B | R$4.85B | R$13.63B | R$13.82B | R$13.04B | R$2.61B |
| Accumulated other comprehensive income | R$17.0M | R$2.73B | R$2.78B | −R$862.9M | R$10.57B | −R$1.27B | R$591.6M | −R$1.65B | R$12.64B |
| Minority interest | R$4.5M | — | R$5.0M | R$6.0M | — | — | — | — | — |
| Total shareholders' equity | R$29.18B | R$28.53B | R$28.56B | R$27.91B | 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$15.66B | 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$9.63B | −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$869.0M | R$674.0M | −R$564.8M | R$1.96B | −R$1.22B | R$3.20B |
| Tangible book value | R$23.4M | R$10.06B | R$10.02B | R$3.64B | 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 | 2.20B |
| Current ratio | 1.17 | 0.93 | 1.00 | 1.06 | 1.04 | 0.96 | 1.15 | 0.91 | 1.30 |
| Quick ratio | 0.77 | 0.66 | 0.85 | 0.92 | 0.94 | 0.77 | 0.96 | 0.80 | 1.16 |
| Debt / equity | 0.78 | 0.69 | 0.70 | 0.56 | 0.52 | 0.45 | 0.47 | 0.42 | 0.51 |
| Equity / assets | 41.2% | 42.4% | 42.6% | 43.7% | 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 financial position
At the end of fiscal 2025 (December 31, 2025), Companhia Energética de Minas Gerais 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 income statement, CIG cash flow statement, CIG key metrics. See the CIG stock overview for the latest quote and news.
CIG balance sheet FAQ
What are Companhia Energética de Minas Gerais's total assets?
Companhia Energética de Minas Gerais 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 Companhia Energética de Minas Gerais have?
Companhia Energética de Minas Gerais 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 Companhia Energética de Minas Gerais have?
Companhia Energética de Minas Gerais 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 Companhia Energética de Minas Gerais's book value?
Companhia Energética de Minas Gerais's shareholders' equity (book value) was R$28.6 billion at the end of fiscal 2025.
What is Companhia Energética de Minas Gerais's current ratio?
Companhia Energética de Minas Gerais 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 Companhia Energética de Minas Gerais have?
Companhia Energética de Minas Gerais carried R$18.5 billion of goodwill and intangible assets, 27.7% of total assets, at the end of fiscal 2025.